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Home prices are rising and first-time buyers now account for an increasing share of sales, factors that could lead to a surge in defaults during the next economic downturn.

Mike Walsh, former CEO of Jefferson County Bancshares, has become a director at St. Louis Bank.

Through a new partnership with the Military Spouse Advocacy Network, the trade group will help provide training, videos and classes to the spouses of service members.

The CFTC's plan to walk back rules for swap-trading platforms will give big banks a leg up and hurt asset managers looking for better prices and more transparency, according to Citadel Securities, one of the world's biggest trading firms.

Since banks are under constant attack by hackers, the startup XM Cyber is offering them a simulator that seeks to do its virtual worst in order to prevent a real breach.

Customizing the customer experience will help credit unions keep up with evolving trends in service.

Credit unions could see a host of new growth opportunities from the online retailer's new headquarters, but concerns remain surrounding housing prices and infrastructure.

The information you need to start your day, from PaymentsSource and around the Web. Today: The government encourages AI to fight money laundering; Amazon's drones still a work in progress; Klarna's CEO has fighting words for banks; T-Mobile takes another shot at financial services.

While equity prices drop an average 5% at big banks, bosses express confidence in the U.S. economy; the bank appoints new managers in payments, consumer banking and marketing.

It's commonly thought that retailers are loath to upgrade the point of sale as the holidays approach, since they don't want to introduce any variables that could lead to lost sales.