Fresh Today

Fresh Today
 

WASHINGTON— The White House on Friday released a new national policy framework for artificial intelligence that urges Congress to take a light-touch approach to federal AI legislation while calling for stronger support for law enforcement efforts against AI-enabled fraud and scams, according to the White House and multiple news reports.

 

WASHINGTON— With federal banking regulators moving this week to overhaul bank capital rules, the Defense Credit Union Council is urging NCUA to launch its own broad review of credit union capital and net worth requirements, warning that credit unions could be left at a competitive disadvantage if banks receive relief while CUs remain under an older framework.

WASHINGTON— President Donald Trump’s effort to replace Federal Reserve Chair Jerome Powell could end up keeping Powell in place longer, after a Justice Department investigation into Powell’s past Senate testimony has stalled the confirmation of former Fed official Kevin Warsh as his successor, according to the Associated Press.

SAN FRANCISCO— A proposed class action filed in California federal court is accusing JPMorgan Chase Bank, N.A. of helping enable what investors say was a $328-million cryptocurrency fraud tied to Florida-based Goliath Ventures Inc., adding a major bank-liability twist to one of the more prominent crypto enforcement cases now moving through federal court.

SAN DIEGO— For months, the implosion of the proposed merger between California Coast Credit Union and San Diego County Credit Union has played out in court filings, regulatory correspondence and a steady stream of trade press coverage, turning what began as a celebrated “merger of equals” into one of the most closely watched and public credit union disputes in years.