Who Is Most Affected by Fraud? A New Analysis Sheds Light Understanding the characteristics of fraud victims is crucial to making policy that combats fraud and protects consumers. A new BPI post, the second in a three-part series summarizing recent BPI research using the CFPB’s Making Ends Meet Survey about consumer financial well-being, explains the demographic …

This post is the second in a series. To read the first post, click here. In this addendum, we apply the same analysis we used in “Are Central Bank Financial Stability Reports Useful? An AI-Based Analysis” to the case of the Swiss National Bank (SNB). SNB has been publishing an annual Financial Stability Report since …

This post is the second in a series. To read the first post, click here. This post is the second in a series summarizing recent BPI research that uses a new module of the Consumer Financial Protection Bureau’s (CFPB) Making Ends Meet Survey (MEMS) to study fraud and scams from the consumer perspective.[1] The previous …

Washington, D.C. — The Federal Reserve’s anti-money laundering and countering the financing of terrorism program proposal diverges from its counterpart proposals from the other banking agencies, promoting inconsistency in AML/CFT examination, the Bank Policy Institute and The Clearing House Association said in a comment letter today. While significant parts of the Fed’s proposal align with constructive measures …