ABA Fraudcast: The power of AI and trusting that voice on the phone

The FDIC released guidance with steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Hawaii affected by low-weather systems.

The OCC is proposing to rescind regulatory language tied to diversity efforts and credit risk retention as part of President Trump’s Department of Government Efficiency initiative.

The Treasury Department announced it has begun a review of certified community development financial institutions to identify potential legal violations or violations of CDFI requirements.

A recent proposal by the Federal Reserve to remove reputation risk from its bank supervision will enhance objectivity and allow the central bank to focus resources on material risks to the financial condition of a firm, ABA said.

Experts advise bank leaders to ensure AI is deployed responsibly, governed transparently and secured carefully.

Federal banking agencies finalized interagency rulemaking to expand the eligibility criteria for the community bank leverage ratio, adopting changes first proposed last year without further revisions.