by Ken Chase | Feb 27, 2023 | Banks, News
A group of U.S. regulatory agencies released a joint statement this week, calling on the nation’s banks to be vigilant to potential liquidity risks associated with cryptocurrency. The statement urged financial institutions to focus on implementing tools and systems to...
by Ken Chase | Feb 26, 2023 | Banks, News
Several major banks have reportedly decided to restrict the use of OpenAI’s ChatGPT chatbot by their employees, according to a report this week from Bloomberg. The banks are apparently concerned about an array of issues related to the technology, including concerns...
by Ken Chase | Feb 23, 2023 | Banks, News
The Federal Deposit Insurance Corporation (FDIC) Office of Inspector General (OIG) recently delivered a report outlining the key challenges faced by the agency in the coming years. The report focuses on problems that the FDIC will need to address to successfully do...
by Ken Chase | Feb 21, 2023 | Banks, News
A newly legislative proposal to block the Biden administration’s efforts to increase IRS powers to force banks to disclose private bank account information to the Internal Revenue Service has received support from both the US Chamber of Commerce (the Chamber)...
by Ken Chase | Feb 21, 2023 | Banks, News
Major banks have recently weighed in with their expectations for additional Federal Reserve interest rate hikes, forecasting that the central bank will raise those rates three more times before the end of 2023. That’s according to Reuters, which cited predictions from...
