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February 14, 2025 |
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 Features
The Federal Reserve has released the hypothetical scenarios for its annual stress test, which is designed to ensure that large banks can lend to households and businesses even in a severe recession. The Fed also released two hypothetical elements designed to probe different risks through its "exploratory analysis" of the banking system. The exploratory analysis will not affect bank capital requirements.
Questions in this edition address the one-year rule for merged banks, as well as understanding a practical application of the Americans With Disabilities Act.
A recent study of 2,000 U.S. and U.K. residents found that the vast majority of participants couldn’t distinguish between real content and deepfake images and video. In research conducted by the biometric identity verification provider iProov, only 0.1% identified all deepfake and real media presented to them, even after they were told some of the media would be fake.
As policymakers develop a regulatory framework for digital assets, they should apply the principle of "same activity, same risk, same regulation" and ensure the resulting ecosystem operates with safeguards that appropriately mitigate financial stability and consumer protection risk, the ABA told House lawmakers.
President Trump confirmed that he plans to close down the Consumer Financial Protection Bureau, which he said "was set up to destroy some very good people." CFPB staff were ordered to cease all activities and stay home as their bureau’s offices in Washington, D.C., would be closed this week.
The ABA has endorsed bipartisan legislation to extend the Corporate Transparency Act’s beneficial ownership information reporting deadline by one year until Jan. 1, 2026. The House voted 408-0 in favor of the bill.
Bank regulators have been "frustratingly slow" in advancing their efforts to fight fraud, "and seem to have done little to address the underlying root causes of this increase in fraud," Federal Reserve Governor Michelle Bowman said in a speech to the Kansas Bankers Association.
TrainingFebruary 20 February 26 February 27 March 17 - 20 March 17 - 21 March 17 - 21 March 19 |
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