The 9/11 attacks marked a sea change in bank regulation
The USA Patriot Act passed on an overwhelming bipartisan basis in the wake of the 9/11 attacks, overhauling banks’ involvement in anti-money laundering efforts.
Following Focus success, LPL advisors to launch Pride forum in 2027
A gathering for LGBTQ advisors and allies the day before LPL’s flagship Focus conference drew executives, big-name sponsors and a standing-room crowd. So Marci Bair and other organizers are planning a standalone event next spring.
Lawsuit accuses Bowman, Fed of ‘rigging’ comment process
Consumer advocacy group Better Markets filed a lawsuit in federal district court Thursday claiming the Federal Reserve’s top regulator coached bankers on how to comment on proposed capital rules in “secret meetings.”
5 ways advisors can help clients maximize 401(k) savings
Today is National 401(k) Day, and a perfect moment to revisit retirement plans. Advisors can use these five strategies — from IRA rollovers to next-gen outreach — to help clients optimize their savings.
Trump renews his calls to cap credit card fees
President Donald Trump said that he supported capping what he called “out-of-control credit card swipe fees” at the Republican midterm convention in Dallas. Wednesday’s comments mark the third time the president has said he supported the Credit Card Competition Act.
Ameriprise using its $1B tech spend to save advisors 10 to 20 hours a week
Like many firms, Ameriprise has been pumping money into AI in recent years. But its dedication to technology goes back much further, says the firm’s head of technology and service delivery.
AI agents don’t have to fail in order to cause major problems for banks
An agent that takes an unexpected action in the service of achieving its assigned goal can create vulnerabilities that may be difficult to spot in real time. These problems can compound if the agent continues to act within a bank’s systems.
BMO payments partner to pay $12M for serving shell companies
A consulting firm working for BMO Harris flagged the processor’s chargeback problem in 2015. The FTC says the shell accounts kept coming through 2023.
AI ROI estimates tend to leave one thing out
The first two articles in this series addressed what banks should measure and how. This final article asks what people often get wrong in calculating AI ROI.
IBKR’s custody pitch to RIAs focuses on low fees, growth potential
Interactive Brokers, also known by its hot ticker symbol of IBKR, shares much more fee information than most custodians, without revealing much in the way of its scale among RIAs. Can it gain greater reach in a competitive channel?