In|Vest 2018 Direct

Rep. Roger Williams, chairman of the House Small Business Committee, says Small Business Administration is considering allowing borrowers to self-certify eligibility for loans, a step some believe could lead to more fraud. The agency declined to say whether that is one of the changes it's considering.

The four agencies did not issue new regulatory guidance but instead cited previous concerns about the potentially harmful uses of automated systems — including AI — that could contribute to unlawful discrimination.

Brian David Hall is the author of Your Website Sucks, Here's How To Fix It and has run hundreds of experiments across dozens of websites, generating millions in incremental revenue. You can see more of his work at briandavidhall.com/cpa.

The central bank believes it needs authorization to issue a digital dollar, but others say the hurdles to implementation are much lower.

CEO Rajinder Singh said battered competitors are "throwing off" both talent and customers, creating a chance for the Miami Lakes, Florida, bank to pick up new business.

The Financial Stability Oversight Council is clearing the administrative road to designate nonbank firms and activities as systemically risky, but if it wants those designations to stick it needs the public on its side.

The banking industry and consumer advocates praised the Financial Stability Oversight Council's move to reinvigorate its authority to regulate nonbanks. But that effort is going to take time and is guaranteed to face political headwinds.

Dallin Earl is an associate at the law firm Covington & Burling.

Judy Mok is of counsel at the law firm Covington & Burling.

First Republic Bank is exploring divesting $50 billion to $100 billion of long-dated securities and mortgages as part of a broader rescue plan, according to people with knowledge of the matter.