FS-ISAC issues framework for increasing fraud, cybersecurity team collaboration

While many banks are cautious about adopting artificial intelligence, most view doing nothing as the greater risk, as they fear becoming more dependent on vendors and losing their competitive edge, according to a new ABA survey.

The Labor Department is proposing to allow 401(k) plan managers to rely on a new rule that provides a safe harbor for investing in a broader range of alternative assets, including cryptocurrencies and private equity.

FinCEN has proposed a new rule to provide financial incentives to people who report tips on Bank Secrecy Act and sanctions violations and other illegal activity.

House Financial Services Committee Ranking Member Maxine Waters (D-Calif.) asked the Kansas City Fed to provide more information about its decision to grant a cryptocurrency firm a “limited-purpose” master account.

The University of Michigan Consumer Sentiment Index decreased 5.8% in March compared to the month prior, landing at 53.3, according to final results for the month. Sentiment was down 6.5% year over year.

The significant rise in commercial lending by credit unions should concern CU members and policymakers.