ABA, associations ask administration to retain AI risk management framework
ABA joined the Business Software Alliance and seven associations in urging Commerce Department officials to retain the core structure of...
Newsbytes
Senate fails to reach funding deal on DHS
The Senate adjourned without reaching a funding deal for the Department of Homeland Security, meaning a limited shutdown affecting only...
Existing home sales decreased 8.4% in January
Existing home sales decreased 8.4% in January to a seasonally adjusted annual rate of 3.91 million. Year-over-year, sales decreased 4.4%....
Report: Deepfake detection efforts foiling fraudsters
While artificial intelligence is widely used for fraud and scams, fraudsters are getting increasingly frustrated with detection systems used by...
Mortgage rates decline
The rate for a 30-year fixed-rate mortgage was 6.09% this week. The rate for a 15-year fixed-rate mortgage was 5.44%.
FDIC, OCC release stress test scenarios
The FDIC and OCC released the market scenarios they will use in their upcoming stress tests for financial institutions. The...
Supervisory tailoring bill introduced in Senate
A bipartisan group of senators introduced legislation to raise the asset threshold under which banks are subject to longer examination...
SCAM Act introduced in House
Two House lawmakers have introduced legislation directing social media companies to take steps to fight fraudulent advertisements on their platforms....
ABA urges OCC to provide stronger safeguards, clearer rules for charter applicants
As the OCC considers revising its chartering rules, the agency should seek to uphold strong safety and soundness standards, increase...
New York Fed reports ‘modest decline’ in CDFI numbers, assets
After rising for more than a decade, the number of community development financial institutions and their total assets experienced a...
