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Kate Berry

Kate Berry is American Banker's consumer finance reporter. She has been a reporter at the Orange County Register, the Associated Press and Dow Jones Newswires. She began her media career as a clerk at the New York Times.

Recent Stories from This Author

Foreclosed Borrowers Poised to Haunt Mnuchin's Nomination
December 1, 2016 Steven Mnuchin's confirmation hearing is likely to be dogged by stories of homeowners who claim his bank, OneWest, illegally...

CFPB Warns of Employee Incentives After Wells Fargo Scandal
November 28, 2016 The Consumer Financial Protection Bureau warned financial companies on Monday to properly manage employee incentives that can...

Wells Fargo Scandal Prompts Crackdown by Los Angeles
November 28, 2016 The Los Angeles City Council passed a motion last week to restrict large banks vying for city contracts from using predatory...

CFPB Sues Structured Settlement Firm for Alleged Lead Paint Scam
November 21, 2016 The Consumer Financial Protection Bureau filed a lawsuit Monday against a Maryland company that allegedly targeted victims of...

Wells Fargo Stonewalling on Accounts Scandal, Brown Says
November 18, 2016 Sen. Sherrod Brown, the top Democrat on the Senate Banking Committee, sharply criticized Wells Fargo on Friday for failing to...

CFPB Launches Inquiry into Data-Sharing Dispute Between Banks, Fintech
November 17, 2016 The Consumer Financial Protection Bureau issued a proposal Thursday that asks the public to weigh in on consumer access to...

CFPB's Arbitration, Payday Plans May Be Derailed, Gutted
November 13, 2016 The Consumer Financial Protection Bureau's contentious rulemakings on arbitration and payday lending may be in jeopardy with...

Wells Fargo Investigates Claims of Retaliation vs. Whistleblowers
November 10, 2016 CEO Tim Sloan, who took over from John Stumpf last month as the bank tries to put a phony-accounts scandal behind it,...

CFPB's Precarious Future Under Trump
November 9, 2016 President-elect Donald Trump might attempt to remove Consumer Financial Protection Bureau Director Richard Cordray from his...

South Dakota Approves 36% Rate Cap on Payday Lenders
November 9, 2016 Voters in South Dakota on Tuesday overwhelmingly approved a measure to cap interest rates on payday, installment and auto...

South Dakota Is Ground Zero in Battle Over Payday Lending
November 4, 2016 Depending on the outcome of the election, the fight over two conflicting state ballot initiatives could provide a road map for...

CFPB, State Officials Target Two N.Y. Debt Collectors
November 2, 2016 The Consumer Financial Protection Bureau and the New York Attorney General filed a lawsuit Wednesday against two New York debt...

Wells Fargo's Reputational Crisis Is Unlike Any Other
October 25, 2016 The piling on at Wells Fargo has reached an unprecedented level, even for a bank. Fifteen investigations are underway into...

Wells' Answers on SEC Disclosures Raise More Questions
October 24, 2016 Wells Fargo appears to have offered two different reasons for why it failed to inform investors about the investigation into 2...

Calif. AG Investigates Wells Fargo for Criminal Identity Theft
October 19, 2016 The California Department of Justice is investigating Wells Fargo for allegations of criminal identity theft.

Wells Fargo's Hometown Weighs Cutting Ties to Bank
October 18, 2016 Two San Francisco supervisors on Tuesday introduced a resolution that would "end all business with Wells Fargo," in response...

CFPB Blames Servicer Breakdowns for Student Lending Woes
October 17, 2016 Student loan borrowers face breakdowns and delays in applying for repayment plans that feature loan forgiveness or interest...

Wells Fargo Says It Has a New Strategy, Offers Scant Details
October 14, 2016 Wells Fargo’s freshly installed CEO made clear Friday that he wants to chart a new course following the revelation that...

Without Cross-Selling, Will Wells Have to Scale Back Branches?
October 13, 2016 Some analysts are suggesting Wells Fargo should start closing branches, in order to move beyond the phony-accounts scandal,...

Can Tim Sloan Fix Wells Fargo?
October 12, 2016 The new CEO has vowed to clean up the sales practices that tarnished the bank's reputation and cost John Stumpf his job. But...

Podcast
In this episode of Breaking Banks: American Banker's Innovator of the Year, John Hope Bryant of Operation Hope; Richard Brown and Charley Cooper of the blockchain consortium R3; and Ravi Srinivasan, who describes India's drastic move to stamp out cash.