AI AND ML Regulator hopes for greater financial inclusion, without extra risk or blaming models for bad decisions The governor of India’s Reserve Bank wants the nation’s financial institutions to use AI to approve loans that human assessors would likely ...

Chicago’s effort to monetize delinquent city receivables has run into a fundamental market problem: City Hall has not found a financial institution willing to facilitate the proposed sale. The stalled initiative, which anticipated $89.6 million in 2026 revenue, illustrates the ...

The Consumer Financial Protection Bureau will remain under acting leadership through the Senate’s August recess, with no Senate vote yet scheduled on President Trump’s nominee, Brian Johnson, to become the agency’s permanent director. Johnson’s nomination remains pending before the Senate ...

Used car sales are losing steam this summer as high prices, elevated interest rates, and tighter credit finally collide with stretched consumers, creating a noticeable drag at dealerships and in auto finance pipelines. Headline conditions: prices sticky, buyers cautious After ...

The Brief Lake Michigan Credit Union and The Studio partnered together for "The Art of the Backstage." The exhibition focuses on set and costume design in the live entertainment world. Visitors can view costumes, renderings and three-dimensional models through September ...

Charles Schwab & Co. will begin converting brokerage clients’ cash-sweep arrangements from FDIC-insured bank deposits to its Schwab One Interest feature beginning Sept. 8, a shift that changes both the legal location of customer cash and the nature of its ...

Home equity reached a record $18 trillion in the second quarter as annual home price growth accelerated to a 14-month high in July, while mortgage delinquencies and foreclosure activity continued to rise, according to Intercontinental Exchange (ICE)’s August Mortgage Monitor ...

The Federal Trade Commission has formally ended its use of disparate-impact and “unfair discrimination” theories, marking another major contraction of federal fair-lending enforcement based on statistical disparities rather than proof of intentional discrimination. In an August 7 policy statement, the ...

Augustus, the German-founded payments fintech formerly known as Ivy, has cleared a major regulatory hurdle in its plan to open a U.S. national bank. The Federal Deposit Insurance Corp. approved deposit insurance for proposed Dallas-based Augustus National Bank, following the ...