Artificial intelligence is rapidly transforming financial fraud, giving criminal organizations the ability to generate convincing scams at unprecedented scale. But according to a report issued last week by Republicans on the House Financial Services Committee, AI can also provide financial institutions and government agencies with...
Sen. Mark Warner (D-Va.) has unveiled a package of legislation that would expand federal oversight of AI across financial markets, banking, consumer services, critical infrastructure and national security. In a speech on the Senate floor, he said Congress needs to establish regulatory guardrails before the...
A new report by House Republicans argues that fraud and scams have reached “unprecedented” levels. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...
The House passed a bill Monday (July 20) that its supporters said would improve federal technology procurement. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our...
June 09, 2026
The title of Tuesday’s House Financial Services Oversight and Investigations Subcommittee hearing pointed toward Chinese money laundering networks and cartel financing. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing […]
May 21, 2026
Criminals are not waiting for regulators to modernize anti-money laundering rules, and that asymmetry shaped a House hearing that exposed a larger divide than where to set reporting thresholds. Get...
March 17, 2026
Financial data now circulates through banks, FinTech platforms and intermediaries in ways that stretch beyond the structure of existing privacy law, banking and FinTech executives said Tuesday (March 17), raising...
June 17, 2025
U.S. President Donald Trump, who has referred to himself as America’s first “crypto president,” wanted stablecoin legislation to reach his desk prior to the Congressional recess in August. Get the...
July 29, 2026
Rep. Stephanie Bice (R-Okla.) has requested funding for an artificial intelligence agent that will help U.S. House staff find information, interact with the chamber’s systems and data, and support the development of customized skills and tools. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS […]
July 22, 2026
A new report by House Republicans argues that fraud and scams have reached “unprecedented” levels. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
July 21, 2026
The House passed a bill Monday (July 20) that its supporters said would improve federal technology procurement. Get the Full Story Complete the form to unlock this article and enjoy...
July 15, 2026
The House of Representatives passed bills Tuesday (July 14) that formally end production of the penny, reform the bank acquisition process and prohibit merchant category codes that specifically identify firearms...
