On May 9, the U.S. House Committee on Financial Services issued a press release announcing the formation of two task forces: one on financial technology, to be chaired by Congressman Stephen Lynch (D-MA), and the other on artificial intelligence, to be chaired by Congressman Bill Foster (D-IL). Committee chair Maxine Waters (D-CA) said: As new technologies emerge and the […]
In 1978’s Superman the Movie, Superman rescues Lois Lane in mid-fall from a helicopter. Safely depositing her on her feet, he says, “Well, I certainly hope this little incident hasn’t put you off flying, miss. Statistically speaking, of course, it’s still the safest way to travel.” In the wake of the recent theft of over 7,000 […]
In 2016, The Financial Brand took a forward look at open banking, claiming that it … … would give both customers and businesses the freedom to access all bank data in real-time, ultimately giving them more accurate and up to date information on finances … customers will be able to compare and save on their accounts and […]
Ah, spin. When advertising agencies called on me in my prior job, I admired their ability to spin opposite traits as advantageous. For instance, larger agencies claimed they could better service our account because they had the needed internal resources. Smaller ones claimed they could better service our account because they were leaner, nimbler, and hungrier. Ergo, larger agencies could […]
I know a family that, some years ago, replaced their standard mailbox with a locking mailbox. Someone had stolen an order of checks from the mailbox and gone on a spending spree. The family, if you can imagine, didn’t care for that. Those were the days. Now people are making a business of stealing and […]