Podcast: Investigating Fraud in COVID Relief Programs

FinCEN issued an advisory warning financial institutions “to be vigilant against risks presented by the unlawful employment of illegal aliens.” The advisory was jointly issued with the FDIC, OOC, NCUA and IRS.

Two lawmakers have released a draft bipartisan bill to establish a national regulatory framework for artificial intelligence, including increased penalties for AI-enabled fraud and temporary preemption of state laws regulating AI models.

The Department of Veterans Affairs has finalized its new partial claim program and broader loss mitigation updates, which will be live and accessible beginning June 15.

The top banking regulators appeared before the House Financial Services Committee, where they said that a decision on whether to press forward on Community Reinvestment Act reform may come soon and that merger application reviews probably should consider...

The Treasury Department has not taken steps to address gaps in beneficial ownership reporting resulting from its decision to exempt U.S. companies from the requirements, the Government Accountability Office concluded in a new report.

Colorado Gov. Jared Polis vetoed legislation to prohibit the collection of interchange fees for sales taxes, saying it presented too much legal risk to the state’s business environment and consumers.