The Federal Deposit Insurance Corporation (FDIC) released its Q3 Quarterly Banking Profile, showcasing the current state of the banking sector amidst ongoing challenges in the commercial real estate (CRE) market....
Biden Administration Sets New Overdraft Fee Limits, Sparks Banking Sector Frustration
The Consumer Financial Protection Bureau (CFPB) has unveiled a groundbreaking rule set to limit overdraft fees imposed by banks, effective October 1, 2025. This move aims to curb the substantial...
Indian Banks and NBFCs Take Bold Steps to Integrate Climate Risk into Portfolios
As climate change continues to reshape global economies, Indian financial institutions are increasingly recognizing the imperative to integrate climate risk into their investment and lending portfolios. Over the past year,...
100th Banking Hub Opens to Ensure Cash Accessibility for Local Communities
As local bank branches continue to close across the country, the introduction of banking hubs has become a lifeline for many communities. The unveiling of the 100th banking hub marks...
Japan Business Survey Shows Slight Improvement in Outlook for Manufacturers
A recent quarterly survey conducted by Japan’s central bank indicates a modest improvement in business sentiment, particularly among major heavy industries such as automaking, fossil fuels, and machinery. However, the...
Two Korean Business Leaders Make Forbes’ ‘Most Powerful Women’ List
Forbes has unveiled its 2024 list of the “World’s 100 Most Powerful Women,” spotlighting two prominent South Korean executives: Lee Boo-jin, CEO of Hotel Shilla, and Choi Soo-yeon, CEO of...
Last-Minute Tech Gifts from Walmart: Your Ultimate Holiday Rescue
As the holiday season approaches, many find themselves scrambling to complete their shopping lists. If procrastination has become your trusted companion this year, fear not—Walmart is here to save the...
OMB Unveils Federal Tech Impact Report as Biden Administration Concludes
As the Biden administration approaches its final days, the Office of Management and Budget (OMB) has released a detailed impact report on federal technology initiatives. The report highlights significant progress...
Middlebury Cannabis Business Sues Vermont Regulator Over Free Speech
FLŌRA Cannabis, a cannabis retailer based in Middlebury, has filed a civil lawsuit against the Vermont Cannabis Control Board (CCB), alleging that state-imposed advertising restrictions violate constitutionally protected free speech...
AI Emotion Recognition: Promises, Pitfalls, and the Path Forward
Can artificial intelligence discern your emotions? Tech companies say yes, claiming their AI-enabled emotion recognition software can identify feelings like happiness, sadness, anger, or frustration. It sounds like something straight...