Bank of America expects artificial intelligence (AI) to have a growing effect on the economy next year and beyond. Speaking Monday (Dec. 22) with Bloomberg Television, Bank of America CEO Brian Moynihan said that AI had an increasing impact this ...

The CFPB has issued a new advisory opinion stating that many employer-partnered earned wage access (EWA) products are not “credit” and therefore are not loans subject to the Truth in Lending Act (TILA) and Regulation Z, so long as they ...

“One Chart That Helps Explain Surging Auto Delinquencies” is a Bloomberg Odd Lots newsletter piece (Dec. 22, 2025) that uses a single graphic to link today’s spike in missed car payments to how expensive cars and car financing have become ...

An Ohio appeals court has held that former homeowners in a Cuyahoga County tax‑foreclosure program cannot bring a damages lawsuit for alleged loss of equity, and instead must pursue mandamus to determine any compensation owed.​ What the appeals court decided ...

Neiman Marcus’ parent company, Saks Global Enterprises, is reportedly weighing a Chapter 11 bankruptcy filing as it faces a large year‑end debt payment and ongoing operating struggles. No filing has occurred yet, and sources describe bankruptcy as a “last resort” ...

A.M. Scott Distillery, an Ohio-based craft liquor company, is the latest U.S. spirits brand to file for Chapter 11 bankruptcy protection.​ What brand filed? The filing involves A.M. Scott Distillery LLC, which operates Scotty’s Bottle Parlor in the Troy/Dayton area ...

Fifth Third Bancorp has appointed former Fannie Mae president and CEO Priscilla Almodovar to its board of directors, effective January 7, 2026, succeeding retiring director Thomas H. (Hal) Harvey. Almodovar brings more than 35 years of leadership experience in complex, ...

The headline refers to a recent FTC enforcement push under its new Consumer Review Rule, which targets businesses that use fake or deceptive online reviews and urges consumers to scrutinize reviews more carefully and report suspicious ones. The agency has ...

Throughout the banking history of the United States, credit unions have played a distinctive role in providing financial services to their local small- to medium-sized businesses (SMBs). Rooted in regional communities and built around a member-owned model, credit unions earned ...