Customers are letting AI agents use their credentials to access accounts at Morgan Stanley, JPMorgan, and other major U.S. banks, sometimes without direct instructions. Morgan Stanley has blocked agents, while other banks are restricting access. Most plan to limit agents to read-only access.

The article Major US banks are locking out AI agents that log in with customer credentials appeared first on The Decoder.

The Board of Governors of the Federal Reserve System (Board) proposes to issue regulations to implement the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act) with respect to Board-supervised permitted payment stablecoin issuers (PPSIs) and certain other entities that are subject to the Board's jurisdiction. In addition, the Board proposes to issue regulations to implement the prohibition on tying in section 4(a)(8) of the GENIUS Act, which is applicable generally to all PPSIs.