At the invitation of the Washington State Senate, CUNA Mutual Group testified before the Financial Institutions, Housing & Consumer Protection Committee on the issue of consumer protection, identity theft and the internet. The Senate Committee requested the guidance of industry experts to help determine what future legislation could prevent and reduce identity theft as the fastest growing crime in the world. Senior Risk Management Specialist, Tom Southern, represented CUNA Mutual Group and the credit unions. Southern testified about the problems credit unions face and the solutions they are implementing to counteract identity theft.
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Constellation Software subsidiary CORA Group rebranded its U.S. core banking service as regulators are looking to inspect core vendor relationships.
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Banks have embraced artificial intelligence for years. Now, after a week of dire warnings about the technology's risks, executives at two big banks are calling for caution and calm.
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More depositories are getting involved in the securitized market and the competition is likely to add to expense management challenges of smaller balance loans.
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Consumers' spending and payment behaviors were "holding very firm" despite inflationary pressures, Synchrony Chief Financial Officer Brian Wenzel said at the Barclays Global Financial Services Conference.
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Sen. Elizabeth Warren sent a request for information to the National Association of Insurance Commissioners about state regulators' efforts to address private equity ownership of life insurance companies.
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Advisors are still slow to plan for handing down their businesses, in part because of difficulties finding new owners they can trust.
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