Consumer advocate, fintechs urge CFPB, FHFA to adopt AI guidance
The National Community Reinvestment Coalition and four fintechs want the agencies to act on the White House’s executive order on AI with guidance on beneficial applications of machine learning.
First-ever redlining order against a credit union delivers jolt
A Philadelphia-area credit union's landmark redlining settlement with the Department of Justice has prompted strong responses from the industry's regulator and its leading trade group.
Former RBC exec Ahn gets new job; Citi’s Raghavan shakes up team
Canaccord Genuity Group hires Nadine Ahn, who was fired from Royal Bank of Canada in April; Citigroup establishes a new banking executive team to oversee its commercial and investment banking work under Vis Raghavan; and more in this week's banking
A new calculus for challenging regulatory enforcement actions
The Supreme Court ruled this year that companies facing civil money penalties have the right to request a jury trial. The ruling is going to change the way regulators and companies think about enforcement actions.