Government news and trends

What Lies Ahead for the CFPB as Trump 2.0 Takes Shape?
Regulation // November 06, 2024

As Donald Trump retakes the reins of power, the uncertainty over who occupies the White House is over. Republicans are retaking the Senate, and the House is still up for grabs as of Wednesday morning (Nov. 6). There’s at least some uncertainty removed from the...

A Pro-Crypto President: What Trump 2.0 Holds for Blockchain’s Future
Cryptocurrency // November 06, 2024

The price of bitcoin hit a new all-time high Wednesday (Nov. 6), and America elected a new president. The two are far from unrelated. Following the projected victory of Donal Trump in the U.S. presidential elections, bitcoin briefly shot north of $75,000, breaking the prior...

Rigged Bids Drive Spikes in B2B Procurement Fraud
Fraud Prevention // November 04, 2024

Procurement fraud is a growing problem in B2B transactions, and it’s even hitting Uncle Sam. With the recent news that six IT contractors have been charged for their roles in “schemes to rig bids, defraud the government and pay bribes and kickbacks in connection with...

Beneath Data Distortions, Jobs Market Shows Signs of Normalizing
Economy // November 01, 2024

The U.S. economy added the equivalent of a large company in October, according to data released Friday (Nov. 1) from the Bureau of Labor Statistics. More than 12,000 positions were added last month, which missed estimates of 100,000 roles. Stocks roared out of the gate,...

Interviews & Exclusives
Meta, Klarna and Spotify Join Call for EU Regulations for AI

September 25, 2024
As European tech leaders urge regulatory clarity to stay competitive in artificial intelligence, New York lawmakers contemplate stricter controls, highlighting the global struggle to balance innovation and oversight. Meanwhile, industry figures like Appian CEO Matt Calkins demand stronger IP protections, underscoring the challenges facing policymakers and businesses in the rapidly evolving AI landscape. European Tech […]

Report Finds That Faster Payments Boost Federal Reserve Banks’ Bottom Line

August 21, 2024
The Federal Reserve’s latest report to Congress offered a snapshot of money spent — and returns on investment — on all manner of payment systems. As real-time fund flows gain...

Inflation Is Down. Will Paycheck-to-Paycheck Consumers Notice?

August 14, 2024
Inflation is at a multiyear low, according to July’s Consumer Price Index from the U.S. Department of Labor. Inflation has broken through an important psychological barrier, so to speak. The...

Sovos CEO Says Government Tax Compliance Mandates Push CFOs to Modernize

July 11, 2024
Governments around the world are using mandates to modernize and digitize all manner of activities, including how they collect taxes. To get a sense of the task at hand and...

Quick Reads
UK Launching Platform to Boost Business Trust in AI

November 06, 2024
The U.K. is providing a platform to help businesses assess and mitigate the risks associated with artificial intelligence (AI) as its use becomes more widespread. A press release from the U.K. government Wednesday (Nov. 6) described the AI safety assurance platform as a “one-stop-shop” for guidance and resources to equip businesses to conduct their own […]

BPI: FDIC Bank Merger Rules Will Have ‘Chilling Effect’

October 29, 2024
The Federal Deposit Insurance Corp.’s finalized Statement of Policy on Bank Merger Transactions will have a “chilling effect” on bank mergers and other strategic decisions on investment, risk management and...

Job Openings Drop to Lowest Level Since Early 2021

October 29, 2024
The number of job openings in the United States declined to 7.4 million in September, down from 7.9 million in August and 9.3 million in September 2023. The Bureau of...

Oracle Health to Join US Government Health Information Sharing Program

October 28, 2024
Oracle Health plans to apply for status that will enable its healthcare customers to participate in the U.S. government’s nationwide approach to offering the sharing of health information between providers...