[LINKS]: Links of the week

See all the links and our weekly headline roundup here.

  • CFPB’s Increasing Activism Poised to Reshape 2024 Banking Landscape: The Consumer Financial Protection Bureau’s intensified regulatory stance is expected to bring significant changes to banking practices and consumer protections in 2024. Read more
  • Rising Anxiety: One in Eight in Debt Fear Opening Mail: A growing number of individuals in debt experience heightened anxiety, avoiding mail due to financial worries. Read more
  • Household Bills Surge by £326, Squeezing Budgets: Families across the UK face increased financial strain as essential household bills rise sharply. Read more
  • Critical Distress Hits 4,500 UK Retailers Amid Economic Pressures: A significant number of UK retailers confront critical financial challenges, attributed to weak sales and inflation. Read more
  • AI Nationalism Emerges as Global Tech Trend: Countries are increasingly focusing on developing their own AI technologies as part of a broader trend towards AI nationalism. Read more
  • CFPB to Influence 2024 State of the Union Agenda: The bureau’s actions are expected to be a key topic in the 2024 State of the Union speech, particularly regarding credit card and overdraft fee regulations. Read more
  • National Debtline Urges Open Dialogue on Financial Worries: Amid growing financial anxieties, National Debtline advocates for proactive communication about financial struggles. Read more
  • Increased Living Costs Heighten Financial Burden on UK Households: The escalation in household expenses, including utilities and taxes, is impacting the financial stability of UK families. Read more
  • Retail Sector Faces Unprecedented Challenges in New Year: The UK’s retail industry enters a period of uncertainty, with a significant number facing severe financial distress. Read more
  • Global AI Race Intensifies as Nations Prioritize Local Developments: The competition in AI technology is heating up worldwide, with nations focusing on developing local AI capabilities. Read more
  • CFPB’s Scrutiny on Credit Card and Overdraft Fees Intensifies: The bureau is expected to implement stricter regulations on credit card late fees, overdraft fees, and nonsufficient funds fees. Read more
  • Financial Anxiety Leads to Mail Avoidance Among Indebted Individuals: A concerning trend emerges as debt-laden individuals show reluctance to open mail, indicating financial stress. Read more
  • UK Households Grapple with Rising Costs of Utilities and Taxes: The increase in essential living costs is exerting additional financial pressure on families in the UK. Read more
  • Uncertainty Looms for Thousands of UK Retailers in New Year: Economic challenges, including inflation and interest rates, put a strain on the retail sector, affecting thousands of businesses. Read more
  • AI Nationalism Marks a New Phase in Global Tech Development: National initiatives in AI development are shaping a new era in technology, focusing on domestic AI advancements. [Read more](https://www.economist.com/business/2024/01
See also  LINKS ¦ Headlines and stories of interest - this week

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