The Federal Trade Commission (FTC) has secured a temporary restraining order against California-based NERD Solutions Inc., which also operated under the name ED REF. The agency alleges the company defrauded student loan borrowers out of more than $8.8 million.
The Federal Reserve has transferred funds to the Federal Reserve Bank of New York to pay the expenses of the CFPB for the third quarter of this fiscal year, according to a letter posted on the agency’s website. The letter from Federal Reserve Chief Financial Officer Rendell Jones to CFPB Chief Financial Officer Janfar Gueye does not disclose the amount of the deposit, but the bureau requested $75.8 million.
The Office of the Comptroller of the Currency (OCC), Board of Governors of the Federal Reserve System (Federal Reserve), and Federal Deposit Insurance Corporation (FDIC) (collectively, the federal agencies) issued revised interagency guidance on model risk management.
Employers may be entering a new era of accountability when it comes to artificial intelligence in hiring. A recent class-action lawsuit is signaling a shift in how AI-driven recruitment tools are being scrutinized—and the implications could be far-reaching.
Delaware is positioning itself at the center of digital asset and stablecoin innovation with a coordinated package of legislation aimed at modernizing its banking code and creating a comprehensive framework for payment stablecoins.
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