Can AI’s ‘black box’ problem be solved?

12/31/18

Bank technologists see the potential for AI in lending, money laundering detection, fraud and other areas. Regulators and bank executives insist on “explainability.”

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FEMA ends halt on flood insurance policies during shutdown

12/31/18

The announcement rescinded the agency's earlier guidance issued to industry partners to suspend sales operations as a result of the current lapse in funding from Congress.

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Elizabeth Warren takes major step toward presidential run

12/31/18

The Massachusetts progressive said in a New Year's Eve email and video message to supporters that she’s launching an exploratory committee for a 2020 bid, which could give her an early edge in fundraising among several potential rivals for the Democratic Party nomination.

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The top stories of 2018

12/30/18

The year saw anxiety over how banks would respond to record consumer debt, disruptive glitches at TD Bank and SunTrust, ongoing scandal at Wells Fargo, and much, much more.

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Libor is going dark in 2021, and some banks aren’t ready

12/30/18

An effort to increase awareness of the transition to a new benchmark rate, and nudge banks to start preparing, is expected to intensify in 2019.

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Can core providers and small banks settle grievances in 2019?

12/28/18

Both sides acknowledge where expectations haven't been met, and are feeling the same market pressures to adapt faster.

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Wells Fargo to pay state regulators $575M over phony accounts, other scandals

12/28/18

The cost of Wells Fargo's scandals continues to rise as regulators from all 50 states forced the institution to pay hundreds of millions in penalties for the creation of fake accounts, improper enrollment in life insurance, force-placed auto insurance policies and other activities.

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Hope Bancorp moves to shutter branches, hold SBA loans

12/28/18

The branch closures will reduce overhead by an estimated $1.9 million a year.

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Biggest competitive threat to banks is one of their own

12/28/18

JPMorgan Chase’s planned expansion into more than a dozen new markets threatens community banks and larger institutions alike.

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'What will the next idiocy be?': Comments of the year

12/28/18

Readers this year responded to Mick Mulvaney's leadership at the Consumer Financial Protection Bureau, the banking industry's role in the national gun debate, Rep. Maxine Water's upcoming leadership of the Financial Services Committee, the influence of tech companies like Facebook and Amazon on financial services and much more.

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