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Category Archives: Financial System

AI in Finance and Banking, January 15, 2025

Via LLRX – AI in Finance and Banking, January 15, 2025 – 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

When Do Parties Lie? Misinformation and Radical-Right Populism Across 26 Countries

Törnberg, P., & Chueri, J. (2025). When Do Parties Lie? Misinformation and Radical-Right Populism Across 26 Countries. The International Journal of Press/Politics, 0(0). https://doi.org/10.1177/19401612241311886 “The spread of misinformation has emerged as a global concern. Academic attention has recently shifted to emphasize the role of political elites as drivers of misinformation. Yet, little is known of… Continue Reading

How a major bank cheated its customers out of $2 billion

Popular Information: “An explosive new lawsuit filed by the Consumer Financial Protection Bureau (CFPB) alleges that Capital One bank cheated its customers out of $2 billion. According to the lawsuit, Capital One deceived and abused its depositors, baiting them with promises of high interest rates before switching the terms and paying little interest. The CFPB… Continue Reading

The home insurance crisis can’t be fixed with money alone

Semafor: “The devastating wildfires that are sweeping Los Angeles may accelerate the flight of home insurance companies from California in spite of recent regulatory changes aimed at retaining them, the state’s previous top insurance official told Semafor. At least two major fires are still raging largely uncontained, aided by ongoing high winds, and 24 people… Continue Reading

Pete Recommends – Weekly highlights on cyber security issues, January 11, 2025

Pete Recommends – Weekly highlights on cyber security issues, January 11, 202 – 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

LA wildfire damages set to cost record $135 Billion – 10,000+ buildings destroyed

Semafor – “JPMorgan said this morning, more than double an earlier estimate. That comes as those companies are still rebuilding their reserves from the 2017 and 2018 wildfire seasons, which included the deadly Camp Fire in California. Insurers have been fleeing California in recent years as weather-related catastrophes become more common, pushing more homeowners to… Continue Reading

Experian Conducted ‘Sham Investigations’ Into Errors in Its Credit Reports

Gizmodo: “Experian has routinely provided inaccurate information in credit reports that help determine whether consumers are approved for loans, jobs, or housing and failed to properly investigate or correct errors when consumers disputed the mistakes, according to a lawsuit filed Tuesday by the Consumer Financial Protection Bureau. CFPB data shows that last year the agency… Continue Reading

CFPB Finalizes Rule to Remove Medical Bills from Credit Reports

“Today, the Consumer Financial Protection Bureau (CFPB) finalized a rule that will remove an estimated $49 billion in medical bills from the credit reports of about 15 million Americans. The CFPB’s action will ban the inclusion of medical bills on credit reports used by lenders and prohibit lenders from using medical information in their lending… Continue Reading

LLRX December 2024 Articles and Columns

December 2024 – LLRX.com® – the free web journal on law, technology, knowledge discovery and research for Librarians, Lawyers, Researchers, Academics, and Journalists. Founded in 1996. January 1, 2025 is Public Domain Day: Works from 1929 are open to all, as are sound recordings from 1924 – by Jennifer Jenkins. AI in Finance and Banking,… Continue Reading

The Changing Medical Debt Landscape in the United States

Urban.org: “Medical debt can intensify financial challenges, affect health care access, and potentially worsen health outcomes. Starting in 2022, the three nationwide credit reporting companies made significant changes to medical debt reporting. Paid medical collections were removed from credit reports, debt in collections would no longer be used in calculating Vantage credit scores, the grace… Continue Reading

AI in Finance and Banking, December 31, 2024

Via LLRX – AI in Finance and Banking, December 31, 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 links… Continue Reading