Consumer advocates led by Rise Economy have sued the Consumer Financial Protection Bureau for the second time for failing to implement the small-business data collection rule mandated by Congress 15 years ago. On Wednesday, Rise Economy, formerly the California Reinvestment Coalition, led a coalition of consumer groups in filing a lawsuit in the U.S. District … Read more
Union Bank February 27, 2024 Effectively integrating all aspects of your financial picture—from retirement goals to philanthropic wishes—into your estate planning process isn’t always easy. This is especially true when you have accounts and investments at multiple financial institutions, as well as real estate and other assets. Wealth management is an integral part of successful … Read more
Marcus Buckmann, Galina Potjagailo and Philip Schnattinger Disentangling the sources of high inflation, exceeding inflation targets in the post- pandemic period, has been a priority for monetary policy makers. We use machine learning for this task – a boosted decision tree model that fits non-linear associations between many indicators and inflation. We add economic interpretability … Read more
Indeed today did have special meaning. While the origins may have been from American politics, the reality is Canada does have a unique personality that is based on the British parliamentary system, whereas American is more akin to the French republic. Republics are driven by personality, while Canada and the British parliamentarian system is … Read more
Summary Planning a wedding is exciting but costly, and reflecting on our experience, we share lessons learned about budgeting wisely, avoiding unnecessary expenses, and prioritizing what truly enhances the celebration of love. Planning weddings is a whirlwind of excitement, decisions, and, of course, expenses. It’s easy to get caught up in the desire to create … Read more
Binod Kumar, MD & CEO, Indian Bank, at a press conference in Chennai on Thursday | Photo Credit: BIJOY GHOSH Indian Bank on Thursday reported a 24 per cent year-on-year (y-o-y) growth in net profit, at ₹2,973 crore, in the quarter that ended June, 2025 (Q1 FY26). Net interest income (NII) increased by 2.9 per … Read more
First-party fraud, where a customer buys something, then later asks for a refund because they don’t want to pay for it, is a growing problem. Datos Insights expects first-party fraud to reach $3.9 billion in 2025, and anecdotally, several bankers have told American Banker in recent weeks that this is their No. 1 fraud concern. … Read more
Embarking on the journey to homeownership can be both exciting and overwhelming, especially when you’re surrounded by a plethora of myths and misconceptions. As a first-time homebuyer, you might have heard that renting is more affordable than owning, or that a flawless credit score is essential. But how accurate are these claims? In this guide, … Read more
Simon Whitaker Digital currencies and the tokenisation of financial assets could speed up the movement of money and assets between institutions and across borders. Historically, the liberalisation of capital flows led to debates about the impact on macroeconomic and financial stability. Bouts of instability – for example the 2008 global financial crisis – provoked calls … Read more
For several years, top AI developers have been working inside research labs to build more powerful artificial intelligence systems that might one day rival humans at many tasks. But as AI has rapidly improved in recent months, leading model makers have moved aggressively to try to translate those advances into apps and devices that people … Read more