Banks release principles for building public trust in AI agents
Six U.S. and foreign banks released a set of principles for building consumer and merchant trust in AI agents used...
Technology
Senate passes bill requiring warnings about possible romance scams
The Senate passed by unanimous consent a House bill to require dating websites to notify users about possible romance scams.
ABA, associations urge FCC to adopt outcome-based robocall scorecard
ABA joined other financial services associations to express strong support for the Federal Communications Commission’s proposed Robocall Mitigation Scorecard while...
Fed’s Jefferson provides update on discount window modernization
In recent years, the Federal Reserve has taken steps to improve the discount window’s business operations, enhance its user experience,...
Survey finds younger generations more likely to start building wealth at early age
Today’s young adults are beginning to build wealth years earlier than older generations did, but many of them still see...
Balancing security with customer experience
The banking, technology and government sectors have been collaborating as new technologies lower the barriers to creating convincing false identities.
Bowman: Independent review finds regulatory tailoring had no role in SVB failure
Delays in supervisory action ahead of the Silicon Valley Bank failure were not caused by regulatory tailoring mandates, despite an...
New tool released to help state bank examiners assess AI risks
Financial institutions can also use the CSBS framework to assess their own AI programs, establish sound AI governance and risk...
How will banks reinvest the time AI saves?
The bank may become more efficient, but not necessarily more strategic. The capacity dividend becomes valuable only when it is...
ABA, banking groups warn revised Clarity Act fails to protect community banks
Proposed language in the Clarity Act giving regulators a short time frame to decide whether to close the stablecoin payment-of-interest...
