Congressional task force recommends favorable regulatory environment for AI adoption
Federal policymakers should foster an environment where financial services firms can responsibly adopt the benefits of artificial intelligence and ensure...
Cybersecurity
OCC: Cyber threats to financial institutions remain elevated
The federal banking sector remains sound, although banks’ operational risk remains elevated as evolving cyber threats target the financial services...
Federal cybersecurity office releases tips for consumers on avoiding holiday scams
The Office of Cybersecurity and Critical Infrastructure Protection has released a consumer advisory on avoiding cyber and online scams during...
Time and communication are crucial in spotting fraudulent transactions
Understanding what to look for is one step toward thwarting potential criminal activity.
Federal report outlines potential risks to U.S. financial stability
The U.S. banking system remains resilient but there are pockets of potential vulnerability that need continued monitoring, such as in...
FBI issues warning on AI used for financial fraud
The FBI issued a warning to the public that criminals are using generative artificial intelligence to commit financial fraud and...
FHA extends deadline for lenders to report cybersecurity incidents
FHA announced that approved lenders will have 36 hours to report a cybersecurity incident to HUD instead of 12 hours,...
CFPB proposes new requirements for data brokers
The CFPB proposed a new rule to expand existing federal protections for consumer data to certain activities by data brokers.
House lawmakers propose federal studies on AI in financial services, housing
The top lawmakers on the House Financial Services Committee introduced a bill that would direct regulators to study the potential...
Bank risk officers identify cybersecurity, fraud as top risks
Cybersecurity along with fraud and financial crimes are the top risks facing financial institutions in 2025, according to a recent...
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