Podcast: Red Flags for ‘Money Mule’ Scams

Fifteen state attorneys general urged Congress to pass legislation ensuring that robberies of off-site ATMs carry the same legal consequences as bank robberies. ABA also supports the bill.

Congress should establish a nationally harmonized, risk-based framework for regulating artificial intelligence in the financial services sector, which would preempt state laws while assuring strong consumer protection and cybersecurity outcomes, ABA told House Financial Services Committee members.

The CFPB will cease publication of unverified complaint narratives and visualizations, arguing the utility of publicizing narratives is minimal “while often causing confusion and providing misleading data.”

The BAAS contains OCC staff responses to frequently asked questions from the banking industry and bank examiners on a variety of accounting topics.

While depository institutions filed only 3% of BSA reports on possible human smuggling, their reports accounted for approximately 61%, or $3 billion, of the total amount.

President Trump directed federal law enforcement to create a new program that partners with the private sector to target transnational criminal organizations responsible for ransomware attacks, phishing campaigns and other cybercrimes.