FTC’s $18-million fine for Brigit: A warning for cash-advance fintechs
The Federal Trade Commission filed a complaint against finance app Brigit for misleading customers about accessing “up to” $250 in cash advances and making it difficult to cancel their subscriptions.
How one bank uses generative AI to fight domestic abuse
Commonwealth Bank of Australia has developed an advanced artificial intelligence tool that can spot harassment in transaction messages.
FedNow is a huge improvement in payments, but it could be better still
FedNow will transform payments in the U.S., but its adoption might speed up if the Fed adopts some of the strategies Brazil used to roll out its Pix platform.
Credit Suisse reinstates independent overseer for Nazi-account probe
Barofsky, a former inspector general of the Troubled Asset Relief Program and frequent Wall Street critic, was removed as ombudsman by Credit Suisse in November 2022.