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In a win for credit card issuers, a lawsuit challenging the Consumer Financial Protection Bureau's $8 credit card late fee rule will remain in a Texas court and not be transferred to Washington, D.C.
June 20 -
Financial services professionals should be in the business of normalizing discussions about personal finance. The result will be a more financially literate population, and that's good for everyone.
June 20 -
Chinese and Russian hackers recently accessed government and company executives' email accounts, bringing scrutiny to the tech giant's security practices.
June 19 -
All cultures have explicit and implicit biases. Preventing discrimination when large language models are involved starts with using high-quality human-curated data and text.
June 19Kasisto -
AI tools, such as large language models, offer the promise of increased efficiency; but they also carry with them potential legal and regulatory risks. Financial service providers will need to find a way to strike the right balance as technological advancements continue to emerge.
June 19Jenner & Block -
The collateral that supports commercial and industrial loans is generally weaker than in commercial real estate, where banks can take over a devalued office building. Analysts say the loans merit a closer look as commercial bankruptcies rise.
June 19 -
The Biden administration should widen the scope of its junk fee initiatives and provide small- and medium-size businesses with relief from excessive international payments charges.
June 19 -
A London judge has issued an order that could lead the bank to sell the Greek fintech, while two large French financial institutions plan to build a processor.
June 19 -
A new debit card, a panel discussion and a concert are among the ways banks are commemorating the end of slavery in the U.S.
June 19 -
The Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency issued proposals to update their bank merger review guidelines, but public comments reflect radically different attitudes from stakeholders about how high the bar to mergers should be.
June 18