Clarity and concision in risk reports
In risk reports to the board, place the emphasis on messages, not metrics
ABA: Proposed restrictions on calls using AI would harm bank communication with customers
A proposed rule to limit voice calls and text messages made using AI would restrict banks’ ability to communicate important...
Fortifying the financial sector from cyber threats
‘Project Fortress’ to help banks manage increasing cybersecurity costs.
Yellen: Banks with ‘less stable deposits’ need greater supervisory attention
While stressing that the U.S. financial system was strong, Treasury Secretary expressed support for regulations she said was needed to...
FinCEN releases final rules for residential real estate reporting, and investment advisers
FinCEN released two final rules requiring certain residential real estate professionals and investment advisers to report suspicious activity tied to...
Consumer credit increased in June
Consumer credit increased at a seasonally adjusted annual rate of 2.4% during the second quarter of 2024, the Federal Reserve...
U.S. adds 114,000 jobs in July
The U.S. economy added 114,000 nonfarm jobs in July, the Labor Department said. The unemployment rate rose 0.2 percentage points...
Survey: More Americans turning to AI to manage finances
A growing number of Americans are using artificial intelligence to help manage their finances and investments, with use of the...
U.S. international trade deficit declines in June
The international trade deficit was $96.8 billion in June, down $2.5 billion from $99.4 billion in May, the Commerce Department...
Upgrading your tech (talent) stack
Banks seeking to hire and retain technologists must think beyond salaries to attract the right talent.
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