Spirit Community Bank is the 15th bank to get the agency’s approval this year. That list also includes Community Bank of the Carolinas, which was approved in early December.
A Colorado businessman’s request for a preliminary injunction to stop the bank from using the name “Erica” has been denied. The overall case could still go to trial, but skeptical comments by the judge suggest BofA will likely prevail.
Bank technologists see the potential for AI in lending, money laundering detection, fraud and other areas. Regulators and bank executives insist on “explainability.”
No matter how far the Massachusetts Democrat goes in the next presidential race, the financial regulatory issues that she trumpets will be front and center.
The announcement rescinded the agency’s earlier guidance issued to industry partners to suspend sales operations as a result of the current lapse in funding from Congress.
As banks begin to use artificial intelligence in their businesses, they’ll need to consider the potential for bias as well as the impact new technologies will have on workers.
The state has expanded the scope of ongoing legal actions against Avant and Marlette to include several securitization trusts and trustees.
The Massachusetts progressive said in a New Year’s Eve email and video message to supporters that she’s launching an exploratory committee for a 2020 bid, which could give her an early edge in fundraising among several potential rivals for the Democratic Party nomination.
US stocks set to open higher after President Trump said progress had been made in trade talks between the US and China
2018 has not been a year to celebrate for the majority of equity fund managers