PayThink

The recent leadership turmoil at OpenAI underscored the importance of the due diligence banks must conduct before working with a generative artificial intelligence vendor.

Financial services companies are still in the early days of utilizing artificial intelligence, meaning they must closely examine any partnership with a third party. This includes demanding evidence to back up any performance claims these outside companies make.

The Center for Responsible Lending calls for states to continue to police high-cost lenders rather than facilitating their growth.

After a 2023 that witnessed several significant bank failures, here's how bank regulators should be thinking about the danger of bank runs, and structuring their supervision, going forward.

A former comptroller of the currency assesses last year's turmoil in the industry and charts a path forward including advancements in regulation.

The next few years will mark the transition of sustainable finance in Latin America through its adolescence and towards maturity.

Banking regulators' push for higher capital for the largest banks may very well pass in some form, but before it does, there needs to be an articulated plan for tackling the migration of banking activities out of the banking system.

The CFPB is well within its authority to make these changes, which will increase the availability of credit to many Americans.

The former treasurer of FMC Corp. worries that the proposed new capital rules will translate into higher costs for corporate borrowers and reduced access to key types of financing options.

January is Human Trafficking Prevention Month, and the financial services industry should take the opportunity to step up for survivors.