Artificial intelligence isn’t replacing fraud, it’s industrializing it, Paul Benda, executive vice president for risk, fraud and cybersecurity, told senators today. Benda testified before the Senate Select Committee on Aging during a hearing on the growing threat of AI fraud. He explained how generative artificial intelligence has made fraud more believable, personalized and scalable while […]
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Author: Karen Epper Hoffman Retaining customer loyalty in their teenage or even adolescent years has long been considered a wise marketing strategy. And financial institutions increasingly reached out to favor the youth market. In recent years, legal developments have allowed banks to also use young college and high school athletes for their marketing, in an […]
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Mortgage rates rose slightly this week. But whether that’s good news or bad news depends on one thing: when you started buying a home. The average rate on a 30-year fixed-rate mortgage rose four basis points to 6.51% APR in the week ended July 23, according to rates provided to NerdWallet by Zillow. (A basis […]
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The American Bankers Association said today that it supports the Office of the Comptroller of the Currency’s proposed approach to treat stablecoin issuers as financial institutions for Bank Secrecy Act and sanctions compliance, but believes additional changes are needed to treat all regulated entities equally. The Genius Act directs federal banking agencies to enforce regulations […]
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In the first quarter of 2026, tax-exempt credit unions spent a total of $155.2 million on advertising and promotions and account for roughly one-third of the top 15 college sports naming rights deals. Fast ABA DataBank: Credit unions are straying from their core mission appeared first on ABA Banking Journal. Source link
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The Ritz-Carlton Dallas, Las Colinas offers the classic luxury you’d expect from one of Marriott’s top brands, but still feels relaxed and affordable. It’s also possible to snag a great deal with Marriott Bonvoy points, making it a great weekend getaway for those who don’t want to deal with city traffic. It’s a 20-30 minute […]
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Today, the House passed the Law on Access to the Capital Main Street by 270 to 155 votes. The draft law seeks to encourage banking in the community through adjusted regulation and by encouraging the establishment of new banks. Among its provisions, the account would determine a three-year phase-in period for new financial institutions to […]
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Mortgage rates haven’t moved much today. July rates remained elevated from what we saw in June, moving above last month’s average (6.34%) for 19 days in a row. The average interest rate on a 30-year fixed-rate mortgage fell to 6.48% per year, according to rates provided to NerdWallet by Zillow. That’s one basis point lower […]
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The Office of Foreign Assets Control announced the next sanctions action last week. Sanctions related to Iran OFAC targets Iran’s arms procurement network: In the wake of Iranian attacks on commercial shipping in the Strait of Hormuz, OFAC on July 15 sanctioned seven individuals and entities involved in a network supporting arms procurement for the […]
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The National Credit Union Administration should coordinate with banking agencies to ensure that implementation of the Genius Act is substantially similar among all federal regulators of stablecoins for payments, the American Bankers Association and three other banking industry associations said today. NCUA, the FDIC, the Federal Reserve and the Office of the Comptroller of the […]
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