(Bloomberg) -- Facing a second day of grilling from US lawmakers, the once top executives at recently failed banks coalesced around a culprit for their firms’ spectacular collapses: social media.
Most Americans want financial flexibility when it comes to financing major life milestones and many are considering buy now, pay later (BNPL) installment loans to help finance big purchases, a recent survey said.
WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today testified on bank supervision before the Committee on Banking, Housing, and Urban Affairs of the U.S. Senate. In his testimony, Mr. Hsu shared his observations on recent bank failures and discussed the resiliency of the federal banking system. He also discussed the Office of the Comptroller of the Currency’s efforts in support of agency priorities to guard against complacency by banks, reduce inequality, adapt to digitalization, and manage climate-related financial risk.
Banks around the country have begun coming up with plans to counter online threats — including internet rumors about the health of their institutions — Reuters reported Thursday (May 18), citing interviews with industry executives and analysts.
WASHINGTON – Today the Equal Employment Opportunity Commission (EEOC) released a technical assistance document, “Assessing Adverse Impact in Software, Algorithms, and Artificial Intelligence Used in Employment Selection Procedures Under Title VII of the Civil Rights Act of 1964,” which is focused on preventing discrimination against job seekers and workers.
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