Podcast: Highlights from the 2021 ABA Washington Summit

Pennsylvania regulators closed Tioga-Franklin Savings Bank in Philadelphia and appointed the FDIC as receiver. Second Federal Savings and Loan Association of Philadelphia agreed to assume all deposits and purchase substantially all assets of the bank.

A proposed rule to require payment stablecoin issuers to maintain customer identification programs must go further if it is to reflect those firms’ business models and ensure equal treatment for all financial institutions, ABA said.

A recent effort by the Financial Action Task Force to improve cross-border payment transparency is commendable, but there are additional steps the task force should take to reduce operational challenges and preserve a true risk-based approach, ABA said.

How AI-generated impersonation is reshaping the risk landscape as the voice channel remains an important customer-contact method for the banking industry.

The Treasury Department released proposed regulations to limit eligible investments for Trump Accounts to choices with low expense ratios and to exclude products with “excessive fees or unnecessarily complex strategies.”

For many banks, there's simply too much going on. Compliance is a constant struggle, security is a moving target, and day-to-day operations take priority over everything else. When vendors quietly drop support for aging IT systems, your bank's...