Podcast: What Legislative and Regulatory AML/BSA Changes Mean for Banks

California regulators on Friday closed Nano Banc of Irvine and appointed the FDIC as receiver. Sunwest Bank of Sandy, Utah, has agreed to assume substantially all deposits and purchase certain assets of the bank.

As it seeks to implement the Genius Act, the OCC should consider additional factors when reviewing applications from non-bank entities requesting to become payment stablecoin issuers, and it should seek public comment on those applications, ABA and three...

The Federal Trade Commission said it will explore possible rulemaking to prevent online platforms from using ad-optimization practices that exacerbate impersonation scams. ABA welcomed the announcement.

The Federal Reserve proposed new rules to require payment stablecoin issuers under its supervision to back their stablecoins with certain reserve assets, and to establish an application process for state member banks seeking to create subsidiaries that issue...

ABA seven associations urged the FCC to vote in favor of a draft order revising two Telephone Consumer Protection Act rules – the “revoke all” rule and the “provided number” condition – that have made it more difficult...

Six U.S. and foreign banks released a set of principles for building consumer and merchant trust in AI agents used in commerce.