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Humid July CPI report puts pressure on Fed to hike
The consumer price index ticked up last month, bolstering arguments about broad based inflation and raising the odds of a rate hike next month.
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Planned FDIC standards for tech vendors may help small banks
The FDIC is in early discussions with bank trade groups to build a standard-setting body for certifying tech providers that pass voluntary due diligence checks.
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Credit unions win round against Snowflake in data breach case
Santander's employee data was breached. Credit unions that were never breached are suing over the cards they had to reissue.
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An impact investor's case against 'zero-sum thinking'
Roy Swan of the Ford Foundation said the simplest implication of his new book may be a nudge toward donor-advised funds. But he argues for a deeper examination of popular assumptions around figures like Adam Smith and Milton Friedman.
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States sue OCC over mortgage escrow interest pre-emption
A 10-state coalition is asking a federal court to put a halt to the OCC's rules which pre-empt laws on banks paying interest on mortgage escrow deposits.
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Despite private market concerns, advisors and clients are undeterred
A survey from the investment marketplace iCapital suggests that concerns about private credit have not derailed advisors' growing desires to place more clients in alternative investments.
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Fed analysis shows return to stock-bond correlation of 1990s
After nearly two decades of positive correlation, the relationship between equities prices and bond yields has turned negative, the analysis finds, revealing a tricky dynamic for monetary policy.
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New auto-loan volumes rise as credit standards weaken
New York Fed data shows a record $211 billion in car-loan originations during the second quarter. But median credit scores are falling, and delinquencies are rising, as lower-income consumers struggle to meet their obligations.
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Second CFPB union member placed on administrative leave
Stephen Wheeler, a prominent Consumer Financial Protection Bureau union organizer, was placed on administrative leave as the agency investigates allegations it hasn't publicly disclosed.
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When AI does entry-level work, how do rookies learn the ropes?
Companies need to find new ways of combining apprenticeships with AI model interactions for their newest employees, according to Carissa Robb, consultant and former TD Bank executive.
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