Mortgage Servicers Need Rules for Borrower AI Agents

Two former soccer-star brothers from Colorado have built a niche buying run-down properties and giving them a hipster makeover. Now, they may be bringing their formula to Carroll Gardens. Dawson and Wells Stellberger are the names behind Happier Grocery, the buzzy Soho market that has grown into a community and event space with a distinctly…

Paramount Skydance’s streaming chief is out as it closes in on its deal with Warner Bros. Discovery. Cindy Holland told staffers in a memo obtained by Business Insider on Tuesday that it would be her last day at the company. Holland said the decision came as CEO David Ellison prepares for the $110 billion merger….

Technology cannot be expected to exercise professional scepticism on the auditor’s behalf. While it can inform their professional judgement, auditors cannot invoke tech tools to explain an inappropriate conclusion, the National Financial Reporting Authority (NFRA) said on Friday.    In its first paper on “Staff Series on Technology in Audit,” NFRA laid down…

Key insight: The scheme did not defeat account opening so much as what comes after it. CB Surety sold clients access to merchant accounts and then sold them a way to survive the ongoing monitoring that decides whether an account stays open. What’s at stake: Visa and Mastercard already require acquiring banks to watch for…

Warsh has been explicit about his skepticism of forward guidance, the practice of telegraphing future rate moves. Williamson said that shift has direct implications for mortgage rate volatility, since a CPI print, an employment report, or a Fed governor’s speech can now move rates in ways that would previously have been dampened by explicit guidance….