American Banker has retracted an opinion article, "FHFA should resist calls to weaken mortgage standards," published on Jan. 8. The story did not meet American Banker's editorial standards for disclosure of the author's business affiliations.
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Read more about cryptocurrency players struggling to access banking services and Elon Musk's weaponization of the Department of Government Efficiency.
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The New York bank will integrate ChatGPT Enterprise with its existing large language model framework, Eliza.
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Rep. Andy Barr, R-Ky., is introducing a bill limiting the Consumer Financial Protection Bureau's unfair, deceptive or abusive acts and practices authority and another limiting its ability to issue investigative subpoenas.
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Banks' latest annual reports, filed in the early weeks of the second Trump administration, provide a window into how the industry is adjusting to a new political climate.
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The Canadian bank's profits were weighed down by its U.S. operations as the bank restructures its balance sheet and manages the fallout of money-laundering compliance failures.
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Lawmakers and regulators are cracking down on banks closing consumer accounts, but neither banks nor regulators have hard numbers on how big of a problem debanking really is — or why accounts are closed.
5h ago