ABA Fraudcast: Why ‘know your advertiser’ matters in preventing scams

Republicans on the House Financial Services Committee have proposed legislation to change how the CFPB is funded and redefine its ability to regulate unfair, deceptive, or abusive acts or practices.

Deloitte survey finds that while most bank customers use generative AI to research bank products, they hesitate to share personal info with the technology or trust its recommendations.

While two FDIC proposals to revise deposit insurance assessments and resolution planning are a step in the right direction, the agency could go further to achieve its stated goals, ABA said.

With the rise of frontier artificial intelligence models, financial institutions and third-party technology providers should prepare for a cyber threat environment marked by more vulnerabilities and faster software patching, Financial Stability Board Chair George Bailey said.

Banks have opened more than 1,000 new branches annually over the last three years. This new branching boom presents a great brand and marketing opportunity.

FinCEN proposed a new rule to cut off a branch of an Egyptian bank from the U.S. financial system as part of the Trump administration’s effort to economically isolate Iran.