Working with Compliance

ABA expressed support for a HUD proposal to rescind the use of disparate impact in determining Fair Housing Act violations, saying the rule in question did not provide clarity “and has been the subject of an unhelpful back-and-forth...

Banks have long been on the front lines of protecting customers from fraud, but they can’t do it alone, and social media companies and telecommunications providers must do more on their end, ABA’s Paul Benda told Nebraska lawmakers.

FinCEN issued an order exempting covered financial institutions from the requirement to identify and verify the beneficial owners of a legal entity customer each time the customer opens a new account.

FinCEN has launched a new dedicated webpage to confidentially accept whistleblower tips on fraud, money laundering and sanctions violations.

ABA joined the Business Software Alliance and seven associations in urging Commerce Department officials to retain the core structure of a risk management framework for artificial intelligence as the Trump administration seeks to spur AI adoption in the...

While artificial intelligence is widely used for fraud and scams, fraudsters are getting increasingly frustrated with detection systems used by banks and other organizations to to spot use of the technology, according to a new report on the...