Wells Fargo and the AI Bill of Rights; Fed's Bowman + community banks

Small banks will be spared from holistic capital review: Fed's Bowman: Federal Reserve Board Gov. Michelle Bowman told a group of Tennessee bankers that the review is warranted but says many banks already have plenty of capital. She also touched on ESG, transparency and central bank digital currencies.

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Nominations are now open for the Most Powerful Women in Banking and Finance 2023.

How do real-time payments work? The Clearing House has operated its RTP network for about six years, and the FedNow rail is expected to launch later this year. Here's a look at the nuts and bolts of instant money movement, and how the two systems are different.

NCUA rejects North Dakota credit unions' bid to recoup funds: The NCUA said 28 credit unions in North Dakota have failed to provide proof that they have a legal right to nearly $14 million related to the Corporate Stabilization Program.

How Wells Fargo is deploying the White House's AI Bill of Rights: The government set forth five principles companies should follow when they use artificial intelligence. Chintan Mehta, CIO of strategy, digital and innovation at Wells Fargo , shares how one of the largest banks does it.

Read more in regulation: Banks loudest in chorus of critiques of FinCEN access rule. Amid the clamor over the agency's new beneficial ownership database, banks want FinCEN to withdraw the rule.

Ex-bank president in North Dakota gets prison time after guilty plea: Brady Torgerson, former president of First Security Bank - West , was sentenced to two years in federal prison after pleading guilty to fraud at two banks.