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BankThink Bank regulators need to overhaul their digital capacity
American Banker 06/06/2022
The recent flood of news about cryptocurrencies, the financial performance of fintech firms, banks experimenting in the metaverse and the emergence of new artificial intelligence use cases highlights the extent to which digital technology…
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Authorized Push Payment Fraud Challenges CFPB’s Open Banking Stance
Pymnts 05/30/2022
Despite the absence of specific legislation mandating the use of open banking in the U.S., this practice is growing across the country. Open banking — when banks and financial institutions provide…
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The top 10 regulatory trends in banking
BAI 06/06/2022
The nature of the banking business—and people’s understanding of what banking is—continues to evolve in ways that challenge veteran industry players, as well as state, federal and global regulators…
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ABA recommends several priority issues in need of IRS guidance
ABA 06/06/2022
The American Bankers Association last week submitted recommendations to the Internal Revenue Service on tax issues that are in need of interpretive guidance for the upcoming fiscal year…
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Bank Regulators Warn That Traditional Rules Also Apply to AI
Pymnts 06/06/2022
Financial regulators have yet to publish a comprehensive set of artificial intelligence (AI)-related rules, as most of the efforts have focused so far on guidelines and principles for financial institutions to make good use of AI…
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