financial services

Financial services are the economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies.

Source: en.wikipedia.org

CFPB Ends Enforcement of Registry of Consumer Law-Breaking Nonbank Financial Companies
CFPB Ends Enforcement of Registry of Consumer Law-Breaking Nonbank Financial Companies
April 11, 2025  |  CFPB

The Consumer Financial Protection Bureau (CFPB) said Friday (April 11) that it will not prioritize enforcement of a regulation requiring a registry of nonbank financial companies...

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Wells Fargo Seeks Greater Fee-Based Traction While Economic Ambiguity Reigns
Wells Fargo Seeks Greater Fee-Based Traction While Economic Ambiguity Reigns
April 11, 2025  |  Earnings

Economic uncertainty is casting a long shadow over the year ahead. Bank leaders are framing 2025 as a year of “wait and see” marked by...

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Gen Digital’s Acquisition of MoneyLion Expected to Close April 17
Gen Digital’s Acquisition of MoneyLion Expected to Close April 17
April 11, 2025  |  Acquisitions

MoneyLion said Thursday (April 10) that its shareholders voted to approve the company’s previously announced proposed acquisition by Gen Digital. The provider of financial wellness...

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High-Income Earners Have a Secret: Uncertainty is Impacting Them Too
High-Income Earners Have a Secret: Uncertainty is Impacting Them Too
April 07, 2025  |  Consumer Insights

In recent years, the narrative of financial insecurity has predominantly centered on middle and lower-income groups. However, a subtle but significant shift is emerging among...

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Plaid Raises $575 Million Amid Focus on New Products
Plaid Raises $575 Million Amid Focus on New Products
April 03, 2025  |  Investments

Digital finance platform Plaid says it has raised $575 million in new funding. The financing, announced in a Thursday (April 3) blog post, follows a year in which the...

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Agentic AI Is Ready. Are Banks Prepared to Use It?
Agentic AI Is Ready. Are Banks Prepared to Use It?
April 03, 2025  |  artificial intelligence

Agentic artificial intelligence (AI) has become more than a buzzword in a very short period of time. One reason for its progress into legitimacy is...

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This Week in AI: OpenAI, State Laws and Google Gemini
This Week in AI: OpenAI, State Laws and Google Gemini
March 28, 2025  |  artificial intelligence

This week in AI saw mega-fundraising as well as states shifting their regulations to focus more on growth than risk mitigation. Meanwhile, financial service firms...

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SEC Roundtable Reveals Cautious Approach to GenAI Adoption in Finance
SEC Roundtable Reveals Cautious Approach to GenAI Adoption in Finance
March 28, 2025  |  artificial intelligence

Financial services companies are still in the early innings of deploying generative and agentic artificial intelligence (AI) despite the rhetoric coming from AI vendors, industry...

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Block Cuts 8% of Staff Citing ‘Strategy’ and ‘Performance’ Issues
Block Cuts 8% of Staff Citing ‘Strategy’ and ‘Performance’ Issues
March 26, 2025  |  Personnel

Financial services company Block has reportedly laid off 8% of its workforce. The job cuts impact 931 people, TechCrunch reported, citing a Tuesday (March 25) email from Block...

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