Generative AI has made scams more convincing, personalized and scalable while enabling criminals to exploit trusted identities and communications channels, ABA's Paul Benda told senators.
A new committee to review state-level regulatory frameworks for stablecoins must adopt strong, transparent rules before it starts making decisions “that will shape the payment stablecoin market for years to come,” ABA and three bankers associations said.
The Federal Open Market Committee once again voted to maintain the target range of the federal funds rate at 3.5%-3.75%, but three members voted against the action, instead preferring to raise the rate.
Small, targeted changes to market structure legislation for digital assets are all that are needed to ensure the crypto industry can thrive while protecting the deposit base that banks need to provide lending to communities, ABA President and...
Warning of the potential fallout for banks and the communities they serve, bank leaders from across the U.S. are urging Senate leaders to use the Clarity Act to close a loophole that allows digital asset service providers to...
As the various federal banking agencies race to establish separate regulations for stablecoin issuers, they should be open to reproposing any rule that conflicts with a regulation put forward by another agency, ABA and three banking associations said.
