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A bipartisan group of senators has asked IRS Commissioner Daniel Werfel to take steps to foil tax scams generated by AI tools such as deepfakes and chatbots.
In light of recent bank failures, the Federal Deposit Insurance Corporation (FDIC) issued a report recommending an expansion of its regulatory authority as a means of preventing bank runs.
Federal regulators raced over the weekend to rescue the failed First Republic Bank, seizing it and selling it to JPMorgan Chase.