Ally Financial has launched Ally.ai, a proprietary, cloud-based artificial intelligence (AI) platform that allows the bank to integrate any type of AI capability, including generative AI and large lan...
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The Securities and Exchange Commission (SEC) has charged a leading ride share company with a disclosure violation. The SEC charged Lyft Inc. for failing to disclose a company board director’s ro...
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Citi Treasury and Trade Solutions (TTS) has launched a new service aimed at facilitating cash management and trade finance for institutional investors. This new service, Citi Token Services, uses ...
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The Consumer Bankers Association (CBA) is one of 11 trade associations that have raised their voices in opposition to an effort to attach the Credit Card Competition Act to an appropriations bill. ...
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U.S. Reps. Bill Johnson (R-OH) and Dean Phillips (D-MN) have introduced legislation would require the Department of Commerce to study the impact of technology startup companies on the economy. The Ad...
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A new survey and economic analysis from the U.S. Chamber of Commerce looks at the impact that technology platforms have on small businesses and the economy. This analysis found that high technology a...
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U.S. Sen. Sherrod Brown (D-OH) is urging federal financial regulators to strengthen transparency in cryptocurrency markets. Brown said that the current lack of full disclosure about digital assets pr...
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Many retirement investors are prioritizing retirement income and asset protection more than growth, according to new research from the Insured Retirement Institute (IRI). The study, which polled f...
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A group of U.S. senators introduced legislation this week that would gradually raise the federal minimum wage to $11 per hour and mandate the use of E-Verify to ensure the wage increase only goes to l...
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The Securities and Exchange Commission (SEC) has proposed new rules to improve access to and management of accounts on its EDGAR system. EDGAR, which stands for the Electronic Data Gathering, Anal...
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U.S. Rep. Tom Emmer (R-MN) introduced legislation that would halt the Federal Reserve from issuing a central bank digital currency (CBDC). Emmer’s CBDC Anti-Surveillance State Act prohibits the F...
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The Securities Industry and Financial Markets Association (SIFMA), along with the SIFMA Asset Management Group are among 26 associations urging the Securities and Exchange Commission (SEC) not to adop...
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U.S. Sens. Ron Wyden (D-OR), Sherrod Brown (D-OH), and Bill Cassidy (R-LA) introduced legislation to reform the Supplemental Security Income (SSI) program. The SSI Savings Penalty Elimination Act w...
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The Federal Housing Finance Agency (FHFA) is rolling out more opportunities for the public to engage with it on the transition to updated credit score models and credit report requirements for loans a...
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CME Group, the world's leading derivatives marketplace, got approval from federal regulators for its enhanced cross-margining arrangement with the Depository Trust & Clearing Corporation (DTCC). Th...
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The Consumer Bankers Association and the Bank Policy Institute reached out to federal government agencies on what they perceive as misconceptions about medical payment products. The misconceptions ...
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The Insured Retirement Institute (IRI) said modifications should be considered for a proposed model from the National Association of Insurance Commissioners (NIAC) on insurers’ use of algorithms, pr...
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The Federal Deposit Insurance Corporation (FDIC) released an internal review evaluating the agency’s supervision of First Republic Bank, which failed earlier this year. The report, conducted by F...
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The Internal Revenue Service (IRS) has begun an initiative to improve tax compliance among high-income earners, partnerships, large corporations, and promoters abusing the nation's tax laws. The ef...
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The Consumer Financial Protection Bureau (CFPB) issued a new report Thursday looking at the impacts companies like Apple and Google have had on payment systems from mobile devices like smartphones and...
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