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Consumer Group Aims to Close Quarter-Billion ‘Gift Card Loophole’
Consumer Group Aims to Close Quarter-Billion ‘Gift Card Loophole’
January 09, 2024  |  Retail

A consumer group is campaigning to change Washington state’s 20-year-old gift card law. As noted in a recent Ars Technica report, the Washington Consumer Protection Coalition (WCPC)...

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Bank of America Adds ‘Insights’ to CashPro Platform
Bank of America Adds ‘Insights’ to CashPro Platform
January 09, 2024  |  Digital Banking

Bank of America has debuted an analytics tool for its CashPro digital banking platform. CashPro Insights, announced Tuesday (Jan. 9), is designed to let the bank’s corporate and...

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Banyan Names Citi Veteran Alpesh Chokshi as President
Banyan Names Citi Veteran Alpesh Chokshi as President
January 09, 2024  |  Personnel

Item-level receipt data platform Banyan has named financial industry veteran Alpesh Chokshi as president. Chokshi, whose appointment was announced Tuesday (Jan. 9), joins Banyan following a stint as global...

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Crypto Firms Fined $5.8 Billion in 2023 For Loose Financial Controls
Crypto Firms Fined $5.8 Billion in 2023 For Loose Financial Controls
January 09, 2024  |  Cryptocurrency

Cryptocurrency and FinTech companies were fined $5.8 billion in 2023 for lax financial controls. That figure marks the first time fines against these groups exceed...

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Judges in England and Wales Can Use AI for Writing
Judges in England and Wales Can Use AI for Writing
January 08, 2024  |  artificial intelligence

Judges in England and Wales can now use artificial intelligence (AI) to assist them in writing legal rulings. The Courts and Tribunals Judiciary said in a December guidance that...

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Qashio and CredibleX Launch Business Financing Solution in MENA Region 
Qashio and CredibleX Launch Business Financing Solution in MENA Region 
January 08, 2024  |  Partnerships

Qashio and CredibleX have partnered on an initiative to provide financing to businesses in the Middle East and North Africa (MENA) region.  The new Qashio Financing solution...

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loanDepot Says Cybersecurity Incident Accessed Some Systems, Encrypted Data
loanDepot Says Cybersecurity Incident Accessed Some Systems, Encrypted Data
January 08, 2024  |  Cybersecurity

Mortgage company loanDepot experienced a cybersecurity incident on Monday (Jan. 8). In a cyber incident update posted on its website on Monday at 6 a.m. ET and remaining there...

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OpenAI Says New York Times Lawsuit Surprising and Without Merit 
OpenAI Says New York Times Lawsuit Surprising and Without Merit 
January 08, 2024  |  artificial intelligence

OpenAI said The New York Times lawsuit targeting it is without merit.  The creator of the artificial intelligence (AI) chatbot ChatGPT said in a Monday (Jan....

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CVS Expects 4th Quarter Medical Costs to Exceed 86% of Premiums
CVS Expects 4th Quarter Medical Costs to Exceed 86% of Premiums
January 08, 2024  |  Healthcare

CVS Health is warning that its fourth-quarter medical costs may be higher than anticipated. The pharmacy and health insurance company’s finance chief said at a...

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