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The Consumer Federation of America and Consumer Reports sent a letter to the Consumer Financial Protection Bureau urging it to require banks to search for less discriminatory models. Later the same day, the CFPB issued a report saying it's doing just that.
June 27
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Evolve Bank & Trust acknowledged the ransomware group published customer data from the bank, but the number of affected people remains unclear.
June 26
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Ransomware group LockBit threatened on Sunday to publish the stolen data Tuesday evening. Ransomware experts said it was likely that the group was bluffing.
June 25
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The head of data and digital at Ally Bank came up with protective measures governing the use of generative AI and organized "AI Days" for employees to learn about Ally's progress.
June 25
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The two financial institutions are testing a combination of machine learning and blockchain to catch errors and block fraud on international transactions.
June 25
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The chief growth officer at Pagaya is one of American Banker's 2024 Most Influential Women in Fintech.
June 24
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The chief information, data and digital officer at Ally Financial is one of American Banker's 2024 Innovators of the Year.
June 24
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Zest AI more than doubled its customer base in 2023 and increased its customer base more than 50% yearly over the past four years.
June 21
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The bank's director of AI transformation is one of American Banker's 2024 Innovators of the Year.
June 21
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As more banks adopt cloud technology, paths to value become clearer.
June 21
