Podcast: Accelerating bank innovation in the months ahead

Businesses that fail to disclose that they use consumer data to set personalized prices for goods or services are likely engaging in deception or unfairness and can expect the Federal Trade Commission to pursue enforcement actions, according to...

The objective is not simply to stop a transaction. It is to help the customer recognize the deception and prevent additional losses.

The Treasury Department announced the launch of a new public-private initiative "to help accelerate the U.S. financial sector's transition to quantum-safe technology."

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.