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GRIP Extra: Regulators lower US lower community bank leverage ratio, DOJ seizes $700m from scam center

Montage of a man crossing the street in rush hour.
GRIP Montage: Getty Images

Our in-brief roundup of notable stories from the last week.

United States

AI

The OCC’s updated model risk guidance says AI is generally outside its scope, while the OCC, Fed and FDIC plan a future request for information addressing banks’ use of AI.

Cybersecurity/data

DOJ’s Scam Center Strike Force announced a crackdown on a Chinese scam center