Technology
Scarlett Sieber, chief information officer of Opus Bank

Scarlett Sieber will be based in the bank’s Labs division, working on forging partnerships with fintech firms.

Carol Juel, CTO and COO, Synchrony Financial

The bank's chief technology officer is testing several ideas for using advanced AI to improve processes and customer experience.

Lisa Cook

Federal Reserve Gov. Lisa Cook, citing several studies, outlined her concerns Thursday that generative AI could be used to manipulate markets, and regulators have not yet thought through how to police such activity.

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Infographic of employer-sponsored loans showing steps from request to credit building and emergency savings.

Affordability concerns are driving consumer demand for short-term liquidity products like earned wage access. A similar, credit union-backed lending alternative is gaining popularity as a way to amass new customers and, for banks, CRA credit.

Michelle Bowman

Federal Reserve Vice Chair for Supervision Michelle Bowman said in a speech Monday morning that the central bank will introduce two capital proposals that she said are aimed at boosting banks' role in the mortgage market.