The Securities and Exchange Commission (SEC) has taken a stance against a new trend known as "AI-washing”. This deceptive practice, similar to ESG “Green-washing”, aims to mislead the public and potential investors by overstating or simply lying about the role AI technology plays in their product or service.

Late in 2022, the CFPB outlined rule-making proposals regarding consumers’ access to and control of their financial data as part of the implementation of Section 1033 of the Dodd-Frank Act. The CFPB’s upcoming proposals would change the control firms, primarily large banks, have over personal financial data.

Spending my days at IMP immersed in OMS conversions and upgrades, I have seen first-hand the repeated problems that arise from managing complex databases and the difficulty in accessing truly useful information from the mounds of OMS library data. Compliance projects continually present challenges that require agile thinking and adaptable solutions. Here’s 3 insider tips to ensure your compliance projects turn out successfully.

Jerome Powell and the Federal Reserve recently announced yet another 75-basis point rate hike, raising the central bank’s fed funds rate between 3.75% and 4%. Powell also signaled potential smaller rate hikes in the future, but that interest rates may ultimately rise higher than initially projected. This fourth consecutive 0.75-point increase by the Fed, shows their continued commitment to taming inflation and restoring price stability.