New scholarship targets women switching careers to advising
A $5,000 scholarship from Cary Carbonaro and the CFP Board aims to help break financial barriers for women seeking to enter financial planning.
Activist investors ask to join Alabama bank’s board
Two shareholders at United Bancorporation of Alabama say they’ve been expressing their concerns for years, to no avail. Now they want seats at the table.
Compliance burden key barrier to cannabis banking, GAO finds
Banks say the cost and complexity of anti-money laundering compliance — including enhanced due diligence and filing suspicious activity reports — is a major barrier to serving cannabis-related businesses.
Do banks need a nutrition label for their AI model data?
The Financial Services Sector Coordinating Council’s idea for describing data and its sources is starting to take off.
EverBank, WaFd say merger would address each firm’s issues
The deal announced Monday would diversify EverBank’s higher-cost funding model, and it would accelerate WaFd’s transition away from its roots as a traditional thrift.
Former FTC commissioner in Supreme Court battle joins NYU
Rebecca Kelly Slaughter’s firing from the Federal Trade Commission spurred a lawsuit that led to the Supreme Court overturning Humphrey’s Executor and ending agency independence. Slaughter says she will continue to work on consumer protection issues.
Circle expands stablecoin network with Tazapay acquisition
Tazapay’s last-mile infrastructure will help Circle expand its own infrastructure and USDC distribution in the Asia-Pacific region and emerging markets, where demand for USDC-denominated transactions is growing.
Inflation expectations high but steady in key Fed survey
A consumer inflation expectations survey released Tuesday showed households expect inflation to be 3% or higher through at least the next five years.
IDscan’s breach shines light on vendor risk in the age of AI
The theft of 153 million drivers’ licenses highlights the danger of having a small number of vendors serve an entire industry.
In the CAMELS system, the problem is measurement, not management
In assessing the strength of banks’ management, regulators need to work with stakeholders to develop a set of evidence protocols, analytical frameworks, and illustrative metrics that will allow fair, consistent and proactive measurement.