Fighting fraud at the holidays; CFPB acts against Google's payments arm; what Sacks could do for AI

Banks offer scam advice in time for the holidays: The holiday season presents online shopping and charity scam risks, and this year presents a novel threat of AI-assisted fraud. Here's how banks are helping their customers avoid these schemes.

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Fed's Bowman: Regulators 'have not stepped up' to stop fraud: Federal Reserve Gov. Michelle Bowman said regulators — chief among them the Fed itself — need to do more to combat check fraud, particularly the problem of smaller banks not being reimbursed by larger banks whose checks are altered.

CFPB places Google's payments arm under federal supervision: The Consumer Financial Protection Bureau said that, although the Google Pay app has been discontinued, the bureau can make the determination based on past behavior, and that the tech giant could decide to reenter the person-to-person payment space.

Industry leaders optimistic about AI and crypto czar David Sacks: With a business-friendly crypto and AI overseer, observers expect a softer government approach to tech projects and partnerships.

CFPB lawsuit is just the latest regulatory headache for Comerica: The Dallas-based bank has a growing list of legal and regulatory issues — some of them connected to its role in a U.S. government benefits program, and others not.