REGULATION · US
House panel advances payments fraud bills giving banks new AI and data-use flexibility
The House Financial Services Committee advanced legislation granting banks greater flexibility to combat payments fraud, expand consumer credit history data sources, and establish a national earned wage access framework.
WHY IT MATTERS
Regulatory tailwind for fraud-detection AI deployment; expanded data inputs reduce model training friction and legitimize alternative credit signals for underwriting.
Source: PYMNTS · 2026-06-30