Federal Reserve chair nominee Kevin Warsh told lawmakers today that emerging technologies, including artificial intelligence (AI) and digital assets, are rapidly reshaping the U.S. economy and will require significant changes in how the central bank operates.  […]

As the digital assets market continues to grow, the White House has placed “urgency” on researching a potential U.S. Central Bank Digital Currency (CBDC) and the cybersecurity risks and benefits that come with it, according to a White House official. […]

The Government Accountability Office (GAO) is prodding the Federal Reserve System to take action on a GAO recommendation dating back to 2018 on the use of alternative data in underwriting processes. […]

Federal government financial regulators are seeking comment on a proposed rule looking to increase accountability for banks that experience cybersecurity incidents by implementing requirements that they report incidents to their primary regulators within 36 hours of discovery. […]

Rep. Patrick McHenry, R-N.C., on Sept. 24 introduced H.R. 4458, the Cybersecurity and Financial System Resilience Act of 2019, to combat cybersecurity threats facing the Federal Reserve System. […]

Synthetic identity theft has become the fastest growing type of financial crime in America and is often unreported and difficult to detect, according to a new Federal Reserve white paper. […]