ABA-backed bill to block CBDC introduced in Senate
Sen. Ted Cruz (R-Texas) announced he has introduced legislation to block the Federal Reserve from issuing a central bank digital...
Technology
FS-ISAC releases guidance for implementing AI solutions
FS-ISAC released a report to help financial service providers predict the challenges and identify the uncertainties involved in implementing generative...
A crypto-friendly Trump administration could reopen crypto to banks
The OCC’s interpretative letters, renounced under Biden, already provide wide latitude
ABA, associations urge Congress to extend cybersecurity information sharing law
ABA joined 11 associations in urging lawmakers to extend a federal law that established voluntary procedures for information sharing about...
Podcast: What’s next for stablecoin policy and tech
Legislators and regulators are strongly focused on policy related to payment stablecoins, most recently with the passage of the Genius...
OCC creates digitalization webpage for community banks
The OCC has created a new page on its website with resources to help community banks meet their digitalization objectives.
Enhancements, cost reductions announced for Social Security verification system
SSA announced a plan to reduce costs and enhance its Electronic Consent Based Social Security Number Verification, which allows financial...
ABA offers policy recommendations for proposed AI ‘action plan’
ABA offered four policy recommendations for Trump administration officials as they develop an “action plan” to advance the development and...
Senate Banking Committee advances stablecoin bill
The Senate Banking Committee voted 18-6 in favor of a bill that would create a regulatory framework for payment stablecoins,...
Survey: Most customers trust their banks to keep their data secure
A survey of bank customers in multiple countries found that most trust their main bank to keep their personal data...
