Technology

FCC Adopts Reassigned Number Database with Safe Harbor

The Federal Communications Commission today voted unanimously to create a database of phone numbers that have been relinquished by one individual and reassigned to another individual, something that the American Bankers Association has long called for.

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ABA Offers Feedback on Federal Reserve Faster Settlement Proposal

In a comment letter to the Federal Reserve today, ABA offered feedback on potential Fed actions to accelerate interbank settlement of faster payments, including the idea of the Fed banks developing a 24/7/365 real-time settlement service and a liquidity management tool to support this service.

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Survey: Data Privacy Growing as Concern; Banks Seen as Trusted

In an era of frequent data breaches and growing concern over technology companies’ use of consumer data, nearly three-quarters of Americans said they are more concerned about their data privacy than they were a year before, according to a survey conducted by software company SAS.

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FinCEN to Launch Innovation Initiative

The Financial Crimes Enforcement Network will launch a new innovation initiative to foster a better understanding of the opportunities and challenges of new technologies for enhancing Bank Secrecy Act and anti-money laundering efforts, FinCEN Director Ken Blanco told attendees at ABA’s Financial Crimes Enforcement Conference today.

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