PHOENIX – Desert Schools FCU said it is throwing a three-day CARnival auto sale through the weekend with Enterprise Rent-A-Car which will benefit the local children’s hospital. Enterprise will donate $150 in the credit union’s name to Phoenix Children’s Hospital each time a credit union member finance their auto loan through Desert Schools. Enterprise will also give away $150 gas cards to participating credit union members.
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The legislation would let merchants, as well as banks and credit unions, round cash transactions to the nearest nickel, part of the administration's effort to discontinue the penny.
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Federal Reserve Gov. Michael Barr said artificial intelligence has not yet had a material impact on the labor market, but governments and businesses should be prepared nonetheless.
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The Securities and Exchange Commission issued a notice reminding companies to be rigorous in valuing private credit-related assets and disclosing their valuation techniques to investors.
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The Federal Reserve's top regulator said Tuesday that bank boards, managers should be active in preventing cyber incidents, but supervisory oversight needs to be tailored by size and complexity.
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Citi has been spending a lot of time recently trying to help its customers release trapped liquidity, CEO Jane Fraser said during the keynote address at Sibos in Miami.
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The American public has soured on AI amid dire warnings about the technology's safety. But at banks, the approach is still full steam ahead.
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