Industry

US Judge Blocks Consumer Agency’s 'Open Banking' Rules for Now

U.S. News & World Report

“A coalition of banking groups has convinced a federal judge to temporarily block enforcement of a U.S. Consumer Financial Protection Bureau rule aimed at making it easier for consumers to switch financial-service providers. In a ruling Wednesday, U.S. District Judge Danny Reeves in Lexington, Kentucky, paused compliance deadlines for the so-called “open banking” rule in […]

Companies

The Clearing House Association and BPI Urge Treasury to Modernize AML Rules for the Digital Age

The Clearing House

“The Clearing House Association and the Bank Policy Institute issued recommendations to the U.S. Department of the Treasury as part of Treasury’s request for information to modernize the Bank Secrecy Act. Recommendations: Apply anti-money laundering rules consistently; encourage banks to adopt technologies that help combat illicit finance; Rescind the existing model risk management guidance, which […]

Tags: The Clearing House (TCH)

Global

Banks Will Have to Reject Transfers and Payments to Accounts Suspected of Fraud; Rule Is Now in Effect and Changes Pix Security [Brazil]

CPG Click Petróleo e Gás

“In September 2025, the Central Bank of Brazil (BCB) required banks, fintechs and digital wallets to automatically reject payments and transfers to accounts classified as suspected of fraud. The regulation is already in force and marks a new stage in the security policy of the national financial system. Each financial institution is now obliged to […]

Tags: Brazil

Companies

The Use of Artificial Intelligence for Policy Purposes

BIS

“The report examines how central banks, financial regulators and supervisory authorities are using AI for policy purposes. They regularly work with vast data sets and complex decision-making processes to safeguard monetary and financial stability and ensure the integrity of payment systems. New, advanced AI methods – including large language models that power generative AI – […]

Tags: Bank for International Settlements

Companies

The Future of AI: In Conversation with Michael Wooldridge

Barclays

“Few people are better placed to make sense of artificial intelligence than Professor Michael Wooldridge, one of Oxford University’s leading AI academics. His influence stretches beyond academia, too, shaping policy debates like the House of Lords inquiry into large language models and generative AI (which can create text, images or other content). There’s also the […]

Tags: Barclays

Global

AI-Trained Payments Fraud Detection System Under Works, RBI Says

NDTV Profit

“The Reserve Bank of India is developing an artificial intelligence-trained fraud detection system to alert bank account holders about potential risky transactions to curb fraud. “It is in an experimental stage. We are making the software,” Governor Sanjay Malhotra said in a press conference after the Monetary Policy Committee on Wednesday. The RBI’s under-development ‘Digital […]

Tags: India

Companies

Who Will Pay for Tariffs? Businesses’ Expectations about Costs and Prices

Federal Reserve Bank of Boston

“Amid evolving global trade policy and rising tariff uncertainty, understanding how small and medium-sized businesses (SMBs) form expectations about future costs and adjust their pricing is critical for assessing how the recently imposed tariffs on US imports could impact consumer prices. To that end, we analyze several waves of a survey of owners and other […]

Tags: Federal Reserve

Industry

The Risks from Allowing Stablecoins to Pay Interest

Bank Policy Institute

“Stablecoins are digital assets designed to maintain a stable value, primarily pegged to the U.S. dollar. The recently passed GENIUS Act, prohibits stablecoin issuers from paying interest. There are at least two broad reasons to be concerned about potential rapid growth in stablecoins. First, if backed by government securities, stablecoins would reduce demand for bank […]

Companies

Signifyd Launches Intelligent Returns to Help Retailers Tackle the Growing Returns Challenge

Business Wire

“Signifyd unveiled Intelligent Returns, a two-solution suite designed to help retailers in the UK and Europe tackle the growing complexity and cost of returns with two new solutions. Instant Refunds provides retailers with real-time advisory recommendations (Advisory Notices) at key points such as label creation or carrier scan. Returns Insights gives a comprehensive look at […]

Tags: Signifyd

Industry

Banks Respond to CFPB’s Reopened Section 1033 Rulemaking

Bank Policy Institute

“The Consumer Financial Protection Bureau today took a concrete step to comprehensively reexamine its prior 1033 rulemaking by issuing an advance notice of proposed rulemaking seeking input on particular issues related to implementation of Section 1033.”

Industry

Treasury Issues Request for Comment Related to the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act

Treasury

“The U.S. Department of the Treasury issued a Request for Comment required by the GENIUS Act, which furthers the Administration’s policy of supporting the responsible growth and use of digital assets, as outlined in Executive Order (E.O.) 14178 on “Strengthening American Leadership in Digital Financial Technology. In particular, Treasury asks commenters about application program interfaces, artificial intelligence, digital […]

Companies

Airbnb Launches “Reserve Now, Pay Later” for US Stays

Dataconomy

“Airbnb has launched a “reserve now, pay later” feature for US users, enabling them to book accommodations without immediate upfront payment. This option allows guests to defer the full payment until a later date preceding their check-in. The company stated that the payment must be completed before the conclusion of a booking’s free cancellation window. This policy ensures that […]

Tags: Airbnb

Companies

Citigroup Considers Custody and Payment Services for Stablecoins, Crypto ETFs

Reuters

“Citigroup is exploring providing stablecoin custody and other services, a top executive told Reuters, in a further sign sweeping policy changes in Washington are spurring major financial firms to expand into the cryptocurrency business. The U.S. bank is among a handful of traditional institutions, including Fiserv and Bank of America, considering pushing into stablecoins after […]

Tags: Citi

Industry

White House in Crypto Policy Report Calls for SEC Action, New Legislation

Reuters

“A cryptocurrency working group formed by President Donald Trump on Wednesday outlined the administration’s stances on market-defining crypto legislation and called on the U.S. securities regulator to create new rules specific to digital assets. In a factsheet ahead of a landmark report, the White House urged Congress to move forward with legislation that would create […]

Industry

A Fair Exchange: Why Data Aggregators Should Pay to Access Bank APIs

Bank Policy Institute

“The banking sector is investing heavily in digital infrastructure and technological capabilities to expand the products and services available to customers and to increase the speed, safety and efficiency of modern banking. These investments help power a wide range of services, such as mobile banking and peer-to-peer payments. They also contribute to the development of […]