PlanSponsor: “The U.S. Department of Labor’s Employee Benefits Security Administration on December 27 launched the public Retirement Savings Lost and Found Database, a tool designed to help America’s workers and beneficiaries search for retirement plans that may still owe them benefits. Created as part of the SECURE 2.0 Act of 2022, the database serves as… Continue Reading
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Category Archives: Financial System
Artificial Intelligence in Financial Services
Department of the Treasury – Report on the Uses, Opportunities and Risks of Artificial Intelligence in the Financial Services Sector, December 2024. “This report provides background on the use of AI in financial services based on respondents’ comments and building on observations from previous Treasury reports and stakeholder engagement,5 highlights Treasury’s ongoing efforts to evaluate… Continue Reading
Pete Recommends – Weekly highlights on cyber security issues, December 28, 2024
Pete Recommends – Weekly highlights on cyber security issues, December 28, 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
Cash is King: The surprising truth about spending habits in a cashless world
University of Surrey: “In a paper published in Qualitative Market Research, researchers detail as cash fades from our wallets, so too does our awareness of spending, leading to impulsive and unnecessary purchases. The study suggests that maintaining a physical element in our payment systems may be vital for promoting responsible spending behaviours. Dr Jashim Khan,… Continue Reading
New Site for Federal Government Workers
Civil Service Strong – “Our nation depends on a strong, non-partisan civil service. The U.S. civil service — 2.2 million federal workers who live and work in every state across the country — works for the American people, safeguards our democracy, and upholds the rule of law. Strong civil servants embody the values of integrity,… Continue Reading
The 30-Year Mortgage Wasn’t Designed for Climate Chaos
Bloomberg: “…A different kind of perfect storm had hit the Pelleys: volatile weather, a country failing to keep up with rising flood risk and a mortgage industry writing loans without considering the future of the environment around the home. Homeowners in Florida and California have already been trying to reconcile their mortgage duration and dwindling… Continue Reading
Senate Judiciary Committee Investigative Report on Ethical Crisis at the Supreme Court
The culmination of a 20-month investigation, the staff report features new information and a comprehensive analysis of the ongoing ethics challenge at the Supreme Court. The Senate Judiciary Committee, chaired by U.S. Senate Majority Whip Dick Durbin (D-IL), released the findings of its 20-month investigation into the ethical crisis at the Supreme Court, including the… Continue Reading
The Breachies 2024: The Worst, Weirdest, Most Impactful Data Breaches of the Year
EFF: “Every year, countless emails hit our inboxes telling us that our personal information was accessed, shared, or stolen in a data breach. In many cases, there is little we can do. Most of us can assume that at least our phone numbers, emails, addresses, credit card numbers, and social security numbers are all available… Continue Reading
Publishers Battle for the C-Suite
The New York Times [unpaywalled] – “Numerous media outlets, looking for new lucrative lines of business, are pursuing newsletters and events aimed specifically at top executives. When the digital news start-up Semafor began in 2022, its founders talked about reaching a vast global audience of 200 million college-educated, English-speaking people. But their latest push is… Continue Reading
American Autocracy Threat Tracker
State Democracy Defenders Action: “President-elect Donald Trump has said he will be a “dictator on day one.” Our American Autocracy Threat Tracker comprehensively catalogs all of Trump’s and his allies’ Project 2025 and other specific plans and promises. We also catalog potential bipartisan solutions to address the threat both now and should it come to… Continue Reading
Are adults forgetting how to read?
The Economist – A survey by the OECD suggests so – “Are you smarter than a ten-year-old? New data suggest that a shockingly large portion of adults in the rich world might not be. Roughly one-fifth of people aged 16 to 65 perform no better in tests of maths and reading than would be expected… Continue Reading
AI in Finance and Banking – December 16, 2024
AI in Finance and Banking – December 16, 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 provided… Continue Reading
