Criminals Use Generative Artificial Intelligence to Facilitate Financial Fraud – The FBI is warning the public that criminals exploit generative artificial intelligence (AI) to commit fraud on a larger scale which increases the believability of their schemes. Generative AI reduces the time and effort criminals must expend to deceive their targets. Generative AI takes what… Continue Reading
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Category Archives: Financial System
CFPB Proposes Rule to Stop Data Brokers from Selling Sensitive Personal Data to Scammers, Stalkers, and Spies
“The Consumer Financial Protection Bureau (CFPB) today proposed a rule to rein in data brokers that sell Americans’ sensitive personal and financial information. The proposed rule would limit the sale of personal identifiers like Social Security Numbers and phone numbers collected by certain companies and make sure that people’s financial data such as income is… Continue Reading
Social Security Faces a Crisis, but Sound Tax Policy Can Help
Bloomberg Tax: “Social Security, one of the most successful anti-poverty programs in US history, faces a funding crisis by 2035. Raising taxes on upper-income earners and including investment income in the taxable base for Social Security would be practical and politically plausible solutions ahead of this deadline. The economic stability offered by the Social Security… Continue Reading
AI in Finance and Banking, November 30, 2024
Via LLRX – AI in Finance and Banking, November 30, 2024 – This semi-monthly column by Sabrina I. Pacifici highlights news, government documents, NGO/IGO papers, conferences, industry white papers and reports, academic papers and speeches, and central bank actions on the subject of AI’s fast paced impact on the banking and finance sectors. The chronological… Continue Reading
The intensifying threat of Donald Trump’s emolument
CREW: Donald Trump will violate the Foreign and Domestic Emoluments Clauses if he serves as president and fails to divest from his businesses. Likely sources of his illegal emoluments would include, but not be limited to: Truth Social parent company, Trump Media and Technology Group Trump World Tower Saudi-funded LIV Golf league and Real estate… Continue Reading
527 Explorer
ProPublica 527 Explorer – “Every year, hundreds of millions of dollars flow through political organizations known as 527s. These organizations are not regulated by the Federal Election Commission and are not subject to FEC-style restrictions on who can contribute or how much they can give, though donations are not tax deductible. These groups are spending… Continue Reading
Judicial Remedies To Restore Competition in the Market for General Search
Yale Tobin Center for Public Policy. Judicial Remedies To Restore Lost Competition in the Market for General Search. September 4, 2024 (Working Draft). by Fiona Scott Morton, David Dinielli, Alissa Cooper, Gene Kimmelman, Margaret O’Grady. “The Trial – Last month, a United States federal judge found Google (today known as “Alphabet”) liable for illegal monopolization… Continue Reading
Tracking Trump’s picks for his Cabinet and administration
Unpaywalled – Here are the people Trump has named to his incoming administration or the top contenders for unfilled roles based on our reporting. We will continue to update this article. The New York Times – Tracking Trump’s Cabinet and Staff Nominations [unpaywalled] – President-elect Donald J. Trump has quickly begun to assemble the list… Continue Reading
AI in Finance and Banking, November 17, 2024
Via LLRX – AI in Finance and Banking, November 17, 2024 – This semi-monthly column by Sabrina I. Pacifici highlights news, government reports, NGO/IGO papers and conferences, industry white papers, academic papers and speeches on the subject of AI’s fast paced impact on the banking and finance sectors. The chronological links provided are to the primary… Continue Reading
Pete Recommends – Weekly highlights on cyber security issues, November 16, 2024
Pete Recommends – Weekly highlights on cyber security issues, November 16, 2024 – Privacy and cybersecurity issues impact every aspect of our lives – home, work, travel, education, finance, health and medical records – to name but a few. On a weekly basis Pete Weiss highlights articles and information that focus on the increasingly complex… Continue Reading
United States International Trade Commission annual datasets of US import tariffs
Data is Plural: “The United States International Trade Commission maintains annual datasets of US import tariffs going back to 1997. The datasets include each impacted product’s eight-digit Harmonized Tariff Schedule code, a brief description, the duty rate, rate type, effective and ending dates, and more. The commission also publishes a tariff search tool and data… Continue Reading
Genetic Discrimination Is Coming for Us All
The Atlantic: [unpaywalled] “Insurers are refusing to cover Americans whose DNA reveals health risks. It’s perfectly legal…Studies have shown that people seek out additional insurance when they have increased genetic odds of becoming ill or dying. “Life insurers carefully evaluate each applicant’s health, determining premiums and coverage based on life expectancy,” Jan Graeber, a senior… Continue Reading
