RICHARDSON, Texas, May 8, 2024 /PRNewswire/ -- Texans Credit Union (Texans), a leading financial institution with a 70-year legacy of dedicated service to the North Texas community, proudly unveils its new logo. The redesign represents a bold step forward, embodying the organization's commitment to its Texas Instruments (TI) heritage, tradition, innovation and the vibrant spirit of Texas.
Federal Reserve Governor Lisa Cook highlighted commercial real estate, private credit and cyber risks as potential issues. Speaking Wednesday (May 8) at the Brookings Institution in Washington, D.C., Cook provided a current assessment of financial stability and highlighted these issues as potential vulnerabilities.
The resource covers data definitions and who is required to comply with the law, taking effect July 1, among other details.
On May 1, 2024, Utah’s Artificial Intelligence (AI) Policy Act (the “AI Policy Act”) took effect. The AI Policy Act is the first U.S. state law to impose transparency obligations on companies using generative artificial intelligence (“Gen AI”). Those obligations are particularly critical for any company or individual in a regulated industry, such as medicine or accounting. Penalties are up to $2,500 for each violation, and the law may be enforced by the Utah Division of Consumer Protection or the courts.
In the post, Julie Margetta Morgan, the CFPB’s associate director of research, monitoring and regulations, reminds readers that the top 10 credit card companies alone manage 83% of outstanding credit card debt and that many of the biggest card issuers offer cards that come with the worst terms, the highest interest rates and the steepest late fees.
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