Banking on Disruption Daily for Wednesday the 2nd of October, 2024

- Federal Reserve ends an 11-year-old enforcement action against Citigroup, marking improvements in their compliance controls.

- Federal Reserve Governor Lisa Cook calls for a unified regulatory approach to mitigate AI risks in financial services.

- Federal Housing Finance Agency proposes changes to enhance liquidity and strengthen financial operations for the Federal Home Loan Banks.

- CFPB targets illegal practices by medical debt collectors, proposing a rule to prevent unsubstantiated bill reporting.

- Mastercard acquires Minna Technologies to streamline subscription management via banking applications.

- Digital Federal Credit Union and First Tech Federal Credit Union announce a merger, creating a $28.7 billion entity to foster innovation.

- OpenAI expands voice assistant capabilities, enabling third-party app integration, showcased at their recent developer event.