Report: FDIC halts plan to hire new examiners

The Trump administration rescinded a memo directing federal agencies to pause distribution of grants and loans, with the reversal coming after a federal judge temporarily blocked implementation of the freeze. However, a federal judge has temporarily blocked implementation...

FinCEN rescinded two alerts for financial institutions related to the financing of what the agency said was “Israeli extremist settler violence against Palestinians in the West Bank.”

The FOMC announced that it will hold the target range for the federal funds at 4.25%-4.5%. All 12 voting FOMC members voted in favor of the pause.

'People can be convinced they are talking to a real person when they are not.'

Central banks need to find a balance between fostering innovation using artificial intelligence and mitigating the different risks the technology may generate, the Bank for International Settlements concluded in a new report on AI adoption by central banks.

Banks must have strong risk-management practices in place when using third-party cloud service providers, starting with contract language.