Congress should establish a nationally harmonized, risk-based framework for regulating artificial intelligence in the financial services sector, which would preempt state laws while assuring strong consumer protection and cybersecurity outcomes, ABA told House Financial Services Committee members.
The CFPB will cease publication of unverified complaint narratives and visualizations, arguing the utility of publicizing narratives is minimal “while often causing confusion and providing misleading data.”
The BAAS contains OCC staff responses to frequently asked questions from the banking industry and bank examiners on a variety of accounting topics.
U.S. consumers want digital banking convenience but also want to maintain access to bank branches and people for complex issues and personalized financial guidance, according to a new survey by Santander.
As it seeks to implement the Genius Act, the Treasury Department should not allow states to greatly expand the scope of services offered by payment stablecoin issuers beyond what is spelled out in the law, ABA said.
While depository institutions filed only 3% of BSA reports on possible human smuggling, their reports accounted for approximately 61%, or $3 billion, of the total amount.
