| Past Issues | Subscribe | ABA Bank Compliance magazine | ABA Banking Journal | ||||||||||||||||||
 |
||||||||||||||||||
May 23, 2025 |
||||||||||||||||||
 Features
Banks that successfully integrate AI into their compliance operations tend to follow the mantra: Automate the process, not the principle.
To help prevent fraud, Kish Bank, located in central in Pennsylvania, told its customers to "stop and think." It worked. From the fourth quarter of 2023 to the first quarter of 2024, following the successful conclusion of its increased fraud awareness efforts supported by the #BanksNeverAskThat campaign, Kish Bank experienced a 94% decline in customer losses to fraud.
The number of compromised debit cards resulting from skimming activity declined in 2024, but financial institutions and customers should remain vigilant, according to new figures by credit scoring firm FICO.
An American Bankers Association public education campaign warning consumers about the risks of check fraud has received two awards for video and television excellence. The #PracticeSafeChecks campaign was launched last year to educate consumers on the importance of using digital options instead of paper checks, using humorous digital and video ads to communicate the need for safe checking habits.
The ABA joined three financial sector associations in urging the Federal Reserve for a more flexible compliance deadline for proposed changes in the stress capital buffer, or SCB, requirement for large banks.
The Deposit Insurance Fund balance was $137.1 billion at the end of the fourth quarter of 2024, up $7.9 billion since June 30 of the same year, the FDIC said in its semiannual update on the DIF restoration plan.
The Consumer Financial Protection Bureau is rescinding dozens of guidance documents as part of a directive by President Trump to reduce regulation. The rescinded guidance covers topics such as fair lending, overdraft fees, disclosure policies and consumer information requests to large banks and credit unions.
The Consumer Financial Protection Bureau has issued an interim final rule ending protections for mortgagors experiencing hardships due to the COVID-19 pandemic.
The Office of the Comptroller of the Currency issued an interim final rule restoring its streamlined process for reviewing bank merger applications and rescinding other changes criticized by banks and lawmakers.
TrainingMay 28 May 29 June 2 - July 4 June 3 June 4 June 10 - 13 June 16 July 16 |
||||||||||||||||||
|
