Marketing mutuality
Mutuals Matter campaign seeks to educate the public about what separates mutual banks from other financial institutions.
Construction spending fell by 0.5% in March
Construction spending in March was at a seasonally adjusted annual rate of $2.19 trillion, 0.5% below the revised February estimate,...
FS-ISAC releases guidance for implementing AI solutions
FS-ISAC released a report to help financial service providers predict the challenges and identify the uncertainties involved in implementing generative...
Fed reschedules ISO 20022 implementation for Fedwire
The Federal Reserve announced that it has pushed back by four months the implementation date of the ISO 20022 message...
Cloud services: Outsourcing the service, but not risk
Banks must have strong risk-management practices in place when using third-party cloud service providers, starting with contract language.
OSHA releases framework for investigating retaliation for BSA, sanctions whistleblowing
Interim final rule establishes procedures for investigating complaints of employer retaliation for reporting possible violations of the Bank Secrecy Act...
Clarity and concision in risk reports
In risk reports to the board, place the emphasis on messages, not metrics
ABA: Proposed restrictions on calls using AI would harm bank communication with customers
A proposed rule to limit voice calls and text messages made using AI would restrict banks’ ability to communicate important...
Fortifying the financial sector from cyber threats
‘Project Fortress’ to help banks manage increasing cybersecurity costs.
Yellen: Banks with ‘less stable deposits’ need greater supervisory attention
While stressing that the U.S. financial system was strong, Treasury Secretary expressed support for regulations she said was needed to...
