‘Policy leaders are being shown a rosier picture’: Ludwig
Former Comptroller of the Currency Eugene Ludwig has written a book called The Mismeasurement of America that lays out the shortcomings of the standard economic data that U.S. government and businesses use to make decisions, and how this data obscures the truth about how low-income Americans are actually faring.
Banks need to steel themselves for the next battle over crypto rules
The debate over the “macro” questions about cryptocurrency in the U.S. has been largely settled. We’re now entering the “micro” phase, where specific rules and regulations will be written to chart the industry’s future.
Empathy can’t be automated — neither can financial guidance
Artificial intelligence isn’t an algorithmic takeover but an essential wealth management tool.
Exclusive: Sen. Warren presses credit unions on late fees
Democratic lawmakers, led by Senate Banking Committee ranking member Elizabeth Warren, D-Mass., press 21 institutions for fee data after a federal agency halted disclosure requirements.
How Alex Chriss has changed PayPal’s ‘focus’
The CEO spoke with American Banker about the company’s plans for AI, blockchain, taking its digital wallet global and making PayPal and Venmo work together for the first time.
Banks keep merging. Investors keep punishing them.
Financial institutions see an opportunity to nab scale after years of tepid dealmaking, but investors are pushing back against such efforts out of concerns about shareholder value.
Santander creates fake AI ads for shopping scam awareness
The global bank created an educational campaign designed to alert customers to the risk of AI-generated scam advertisements on social media.
Associated joins M&A wave with deal for Nebraska bank
The Wisconsin-based regional bank plans to acquire American National Corp. in an all-stock transaction valued at $604 million. It is Associated’s first acquisition announcement since Andy Harmening became CEO in 2021.
Inside Citizens’ plan to reimagine itself with AI
After Citizens CEO Bruce Van Saun announced a company-wide AI makeover, Chief Information Officer Michael Ruttledge told American Banker about what’s happening under the hood.
CFPB court battle with union continues with no end in sight
The Consumer Financial Protection Bureau and its union filed legal briefs Friday after a district court judge asked if a preliminary injunction aimed at preventing a mass layoff is still in effect.