IBAT Spurs D.C. Response on Check Fraud

In August, IBAT President and CEO Christopher L. Williston sent a letter to the members of the House Financial Services and Senate Banking Committees urging action to address the pervasiveness and...

Texas House Leaders Release AI Oversight Bill

Last week, leaders in the Texas House of Representatives released a comprehensive bill to address the advancement of Artificial Intelligence (AI) technology and the potential negative effects of AI on consumers....

Major Crypto Platform Investigated for AML Violations

In news that will surprise absolutely no one, The Wall Street Journal reported last week that the cryptocurrency company, Tether, is being investigated for violations of international sanctions and anti-money laundering...

“Open Banking” Rule Challenged by Big Banks

The Consumer Financial Protection Bureau (CFPB) recently issued a final rule implementing section 1033 of the Dodd-Frank Act, which promises to give consumers more control of their financial data....