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Banker Briefing for the Week of
July 27, 2026
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In Case You Missed It...
Highlights from last week's BankersOnline Daily Compliance Briefings.
States regulating automated decision-making tech
Recent state legislation focuses on regulating "automated decision-making technology" (ADMT) used to make certain decisions about consumers, including credit underwriting decisions. The California Consumer Privacy Act, for example, will now apply to a business's use of ADMT, which is defined in the California law as “any technology that processes personal information and uses computation to replace human decision-making.”
MORE ...
House passes Main Street Capital Access Act
The House of Representatives has passed the Main Street Capital Access Act (H.R. 6955) in a 270-155 vote. The bill seeks to boost community banking through tailored regulation and by encouraging de novo bank formation. The legislation now heads to the Senate. MORE ...
Treasury blocking payments to deceased individuals
The Treasury Department and the Bureau of the Fiscal Service have announced the successful implementation of a new government-wide payment verification process that helps stop federal payments from being sent to deceased individuals. To date, Treasury has screened over 885 million payments totaling approximately $2.77 trillion as part of the new payment verification process. The screening has identified more than 4,900 payments worth approximately $99 million that were associated with deceased payees. MORE ...
Joint statement on handling sensitive info during examinations
The Federal Reserve Board, FDIC, and OCC have issued a joint "Statement regarding Coordinated Federal Banking Agency Approach for the Handling of Highly Sensitive Information During Examinations," such as reviewing materials on-site rather than transferring them onto agency systems. MORE ....
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The following topics are featured in the Deposits/Operations Section:
- Commercial deposit growth
How can banks and credit unions prevent commercial account attrition?
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Did you know?
Dodd-Frank Section 1071 is prompting banks and credit unions to take a closer look at data governance, lending workflows, and reporting processes to support small business lending transparency. Download a self-assessment to see where your institution stands.
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The following topics are featured in the Security Section:
- Embezzlement: The Threat That's Already Inside the Building
When financial institutions discuss fraud, the conversation often centers on cyberattacks, phishing campaigns, ransomware, and organized criminal groups.
- Cross-channel fraud visibility
Why is cross-channel fraud visibility important for financial institutions?
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Read the Latest Issue of Tech Talk
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Rapid loan processing tech
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