New York Fed: Nonbank fintech firms drove increase in unsecured lending
Roughly 22.7 million American borrowers had an outstanding unsecured personal loan at the end of June 2023, with loans from...
Technology
Basel Committee paper seeks discussion on digital fraud
The paper explores the supervisory and financial stability implications of digital fraud, including existing data availability and risk mitigation measures.
Podcast: Bespoke banking for family-owned businesses
Family-owned businesses, especially those crossing the mark of $10 million in annual revenue, often have unique banking needs. They have...
New financial education platform added to the Veteran Benefits Banking Program
The Association of Military Banks of America announced the launch of a new financial education tool as part of the...
ABA, BPI urge federal coordination in cybersecurity regulation
Regulators should coordinate with each other to lessen the effect of overlapping requirements as they consider harmonizing federal regulations governing...
Podcast: Digging into the CFPB’s Section 1033 data-sharing proposal
"Banks have long supported consumers accessing their own data, but believe it should be done in a safe and sound...
Biden directs federal agencies to consider new regulation of AI
President Biden issued a sweeping executive order directing federal agencies to review and possibly draft new rules governing the use...
Study: AI-generated phishing emails almost as effective as humans
Phishing emails written by humans trick users into clicking malicious links at a greater rate than emails written by artificial...
ABA survey: Mobile apps remain primary vehicle for accessing banking services
For the fourth year in a row, U.S. consumers are conducting their banking via mobile apps more often than any...
CFPB releases proposed data sharing rule
The CFPB released its long-awaited rulemaking on consumer-authorized financial data sharing.
