Following revelations last month of a data breach affecting both consumers and employees, Plaza Home Mortgage is already facing at least two potential class action lawsuits.  Processing Content Plaintiffs in two separate cases filed their claims in California Southern District court last week after the San Diego-based wholesale and correspondent lender initially sent out notices […]

Key insight: Bank of America’s CEO is emphasizing accuracy of AI models, where others focus largely on efficiency and cost savings. What’s at stake: If a large bank’s AI model is allowed to make errors in code, operations or customer service, the result could be catastrophic. Forward look: Expect more banks to invest in data