Key insight: Community banks may be able to benefit from the enormous buildup of AI capacity, as the cost of AI-based fraud detection falls. What’s at stake: Criminals’ use of AI-generated deepfakes to commit fraud has been growing rapidly. Expert quote: “What was once the stuff of movies is now a reality,” said Federal Reserve […]
Fed’s Barr warns community banks about AI fraud risks Read More »
What’s at Stake: A three-judge panel already ruled in August that the Trump administration can fire up to 1,500 employees of the CFPB. Forward Look: Allowing the Trump administration to dismantle the agency would represent “a blatant disregard for Congress’s constitutional role,” Democrats claim. Expert Quote: “Only Congress has the power to shutter the CFPB,”
Democrats urge full D.C. Circuit to hear CFPB court case Read More »
Enjoy complimentary access to top ideas and insights — selected by our editors. AEI’s flawed conclusions, if taken at face value, could wrongly influence how the mortgage industry approaches credit access, risk, and consumer inclusion. The American Enterprise Institute’s latest critique of VantageScore’s recent white paper doubles down on their false assertion that VantageScore is picking GSE
Why AEI’s VantageScore 4.0 critique misses the mark Read More »