Banking
Sunwest CTO: More clarity needed on AI regulation
[ad_1] As banks look to implement and scale AI within their operations, some executives want more clarity on regulations that govern how the technology…
Tag: bank regulation
Banking
AI’s growth leaves financial regulators struggling to catch up
[ad_1] Regulators are still at an “early stage” in their efforts to track the risks posed to the financial system by the rapid adoption…
Banking
Move trust, not data: How Section 1033 can make open banking work
[ad_1] Open banking will not be won by moving data faster. It will be won by moving trust. As Section 1033 advances, the useful…
Banking
CFPB fines VyStar Credit Union $1.5M for ‘bungled’ platform rollout
[ad_1] The Consumer Financial Protection Bureau fined VyStar Credit Union $1.5 million today for the botched rollout of a new online banking system, which…
Banking
BofA says U.S. may take action over money laundering, Zelle
[ad_1] Bank of America Corp. said US regulators may take action against the firm over its efforts to detect suspected money laundering and sanctions…
Banking
Final CFPB open banking rule to force innovation
[ad_1] Experts are assessing the effects of the Personal Data Right rule on consumers, competition and innovation following the Consumer Financial Protection Bureau’s announcement…
Banking
US banks prepare for new era of consumer financial data sharing
[ad_1] US banks will now have to give customers access to their financial data after the top consumer watchdog finalized a long-awaited rule aimed…
Banking
CFPB fines TD Bank $28M
[ad_1] TD Bank was ordered to pay $28 million in fines by the Consumer Financial Protection Bureau, which ruled the bank had shared inaccurate…
Banking
CFPB funding under new scrutiny | Bank Automation News
[ad_1] The Consumer Financial Protection Bureau is facing additional challenges that call into question the legality of the bureau’s funding. The Supreme Court upheld the CFPB’s funding mechanism in May. In…
Banking
CFPB probes emerging AI-based tech | Bank Automation News
[ad_1] The Consumer Financial Protection Bureau has once again made it clear that new AI- and machine learning-based technologies are held to the same consumer protection…
Banking
Bank of England explores risks of AI | Bank Automation News
[ad_1] As AI in the banking industry continues to grow, financial institutions must be confident in the accuracy and security of the technology, according…
Banking
Open banking: Catalyst for innovation, competition | Bank Automation News
[ad_1] Open banking regulation is in the works — finally. The Consumer Financial Protection Bureau (CFPB) announced in October 2022 a plan to propose…
Banking
CFPB lags on information security updates | Bank Automation News
[ad_1] While the Consumer Financial Protection Bureau plans to step up enforcement action in the lending sector, the federal watchdog has yet to implement measures laid…
Banking
Lenders should implement these 2 technologies now | Bank Automation News
[ad_1] Regulatory technology and fraud prevention are two areas that financial institutions should be investing in now to reduce losses and overhead costs. As…
Banking
Rebeca Romero Rainey: Authentic connection
[ad_1] Photo by Chris Williams For community banks, marketing often points to finding ways to educate, support and grow community, as well as customer…
Banking
The community bank guide to FedNow resources
[ad_1] Photo by Ismail Rajo/iStock The time has come for the long-awaited FedNow launch. As community banks navigate this process, there are plenty of…
Banking
Brad Bolton: Keep advocating
[ad_1] Photo by Chris Williams I am grateful to have had the opportunity to serve as chairman. I will continue to advocate for community…
Banking
BankOnBuffalo redefines mobile banking
[ad_1] BankOnBuffalo president Michael Noah says the bank’s mobile branch will provide service to those who don’t have easy access to banks. Photos by…
Banking
Lindsay LaNore: 7 ideas for cultivating inspiration
[ad_1] By Lindsay LaNore, ICBA The theme for ICBA LIVE 2023 is “Light the Fire. Light the Way.” As leaders, that’s a huge part of…
Banking
Valley Bank helps lead women home
[ad_1] Valley Bank offers financial literacy education to women through Hoving Home. Valley Bank is working side by side with Walter Hoving Home, a…