'Radically different' regulators; AI missteps; Scotiabank gets OK to increase KeyCorp stake
American Banker
In-depth analysis, perspective and commentary on key issues affecting the banking industry.
Ex-OCC head: Expect 'radically different' regulators: Brian Brooks, former acting Comptroller of the Currency in the first Trump administration and advisor to the president-elect's transition team, said new agency heads will open up commercial real estate lending, approach credit risk management differently and privatize Fannie Mae and Freddie Mac.
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UnitedHealthcare's AI missteps a cautionary tale for banks: Numerous reports and lawsuits have criticized the health insurer for using algorithms to ramp up denials of coverage.
Scotiabank gets Fed approval to be KeyCorp's largest shareholder: The Canadian bank received approval from the Federal Reserve to increase its ownership stake in KeyCorp to up to 14.9%.
French Hill named chairman of House Financial Services Committee: The Arkansas Republican pledges to reduce excessive regulation and align financial policies with GOP goals.
How 'Uberization' drives embedded payments: Execs from U.S. Bancorp and Keybank discuss how emerging technology makes it easier to replicate the near invisible checkout that car-sharing riders enjoy.
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