WASHINGTON—The Department of Justice and the Federal Trade Commission are set to spearhead antitrust investigations into Microsoft, OpenAI and Nvidia that could potentially reshape the commercial artificial intelligence industry, according to a new report.
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NEW YORK—American Express has announced enhancements to two of its cards, including an airline card that is literally made of an airliner.
NEW YORK—Global expenditures on anti-money laundering (AML) systems by non-financial institutions is expected to rise sharply, projected to increase by 170% to $6.3 billion by 2028, new data show.
WASHINGTON— Attitudes toward homebuying conditions fell markedly and reached an all-time survey low in Fannie Mae’s newest Home Purchase Sentiment Index (HPSI).
WASHINGTON–The CFPB and its director, Rohit Chopra, will be getting a lot of attention in Washington and from America’s Credit Unions this week.
NEW YORK—Following the release last week by the CFPB of new protocols aimed at facilitating open banking, a new analysis is offering some insights into what it’s going to mean for financial services, credit unions, members, consumers and more.
WASHINGTON–In the weeks leading up to the release of data on how much the largest credit unions are generating from overdraft and NSF income, America’s Credit Unions expressed concerns over how it might be perceived and over a lack of context.
WASHINGTON—The way Fannie Mae and Freddie Mac define and enact polices related to first-generation homebuyers is concerning, a host of trade groups that includes stated America’s Credit Unions and the Housing Policy Council in a letter to the Federal Housing Finance Agency (FHFA).
WASHINGTON–A new report from the Financial Crimes Enforcement Network (FinCEN) has found more than 15% of active FBI investigations in fiscal year (FY) 2023 were linked to anti-money laundering tools such as currency transaction reports (CTRs) and suspicious activity reports (SARs).
WASHINGTON–What do you think about the potential uses, opportunities and risks when it comes to artificial intelligence in the financial services sector?