G7 group issues document on AI benefits, risks to financial system
A G7 working group has released a statement outlining what policymakers and financial institutions should consider when weighing the potential...
Compliance and Risk
Chair’s View: Walk like a bank, talk like a bank … get regulated like a bank
When the rules of the road that apply to banks do not apply the same way to nonbank service providers.
FBI alert: Scammers impersonating agency’s cyber-crimes website
The FBI is warning that scammers are spoofing the website of the agency’s Internet Crime Complaint Center, or IC3, to...
How AI provides an edge in lending
Recent research reveals banks with greater AI usage offered lower interest rates and experienced fewer instances of default.
ABA urges CFPB to maintain robust supervision of ‘larger participant’ nonbanks
In four comment letters, ABA urged the CFPB to maintain robust supervision of nonbanks in the markets for automobile lending,...
ABA, BPI seek suspension of FDIC signage rule compliance deadline
ABA and the Bank Policy Institute are urging the FDIC to stay the pending compliance date for its revised signage...
FinCEN to postpone deadline for investment adviser rule
FinCEN is proposing to push back the effective date of its investor adviser rule by two years, which comes after...
ABA responds to OCC RFI on potential actions to address payments fraud
According to ABA, “the growing prevalence and sophistication of fraud in today's financial ecosystem underscore the urgency of this inquiry...
Decoding digital money
The real difference between stablecoins and tokenized deposits.
Terrorist drug trafficking organizations: Understanding and countering the threat
As Treasury continues to prioritize combating the illegal production and trafficking of fentanyl, public-private partnerships are vital.
