ABA: International payment transparency standards need more work
A recent effort by the Financial Action Task Force to improve cross-border payment transparency is commendable, but there are additional...
Technology
The voice fraud threat to banking
How AI-generated impersonation is reshaping the risk landscape as the voice channel remains an important customer-contact method for the banking...
U.S. Bank executive to head FSSCC
Ann Barron-DiCamillo, EVP and CISO at U.S. Bank, has been selected as the next chair of the Financial Services Sector...
OCC’s Gould defends charter approvals for crypto activity
Noting more than half of recent bank charter applications received by his agency involve digital assets, Comptroller of the Currency...
Treasury proposes rulemaking for licensing payment stablecoin issuers
The Treasury Department released proposed rulemaking to require digital asset providers to obtain a federal or state license before issuing...
ABA Viewpoint: The Genius Act rules are (almost) here. Here’s what banks should do
The real work for most banks isn't deciding whether or not to become an issuer. It's building the strategy that comes after...
Senate adjourns with no vote on Clarity Act
The Senate adjourned without holding a final vote on the Clarity Act, punting further action on the bill until at...
ABA: More work needed to harmonize BSA/sanctions requirements for stablecoin issuers
ABA supports requiring stablecoin issuers to comply with the Bank Secrecy Act and sanctions requirements, but proposed rulemaking to establish...
The evolution of financial scams
What a century of fraud can teach banks about the next generation of risk.
BIS: Bad actors have financial edge in using AI for cyberattacks
While frontier artificial intelligence models strengthen both cyberattacks and cyber defense, the financial costs for both are “asymmetric” and may...
