Bank surveys find consumers increasingly turning to AI for financial advice
Separate surveys by Wells Fargo and TD Bank found that an increasing number of people are turning to AI for...
Technology
Rep. Hill: Expect CFPB reforms later this year
House lawmakers and the Trump administration are planning to bring forward a series of reforms later this year to address...
ABA survey: Banks view doing nothing with AI as greatest risk
While many banks are cautious about adopting artificial intelligence, most view doing nothing as the greater risk, as they fear...
Rep. Waters seeks details from Fed about Kraken decision
House Financial Services Committee Ranking Member Maxine Waters (D-Calif.) asked the Kansas City Fed to provide more information about its...
FSSCC releases additional AI resources for financial institutions
The Financial Services Sector Coordinating Council has released the final four of six resources to help the financial services sector...
ABA outlines national strategies for fighting fraud, scams
ABA presented lawmakers with a national blueprint for fighting fraud and scams, which included requiring telecommunications and social media companies...
Report: State Department launches bureau to tackle cybersecurity, AI risks
The State Department has formally launched a new bureau to combat cyber threats and other technological risks posed by other...
Tech industry giants sign voluntary agreement to fight scams, fraud
Google, Meta, Amazon and other tech industry giants recently signed a voluntary accord pledging to take “proactive actions” to fight...
FSOC, Treasury Department launch effort to support financial sector AI adoption
The Financial Stability Oversight Council and the Treasury Department’s Artificial Intelligence Transformation Office announced the launch of the AI Innovation...
White House releases national AI policy framework
The White House released a national policy framework that calls on Congress to take several actions to support the safe...
