A new SEC report says research analysts "inadvertently" sent email with confidential pending rating action information to people outside the rating agency.
The Fed provided a list of “sound practices” for HMDA reporting, including recommending oversight by the bank’s board and senior management, standardized processes and training.
Congress must examine AI carefully, to determine “whether AI is extending and reinforcing biases, and how it has the potential to correct them,” according to Sen. Tina Smith, D-MN.
“If I were a dues-paying member of these trade groups, I might ask for my money back,” said Jesse Van Tol, president and CEO of the National Community Reinvestment Coalition, commenting on bank trade groups challenging revisions to CRA standards.
Public Citizen Litigation Group applauded the decision that confirms federal agencies can't escape accountability when they fail to comply with their responsibilities to consumers under the Fair Credit Reporting Act.
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