Report: Synthetic Identity Fraud Results in $20 Billion in Losses in 2020
Synthetic identity fraud, where fraudsters create an artificial identity out of multiple pieces of real and fabricated data, resulted in...
Newsbytes
FinCEN Acting Director: Public-Private Partnerships Needed in Fight Against Ransomware
In remarks at an industry event in Washington today, Acting FinCEN Director Himamauli Das addressed the growing threat of ransomware.
Montana Democrat ‘Concerned’ about OCC Nominee
Sen. John Tester (D-Mont.) this week expressed hesitation about the Biden administration’s nominee, Saule Omarova, to serve as the next...
ABA, Lawmakers Criticize Revised IRS Reporting Proposal
The Biden administration today endorsed raising the de minimis threshold for its controversial IRS reporting proposal from $600 to $10,000.
Survey: Nearly 60% of Banks Use Manual Tools for Asset Transfers
A new survey by fintech company Delta Data found that almost 60% of banks are using heavily manual processes in...
ABA Elects New Officers, Board Members for 2021-2022
During its annual convention today, the American Bankers Association elected new officers and board members for 2021-2022.
ABA Foundation Presents Six Community Commitment Awards
The American Bankers Association Foundation today honored six banks for outstanding commitment to their communities.
Housing Starts Fall in September
Housing starts were at a seasonally adjusted annual rate of 1.55 million in September, according to the U.S. Census Bureau....
Kansas City Fed’s George Says FedNow to Be Ready in 2023
Esther George, president and CEO of the Federal Reserve Bank of Kansas City today announced that the FedNow payment system...
ABA Comments on Proposed Interagency Third-Party Risk Management Guidance
ABA provided detailed feedback on interagency third-party risk management guidance proposed by the Federal Reserve, FDIC and OCC.
