Fed announces 2024 pricing for payment services

President Trump nominated bank executive Brian Johnson to lead the CFPB, which has been without a full-time leader since the firing of Rohit Chopra last year.

ABA said it strongly supports the shift toward risk-based compliance in a proposed overhaul of the Bank Secrecy Act program rule.

The Financial Stability Board has released a draft list of 12 sound practices to guide the adoption of artificial intelligence by banks and other financial institutions.

As federal regulators draft anti-money laundering and sanctions regulations for payment stablecoin issuers, they need to address the financial crime risks posed by secondary market payment stablecoin activities, ABA said.

A longtime leader in the fight against fraud describes one effective addition to the banking industry’s commitment to innovation: partnership.

ABA said that while it appreciates the IRS incorporating its recommendations into the proposed revisions to W-9 tax forms, the association still has significant concerns about some of the instructions for completing the form.