BankThink

Two former chairmen of the Independent Community Bankers of America take issue with the trade group's decision to support legislation that would dramatically increase federal deposit insurance levels.

As AI makes financial scams more and more convincing, banks would do customers a real service by allowing them to opt in to dual approval of transactions above certain dollar limits.

Passing a federally mandated stress test is table stakes in risk management. Banks need to be proactive about designing and implementing stress tests that consider a wide range of scenarios, with a particular focus on tail risks.

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.

Banks are struggling to integrate artificial intelligence into their operations, and one of the major stumbling blocks is regulatory uncertainty. Supervisors need to set clear rules of the road as soon as possible.

The administration's haphazard overhaul of financial regulatory bodies has produced confusion and uncertainty. What regulators should be prioritizing now is bringing a sense of stability to the industry.

The supersonic Concorde was one of aerospace technology's greatest achievements. However, its ultimate commercial failure should be a lesson for those pushing AI into banking. Advanced technologies often develop faster than consumers' ability to benefit from them.

A comment deadline is approaching on a proposed Consumer Financial Protection Bureau rule that would dismantle longstanding rules meant to protect minorities from discrimination in the market for credit.

A proposed increase to federal deposit insurance levels for certain business accounts is a necessary reform that will support community banks and the communities they serve.

As artificial intelligence boosts productivity gains, there is a danger that additional profits will accrue only to investors, leaving workers in the dust. A "10% for the people" tax could allow everyone to share in AI's benefits.