AI Agent Shoppers Challenge Lenders’ Fraud-Fighting Tools, Experts Say
Existing fraud-fighting tools are built to look for robot-like activity. But that means they try to stop legitimate AI agents from doing someone’s shopping for them.
Boston Sand & Gravel Sues to Block Charlestown Housing
Boston Sand & Gravel is headed to court to challenge the centerpiece of Mayor Michelle Wu’s program turning surplus city-owned real estate into housing developments.
Personnel File – No. 431
From new VPs to fresh project managers, see who’s been hired, promoted and honored, it’s our weekly Personnel File roundup.
A Regulatory Navigator with an Inside Perspective
After over four years as an executive at the Federal Reserve Bank of Boston, Daniel Hartman has joined the private sector at law firm Nutter, where he’s helping local banks make sense of the Fed’s regulatory moves.
What Does Halt to CFPB Work Mean for Mass. Banks?
The future of the nation’s top consumer financial regulator is in doubt, and that’s opening questions about the impact on local banks.
Nutter Attorney Named to Land Court
Sarah Turano-Flores, a partner at Boston law firm Nutter, is in line to be the newest judge in the Massachusetts Land Court.
Personnel File – No. 394
From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s our weekly Personnel File roundup.
Personnel File – No. 392
From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s our weekly Personnel File roundup.
Local Lenders, Builders Lauded for $339M in Supplier Diversity Spending
Some of the biggest names in finance and real estate were cheered by the Greater Boston Chamber of Commerce this week in its annual “Pacesetter” awards, that call out firms working to diversify their supplier spending to include minority-owned companies.
Personnel File – No. 320
Who’s on the move? From new VPs to fresh project managers, see who’s been hired, promoted and honored: it’s The Personnel File.
Congress Condemns PPP Fintechs for Fraud and Mismanagement
An investigation highlights that four prominent fintech companies were nothing more than loan approval factories that lacked the resources and the acumen to detect fraud.
Multiple NSF Fees for Re-Presented Transactions Pose Compliance Challenges
Fresh attention from financial regulators towards non-sufficient funds fees for re-presented transactions is pushing banks to eliminate or dramatically cut these NSF charges.
Personnel File – No. 303
From new VPs to fresh project managers, see who’s been hired, promoted and honored: it’s The Personnel File.
Regulators Heighten Focus on Climate Change’s Financial Risks
The primary objective of financial regulatory authorities generally is to maintain the safety and soundness of banks and the financial system. How, then, do regulators incorporate climate change risks into their work?
Personnel File – No. 265
From new VPs to fresh project managers, see who’s been hired, promoted and honored: it’s The Personnel File.
U.S. Regulators Increasingly Training a Wary Eye on Cryptocurrency
International standard setting bodies are taking a similarly wary position with respect to cryptocurrency. Up to now, however, the United States has been slower to act with respect to cryptocurrency regulation.
OCC Letter Sheds Light on Cryptocurrency Risk and Reward
The belief that consumers and investors would feel most comfortable having traditional financial institutions store, manage and process digital assets has caused those institutions to begin exploring and implementing cryptocurrency into their suite of product offerings.
Biden Administration Brings New Slate of Financial Regulators
President Joseph R. Biden’s inauguration will usher in a new slate of financial regulators in 2021 with nominate cabinet and financial regulatory agency picks that will likely emphasize a more vigorous investor and consumer protection regulatory posture and tougher enforcement.
Climate Change Moves Up as a Financial Stability, Supervisory Risk
Until now, United States bank regulators have not been vocal about climate change as a financial risk. This may be changing. In recent remarks and reports, the Federal Reserve Board signaled that climate change is a financial stability and supervisory risk.
Regtech and Suptech: The Lesser-Known Financial Technologies
In the months ahead, we can expect more strides in regtech and suptech in the United States and globally due to the clear benefits of improved regulatory impacts and reduced industry and agency costs.
