FinCEN proposes rule to pay whistleblowers
FinCEN has proposed a new rule to provide financial incentives to people who report tips on Bank Secrecy Act and...
Compliance and Risk
Risky business
The significant rise in commercial lending by credit unions should concern CU members and policymakers.
GAO reports little progress in federal coordination in fighting scams
Nearly a year after the Government Accountability Office proposed a government-wide strategy for countering scams, most agencies have either not...
FSSCC releases additional AI resources for financial institutions
The Financial Services Sector Coordinating Council has released the final four of six resources to help the financial services sector...
FSOC proposes new guidelines for determining nonbank risks to financial stability
The Financial Stability Oversight Council proposed new guidance to walk back recent changes for determining whether nonbanks should be subject...
ABA outlines national strategies for fighting fraud, scams
ABA presented lawmakers with a national blueprint for fighting fraud and scams, which included requiring telecommunications and social media companies...
Report: Fed not collecting data needed to improve bank application processing
The Federal Reserve is not tracking the information needed to improve the efficiency and timeliness of processing applications for community...
Report: State Department launches bureau to tackle cybersecurity, AI risks
The State Department has formally launched a new bureau to combat cyber threats and other technological risks posed by other...
Tech industry giants sign voluntary agreement to fight scams, fraud
Google, Meta, Amazon and other tech industry giants recently signed a voluntary accord pledging to take “proactive actions” to fight...
OFAC temporarily eases sanctions on Iranian, Venezuelan oil
The Office of Foreign Assets Control has lifted many sanctions on the sale of oil from Iran until April 19...
