Podcast: AI and the future of BSA risk management

In his second day of congressional testimony, Treasury Secretary Scott Bessent said he will work to ensure there is “no deposit volatility” associated with a market structure bill for digital assets currently before Congress.

The ABA Foundation unveiled a first-of-its-kind report capturing forward-looking ideas from bankers, community leaders and nonprofit partners on how financial institutions can drive meaningful economic and community impact in the decades ahead.

Major tech platforms make billions of dollars from scammers who advertise on their sites, according to reporting from Reuters, and there’s not much incentive for them to change their practices — yet.

The Federal Reserve finalized the hypothetical scenarios for its annual stress test for large banks. In addition, the Fed board voted to maintain the current stress capital buffer requirements until 2027.

Two senators have introduced bipartisan legislation directing social media companies and other online media providers to take steps to fight fraudulent advertisements on their platforms. ABA supports the legislation.

When goals and measurements are in place before the party starts, it’s a highly strategic spend.