Several leading financial groups, including the Consumer Bankers Association (CBA), voiced their opposition this week to a bill introduced in the U.S. Senate that would cap credit card interest rates....
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On Tuesday, the Consumer Financial Protection Bureau (CFPB) released guidelines for lenders to adhere to when using artificial intelligence and other models to deny consumers credit. The guidance ...
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A bipartisan group of House legislators on the Ways and Means Committee is urging the federal authorities to combat Canada’s unilateral imposition of a digital services tax (DST). The lawmakers,...
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Intercontinental Exchange (ICE), which runs the New York Stock Exchange, has partnered with DeltaTerra Capital to offer climate-adjusted credit risk analytics for residential and commercial mortgage-b...
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A report U.S. Government Accountability Office (GAO) examines security risks to the safety of confidential taxpayer information at the Internal Revenue Service (IRS). The GAO report identifies do...
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The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) published a guide to help small businesses comply with the beneficial ownership information (BOI) reporting rule. ...
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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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