The U.S. Attorney for the District of Columbia recently launched a Scam Center Strike Force to aggressively address crypto-facilitated fraud and scams originating from Southeast Asia. It will use ...
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U.S. Sens. Jim Banks (R-IN), Elizabeth Warren (D-Mass.), Tom Cotton (R-AK), Chris Coons (D-DE), Dave McCormick (R-PA) and Chuck Schumer (D-NY) introduced legislation to foster AI innovation and commer...
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U.S. Sens. Tim Scott (R-SC) and Mike Rounds (R-SD) are among a group of Senate Republicans urging the Federal Reserve Board to finalize Basel III Endgame rulemaking. "In assessing the final rule, w...
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U.S. Sens. Josh Hawley (R-MO) and Mark Warner (D-VA) said they plan to introduce legislation that will track the number of jobs lost to Artificial Intelligence. The AI-Related Job Impacts Clarity ...
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U.S. Sens. Elizabeth Warren (D-MA), Andy Kim (D-NJ) and Lisa Blunt Rochester (D-DE) urged the Federal Reserve’s Vice Chair to oppose special treatment of European banks when calculating risk scores....
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The Federal Reserve Board finalized changes this week to its supervisory rating framework for large banks. The revisions within the finalized framework more accurately reflect the strength of indiv...
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The American Bankers Association (ABA) along with 52 state bankers’ associations across the United States are urging the U.S. Department of the Treasury to implement the GENIUS Act’s prohibition o...
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The Department of the Treasury’s Office of Foreign Assets Control (OFAC) recently sanctioned two entities and eight people for their role in laundering funds derived from a variety of illicit Democr...
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The Financial Industry Regulatory Authority, or FINRA, fined First Trust Portfolios $10 million for providing excessive non-cash compensation in connection with the distribution of First Trust investm...
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The International Swaps and Derivatives Association (ISDA) is seeking quotes for the development of a traceability tool for its Digital Regulatory Reporting (DRR) solution. The tool is intended to hel...
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