ABA Fraudcast: FTC report shows how elder fraud is expanding

Trillions of dollars for community lending could be lost if lawmakers fail to close a loophole crypto firms could use to bypass the Genius Act’s prohibition on paying interest or yield on payment stablecoins, ABA and seven banking...

Credit risk associated with large, syndicated bank loans remains moderate, with credit risk trends reflecting the effects of borrowers' ability to manage higher interest expenses and other macroeconomic factors, three banking agencies said in their most recent Shared...

Banks represent the aspirations of their communities by providing credit to materialize the visions of so many citizens and organizations.

FinCEN issued an alert urging financial institutions to identify and report fraud associated with federal child nutrition programs in Minnesota, and it released a geographic targeting order directing banks and money transmitters in two Minnesota counties to report...

The CFPB and Department of Justice plan to withdraw 2023 guidance warning financial institutions that they risk violating federal protections against discrimination if they rely on immigration status to determine a consumer’s creditworthiness.

The OCC is proposing to amend its chartering regulations to clarify that national banks limited to the operations of trust companies may engage in nonfiduciary activities.