WASHINGTON—The House Financial Services Committee will hold a hearing on the Home Mortgage Disclosure Act July 25. Mortgages and housing, in light of ongoing softening of the real estate market combined with a bevy of adjustable rate mortgages shifting up to higher rates, have been hot issues on Capitol Hill, where the same committee is holding a hearing today on The National Affordable Housing Trust Fund Act.
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.
The CEO of a Michigan credit union was ousted after an AI-altered photo of her family wearing "Lake America" sweatshirts went viral, drawing criticism from Canadians.
A Senate report found that 84% of 846 sanctioned Iran-linked wallets ran on USDT.
As regulators lower regulatory hurdles, many advisors are seeking greater access to private investments, while asset managers and fintechs are trying to eliminate technical barriers keeping regular investors out.
Private-placement life insurance can offer tax-free growth and alternative investments for ultrawealthy clients, but advisors warn it isn't right for everyone who can afford it.
Betterment Advisor Solutions, formerly Betterment for Advisors and Betterment Institutional, is changing its platform fees into a tiered rate that begins at 0.20% for advisory practices with less than $10 million in the business, Betterment CEO Sarah Levy says.
