Deutsche Bank, ING among targets of phishing kit for novices
Part of the growing “phishing-as-a-service” economy, the Spiderman kit offers novice hackers sophisticated tools to target customers of major EU institutions.
Young bank customers are more satisfied than seniors: Survey
Banks may need to offer people over the age of 65 more than just digital experiences, according to an executive at J.D. Power, which surveyed more than 11,000 retail banking customers.
Democratic AGs hire former CFPB Director Chopra
Rohit Chopra is named senior advisor to the Democratic Attorneys General Association’s working group on consumer protection and affordability; Flagstar Bank adds additional wealth-planning capabilities to its private banking division; Chime promotes three members of its executive leadership team; and more in this week’s banking news roundup.
Trump executive order seeks to gut state AI laws
In a move some industry observers call “dangerous and irresponsible,” the administration is taking down consumer protection guardrails that have been put up by states like California and Colorado.
OCC grants national trust charters to five crypto firms
The Office of the Comptroller of the Currency Friday approved national trust charter applications for five crypto firms, affirming the administration’s push to allow crypto companies the ability to take deposits.
Consumer behavior is shifting; can banks keep up?
As shoppers embrace new forms of AI, crypto and alternative financing, payment experts say financial institutions will need to reassess traditional payment products.
Fed’s Goolsbee, Schmid lay out case for interest rate pause
Kansas City Federal Reserve President Jeffrey Schmid and Chicago Fed President Austan Goolsbee said in statements Friday that their dissents from this week’s interest rate decision were spurred by inflation concerns and a lack of sufficient economic data.
Sunshine Act Notice: FDIC Board of Directors Meeting
SUNSHINE ACT MEETING NOTICE The FDIC Board of Directors will meet in an open session: Date and Time: Tuesday, December 16, 2025, at 10:00 a.m. ET Place: The Board meeting will be open to public observation by webcast. Members of the media should contact the Office of Communications by Monday, December 15, at MediaRequests@FDIC.gov to attend […]
Looking beyond KYC, banks now need to ‘know your agent’
Know-your-customer rules are a longtime fixture of bank compliance regimes, but as autonomous AI “agents” increasingly access banking systems, new rules for verifying their status are desperately needed.
Senate Dems press for oversight hearing before year-end
Leading Democrats on the Senate Banking Committee sent a letter to Chair Tim Scott, R-S.C., pointing out the as-yet unsatisfied legal requirement for prudential regulators to appear in Congress semiannually.