creditnews: “Homeownership is one of the key pillars of the American dream. But for many families, the idyllic fantasy of a picket fence and backyard barbecues remains just that—a fantasy. Thanks to elevated mortgage rates, sky-high house prices, and scarce inventory, millions of American families have been locked out of the opportunity to buy a… Continue Reading
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Category Archives: Financial System
Organized Crime and Corruption Reporting Project
“The Organized Crime and Corruption Reporting Project connects 45 non-profit investigative centers in 34 countries, scores of journalists and several major regional news organizations across Europe, Africa, Asia, the Middle East and Latin America. We work to turn the tables on corruption and build greater accountability through exposing the abuse of power at the expense… Continue Reading
SEC Updates Website to Improve Compliance, Functionality, and User Experience
“The Securities and Exchange Commission today announced enhancements to its website to improve compliance with federal statutes and standards as well as the site’s functionality. The updates will improve the website’s user experience for market participants and the public. “I’m pleased that these updates will improve our website’s compliance with federal standards,” said SEC Chair… Continue Reading
The Secret IRS Files – Inside the Tax Records of the .001%
ProPublica: “In 2007, Jeff Bezos, then a multibillionaire and now the world’s richest man, did not pay a penny in federal income taxes. He achieved the feat again in 2011. In 2018, Tesla founder Elon Musk, the second-richest person in the world, also paid no federal income taxes. Michael Bloomberg managed to do the same… Continue Reading
LLRX June 2024 Articles and Columns
Protecting the Vulnerable: Navigating Online Risks for Minors – Veronica Garrick PowerPoint Has Its Problems – Jerry Lawson AI in Banking and Finance, June 30, 2024 – This semi-monthly column by Sabrina I. Pacifici highlights news, government documents, NGO/IGO papers, industry white papers, academic papers and speeches on the subject of AI’s fast paced impact… Continue Reading
AI in Finance and Banking June 30, 2024
Via LLRX – AI in Finance and Banking June 30, 2024 – This semi-monthly column by Sabrina I. Pacifici highlights news, government documents, NGO/IGO papers, 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 sources, and… Continue Reading
ABA Financial Literacy
“The American Bar Association Tort Trial and Insurance Practice Section (TIPS) and the National Urban League are collaborating with Thomson Reuters to promote financial literacy. The goal of the partnership is to promote economic empowerment by equipping individuals with the knowledge and tools needed to own their financial future. The project bolsters efforts to reach… Continue Reading
Generative AI Resources 2024
Via LLRX – Generative AI Resources 2024 – Referencing an article in this month’s Georgetown Law Technology Review, “…traditional AI algorithms normally operate by carrying out a specific function or completing a task using a data set that contains information on how that function or task has previously been done In other words, traditional AI is… Continue Reading
Mapping the World’s Readiness for Artificial Intelligence Shows Prospects Diverge
IMF – “New AI Preparedness Index Dashboard tracks 174 economies based on their digital infrastructure, human capital, labor policies, innovation, integration and regulation, Giovanni Melina June 25, 2024. Artificial intelligence can increase productivity, boost economic growth, and lift incomes. However, it could also wipe out millions of jobs and widen inequality. Our research has already… Continue Reading
US banks seek to open vendors’ black box on green data
Risk.net – Inaugural Fed climate scenario analysis flags lack of transparency around third-party models: “The US Federal Reserve and the country’s largest banks have had their differences, especially in recent months. But the regulator’s first ever climate scenario analysis has revealed a common cause: frustration over the climate risk models provided by third party vendors.… Continue Reading
Negative Emotions Fell Globally for the First Time Since 2014
“The world was beset by conflict in 2023 — as the war between Ukraine and Russia dragged on and a new one broke out between Israel and Hamas — but it was in a better place emotionally than it was at the height of the pandemic. Negative emotions dipped for the first time in a… Continue Reading
America in Facts 2024: A Data-Driven Report for Congress
“To create America in Facts 2024, USAFacts interviewed Congressional staff on their topics of interest and the challenges they face when using data. These interviews spanned the House of Representatives and the Senate, included Republicans and Democrats, and identified several topics that we used to inform this report. We hope that members of Congress and… Continue Reading
