With each year, technology helps us to work smarter in some ways but not so smart in other ways. One critical area as generative AI becomes increasingly our personal assistant is to not outsource the upholding of fair housing laws. Why?If you did not know, generative AI already has instances of cont

Wells Fargo‘s internal credit-scoring algorithm is at the center of a lawsuit that plaintiffs say resulted in more than 100,000 disparately impacted minority applicants. The lawsuit stems from a 2022 Bloomberg investigation that found Wells Fargo was the only large bank to deny more Black applicants

New-home purchase mortgage applications rose 1% month over month and 13.8% year over year in May, according to data released Thursday by the Mortgage Bankers Association (MBA).The data is derived from the trade group’s survey of homebuilders. The MBA also estimated that sales of new single-family ho

Today’s double event of the CPI inflation report and the Fed meeting gave us something that I have been waiting for: a hint from Fed Chairman Jay Powell that the labor market has softened. Today he acknowledged what I have been talking about for months: the Fed’s key data lines are at pre-COVID-19 l