ABA Calls on Congress to Pursue National Data Protection Standards
In response to the ever-increasing threat of data breaches and cyber fraud, ABA today called on Congress to pursue national...
Technology
FBI: Social Engineering Scams Cost U.S. Businesses $1.6B since 2013
Social engineering wire transfer scams cost U.S. businesses nearly $1.6 billion between October 2013 and December 2016, according to figures...
Regulatory Compliance? Elementary.
With overwhelming data and complex regulatory requirements, banks are turning to advanced cognitive computing to help their compliance teams.
An Inflection Point for Wealth Management?
The shift away from equity owners and the aging of the wealth management workforce portends big changes.
OCC’s Curry: Fintech Discussion Touches on ‘Fundamental Nature’ of Banking
The debate over how the financial industry should address the opportunities and challenges of fintech has sparked a discussion about...
Brainard: Fed Has ‘Strong Interest’ in Encouraging Innovation
In a speech today, Federal Reserve Governor Lael Brainard acknowledged the challenges facing the financial industry as banks work to...
OCC: Fintech Charter Not a ‘Ticket to Light-Touch Supervision’
A senior OCC official reaffirmed today that the agency’s limited-purpose fintech charter would not lead to “light-touch” supervision for fintech...
New GAO Study Examines Fintech Industry Regulation
A Government Accountability Office study published today examines four “subsectors” within the fintech industry, highlighting the types of products and...
ABA Submits Bipartisan Economic Growth Ideas to Crapo, Brown
ABA today urged the leaders of the Senate Banking Committee to focus on expanding portfolio mortgage lending, modernizing rules on...
ABA Urges OCC to Post Proposed Fintech Charters for Comment
To ensure transparency and clarity as the OCC begins granting special-purpose national bank charters for fintech companies, ABA urged the...
