Politics

House Republicans and lawmakers on the Senate Banking Committee questioned the culture at the Federal Deposit Insurance Corp. after a Wall Street Journal report alleged a climate of sexual harassment and misogyny.

The FDIC launched a campaign Wednesday to educate the public about the importance of deposit insurance, a move designed to counter lingering concerns arising from this spring's bank failures and the resurgence of imitation banks.

William Van Faasen, former chairman and CEO of Blue Cross Blue Shield Massachusetts, encourages carriers to prepare to add marijuana to their formularies.

The indictment of Sen. Bob Menendez, D-N.J., is inconvenient for some Democratic priorities, but unlikely to impact a cannabis banking bill up for debate in the Senate Banking Committee.

A combination of economic and environmental factors are sending property and flood coverage premiums soaring, which can make costs insurmountable for some.

Federal Reserve Board Gov. Lisa Cook said artificial intelligence holds great promise for the economy, but stressed the importance of human choice in decision making, both financial and otherwise.

The proposal will be discussed before the NAIC's Valuation of Securities Task Force, a group consisting of state representatives.

The industry may want to build its own large language model.

Mario Greco, who led his firm out of the Net Zero Insurance Alliance earlier this year amid a wider exodus from the group, has spoken out against the network of voluntary climate alliances that represent some of the biggest names in global finance, calling them "political and bureaucratic."

The problem is clear: Existing weather is visibly outrunning our combined efforts to stem global warming. Humans are losing the race against heat.

The UN Environment Programme, which convened NZIA two years ago, said Wednesday in a statement that NZIA members will no longer be obligated to set or publish targets.

Synthetic fraud — which combines real and false identifying information — has been a niche variety of identity theft for some time. But recent advancements in artificial intelligence and people's access to it might bring it into the mainstream in a big way.

Silicon Valley Bank and its customers favored the simplicity and convenience of eschewing deposit insurance coverage despite the risks. Some experts say regulators' decision to make depositors whole might be sending the industry the wrong message.

The Biden administration is set to release an aggressive new national cybersecurity strategy.

The free market must encourage higher cost providers to lower their prices, or those with poorer outcomes to improve by adopting best practices.

The closely watched case — which goes to the heart of how the Consumer Financial Protection Bureau operates — could have a huge impact on consumers, the agency and the many industries it oversees and those it seeks to regulate.

The cut reverts the mortgage insurance requirement to pre-financial crisis levels.

Democrats contend Finance Committee Chair Patrick McHenry has made the regulation of digital assets a priority over industry diversity.

Special purpose credit programs, down payment assistance and potential mortgage insurance premium cuts came into focus over the past year.

After months of delay, Congress has passed its landmark retirement legislation. Here's what advisors should know about it.