Banking

CFPB to loan providers: Algorithms, AI utilized in credit choices should be explainable

In a brand-new circular provided today, the CFPB stated that under the Equal Credit Opportunity Act and Regulation B, lenders…

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Climate modification is a danger for banks however it’s not the only one

Climate modification might position a danger to bank stability. That banks must be cognizant of possible dangers to their monetary…

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By the Numbers: Automation, information analytics draw banks to the cloud

Banks have yet to profit from cloud innovation however concur that automation is the most engaging argument for doing so.…

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ABA signs up with union opposing California emissions costs

ABA the other day signed up with a broad union of more than 40 trade groups—led by the California Chamber…

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In attempting times, be a buddy to keep a client

My earliest mantra when motivating ethical sales cultures to lenders is, “Make a friend, earn a customer.” Recent financial shocks…

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TD Bank utilizes tech modernization to enhance dexterity

The $1.4 billion TD Bank is presenting a brand-new effort that will update its IT facilities by moving more to…

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ABA: Updates required to FDIC merger standards

In an in-depth remark letter to the FDIC on Friday, the American Bankers Association required updates to the firm’s 25-year-old…

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Regions’ brand-new chief improvement officer has extensive required

Chief improvement officers are an emerging function at banks, and Regions Financial is one banks that is analyzing the significance…

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RBC sees 7.9% boost in computer-related expenditures

The Royal Bank of Canada saw a 7.9% year-over-year boost in computer system leasing and upkeep expenses, investing $332 million…

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FHFA settles extra public disclosure requirements for Fannie, Freddie

The Federal Housing Finance Agency today completed extra public disclosure requirements for Fannie Mae and Freddie Mac. The last guideline…

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