Category: Industry

Texas House Leaders Release AI Oversight Bill

Last week, leaders in the Texas House of Representatives released a comprehensive bill to address the advancement of Artificial Intelligence (AI) technology and the potential negative effects of AI on consumers....

Major Crypto Platform Investigated for AML Violations

In news that will surprise absolutely no one, The Wall Street Journal reported last week that the cryptocurrency company, Tether, is being investigated for violations of international sanctions and anti-money laundering...

“Open Banking” Rule Challenged by Big Banks

The Consumer Financial Protection Bureau (CFPB) recently issued a final rule implementing section 1033 of the Dodd-Frank Act, which promises to give consumers more control of their financial data....

FDIC’s Proposed Deposit Data Gathering Regime

In August, the Federal Deposit Insurance Corporation (FDIC) issued a Request for Information (RFI) on deposits, which addressed the collection of deposit data, “not currently reported in the call...

Texas Tech Researchers: 1071 Rules Unnecessary

In a paper recently accepted for publication in the Journal of Financial Research, Texas Tech researchers point to the impending failure of small business data gathering rules to accomplish their stated intention...