Consumers are starting to get worn down by rising prices
Most Americans are seeing their expenses go up, and lots of them are changing their spending habits as a result, which is sapping the economy’s momentum.
5 AI-related steps to take before the SEC examiner knocks
Firms are using AI more than ever, but few have adopted clear policies outlining human oversight or how third-party vendors should handle cybersecurity.
A $111 million scheme to keep bad merchants banked
Thomas Eide’s CB Surety ran small charges on prepaid cards to dilute clients’ chargeback ratios, keeping open the accounts banks would have closed.
Should I stay or should I go? Wealth taxes add to financial planning decisions
As wealth tax proposals pop up around the country, advisors guide clients through assessing how these factors change the equation of financial planning.
Stay for the ‘sunset’ or leave for a sale: What to consider
Press an “easy button” for an internal succession or go the harder, often more lucrative route of leaving an employee brokerage to sell an independent practice? A new report from one recruiting firm shows which lane most advisors choose.
Why shunning Apple Pay no longer works for Walmart
The big box retailer was a notorious holdout, but payment analysts said consumer annoyance and the coming of agentic payments are weighing against the data control enjoyed by keeping Apple outside.
What Colorado’s amended AI law means for banks
The law, which takes effect Jan. 1, will require banks to clearly disclose the use of AI in decisions that affect customers, show customers all data used by AI to deny a loan or new account, and give people a way to correct any inaccuracies.
Midterm Senate races bankers need to watch
Democrats’ chances of flipping the upper chamber were long going into the campaign season but have improved in recent weeks. Here are some of the key individual races that will affect bankers the most.
The data point that proves small banks are being left behind
The Texas Ratio, which tracks banks with underwater loan portfolios, is a reality check for the health of community banking.
Nissan pulls ILC application
The Japanese automaker pulled its bid for an industrial lending arm following “an evaluation of the initiative’s scope, timing and requirements” and a difficult fiscal year.