Biden’s order marks the beginning of AI regulation for banks
President Joe Biden’s executive order tackling artificial intelligence could reprioritize the Consumer Financial Protection Bureau’s work in fair lending on artificial intelligence algorithms.
JPMorgan faces hurdles in bid to form private credit syndicate
JPMorgan Chase is running into some pushback over fees and control as it aims to pull together a group of lenders to help fund private credit deals it originates, according to people with direct knowledge of the discussions.
Banks face pressure to stop financing use of coal in steel production
Five large U.S. banks are among 50 global financial institutions that climate activists are targeting as they push to end financing of metallurgical coal projects.
After makeover, Cincinnati mutual bank receives MDI designation
The 130-year-old Warsaw Federal Savings & Loan achieved a minority status after retooling its board this summer. Its CEO, who is also new to the job, has no plans to slow the pace of change at the depositor-owned bank.