Federal Reserve Governor Lisa Cook highlighted commercial real estate, private credit and cyber risks as potential issues. Speaking Wednesday (May 8) at the Brookings Institution in Washington, D.C., Cook provided a current assessment of financial stability and highlighted these issues as potential vulnerabilities. The commercial real estate (CRE) sector continues...
A quartet of tech giants is increasing its efforts to promote artificial intelligence (AI) safety standards. Microsoft, OpenAI, Google and Anthropic have named a director for the group, which is aiming to close a gap in worldwide artificial intelligence (AI) regulation, the Financial Times (FT) reported Wednesday (Oct. 24). The four companies...
Underbanked households are often forced to tap predatory lending options when they fall behind on everyday payments, but access to real-time payments can help, says the Brookings Institution’s Aaron Klein. In the latest Real-Time Payments Tracker, Klein discusses how access to faster payment rails can...
One of the lesser-known troubles of the modern economy is the prevalence of unbanked and underbanked individuals. Unbanked individuals lack access to bank accounts while underbanked individuals have bank accounts but rely on alternative non-bank financial services to meet at least some of their financial...
July 07, 2021
One of the lesser-known troubles of the modern economy is the prevalence of unbanked and underbanked individuals. Unbanked individuals lack access to bank accounts while underbanked individuals have bank accounts but rely on alternative non-bank financial services to meet at least some of their financial needs. There are currently 7 million households in the United […]
May 08, 2024
Federal Reserve Governor Lisa Cook highlighted commercial real estate, private credit and cyber risks as potential issues. Speaking Wednesday (May 8) at the Brookings Institution in Washington, D.C., Cook provided a current assessment of financial stability and highlighted these issues as potential vulnerabilities. The commercial real estate (CRE) sector continues to feel the effects of the pandemic and changes in […]
October 25, 2023
A quartet of tech giants is increasing its efforts to promote artificial intelligence (AI) safety standards. Microsoft, OpenAI, Google and Anthropic have named a director for the group, which is aiming to close a gap...
