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Payments Industry Recognizes AI Value

Payments Industry Recognizes AI Value

Report by American Banker found AI is being used to streamline compliance, loan processing and underwriting
CDFI Loans More Than Doubled Since 2018

CDFI Loans More Than Doubled Since 2018

CDFIs originated $67 billion and sold in the region of $14 billion in loans for the year 2022
Labor Market Slows While Dow Jones Speeds Up for Seventh Straight Day

Labor Market Slows While Dow Jones Speeds Up for Seventh Straight Day

Jobless claims on Thursday cleared 231,000 for the week, a 9-month high
US Expected to Drive Global GDP Growth

US Expected to Drive Global GDP Growth

US economy is forecasted to grow by 2.6% in 2024
Three Regulators Propose Ban of Incentive-Based Compensation Arrangements

Three Regulators Propose Ban of Incentive-Based Compensation Arrangements

The regulation aims to ensure leaders of financial institutions do not take on excessive risk
Health Savings Accounts Charge Hidden Fees

Health Savings Accounts Charge Hidden Fees

Many providers charge complex and costly maintenance and exit fees
AI Financial Crime Activity on the Rise

AI Financial Crime Activity on the Rise

More than half of banks lost between $5 million and $25 million to AI-based crime last year
CFPB Combats Junk Fees in Mortgage Servicing

CFPB Combats Junk Fees in Mortgage Servicing

The regulator found servicers charging illegal junk fees and violating loss mitigation rules
CFOs Rank Cutting Costs as Top Priority

CFOs Rank Cutting Costs as Top Priority

Study found the number of CFOs prioritizing cutting costs in finance function rose from 38% to 44%
Inflation Continues to Grow Impacting All Parts of the Economy

Inflation Continues to Grow Impacting All Parts of the Economy

The report could have been worse as some feared even higher inflation reports
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