Employees Say Consumer Watchdog Now Toothless
CFPB employees say they have been forbidden from doing any work by directive from the White House. Some bankers had accused the agency of overreach.
Senate Approves Michael Barr to Federal Reserve Post
The Senate easily approved Michael Barr to be the Federal Reserve’s top banking regulator in a bipartisan vote Wednesday.
Financial Regulators Want to Learn More About AI
Federal banking regulators are taking a closer look at artificial intelligence, largely driven by the financial industry’s expanding use of AI. The question is whether they will be able to successfully adapt to address AI’s potential shortcomings.
