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PARIS— The Financial Action Task Force (FATF) is warning that decentralized finance (DeFi) is becoming an increasingly attractive tool for fraudsters, ransomware operators, professional money laundering networks and sanctions evaders, while finding that most countries have yet to implement global anti-money laundering standards governing the fast-growing sector.

NEW YORK--State attorneys general are increasingly using existing consumer protection, licensing and privacy laws—not AI-specific statutes—to crack down on companies that overstate artificial intelligence capabilities or expose consumers to harm, according to a Troutman Pepper Locke analysis reported by PYMNTS.

SAN ANTONIO— Hundreds of members of Randolph-Brooks FCU were targeted by impersonation scams during the second quarter of 2026, and multiple victims who lost thousands of dollars say the credit union has denied their reimbursement claims, according to KENS 5.

SAN FRANCISCO—Chime Financial is laying off about 150 employees, or roughly 10% of its workforce, as the digital banking company restructures around artificial intelligence and the demands of operating as a public company, according to reporting by Bloomberg and PYMNTS.