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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

CFPB Cites Audio Recording in $10.6M Fine Against BancorpSouth
June 29, 2016 BancorpSouth Bank agreed Wednesday to a $10.6 million settlement with the Consumer Financial Protection Bureau and the Justice...

Supreme Court Agrees to Hear Wells vs. City of Miami Mortgage Case
June 28, 2016 The Supreme Court on Monday agreed to hear an appeal by Wells Fargo and Bank of America in a lawsuit brought by the city of...

Community Banks, Credit Unions Join Forces Against CFPB's Payday Plan
June 27, 2016 Community banks and credit unions would be forced to stop making short-term, small dollar loans if the Consumer Financial...

Small Banks Become Collateral Damage in CFPB's Payday Plan
June 22, 2016 Community bankers are trying to determine how they can offer affordable small-dollar loans that fit within the Consumer...

CFPB Slams Mortgage Servicers for Failing to Invest in Technology
June 22, 2016 Mortgage servicers have failed to make significant investments in technology and compliance systems, resulting in substantial...

Significant Slice of CFPB Survey Respondents Claim Discrimination: GAO
June 21, 2016 A quarter of African-American, Asian and female employees of the Consumer Financial Protection Bureau who responded to a...

Who's Behind the Campaign Attacking CFPB Chief Cordray?
June 16, 2016 Richard Cordray, the director of the Consumer Financial Protection Bureau, is the target of a new TV ad campaign that alleges...

Sizing Up the CFPB's Favorite Enforcement Targets
June 14, 2016 Mortgage lenders, debt collectors and credit card companies have borne the brunt of the Consumer Financial Protection Bureau's...

Why the CFPB's Sweet Spot for Installment Loan APR Is 36%
June 8, 2016 Lenders are questioning the legal justification for the Consumer Financial Protection Bureau's putting a 36% annual percentage...

CFPB Sues Payment Processor Intercept for Unfair Practices
June 6, 2016 The Consumer Financial Protection Bureau filed a lawsuit Monday against payment processer Intercept Corp. and its two top...

CFPB's Payday Plan May Upend State Usury Laws
June 2, 2016 The Consumer Financial Protection Bureau's complex payday lending proposal is sparking concerns that state legislatures will...

CFPB's Payday Lending Proposal Would Shut Out Banks
June 1, 2016 The Consumer Financial Protection Bureau's long-awaited proposal to establish the first federal rules for payday, auto title...

Four Things to Watch for in the CFPB's Payday Lending Proposal
May 31, 2016 The Consumer Financial Protection Bureau will unveil sweeping federal regulations Thursday for payday lenders that could open...

CFPB Data on Auto Title Loans Is Flawed, Academics Say
May 26, 2016 Academics are challenging the Consumer Financial Protection Bureau's study of auto title loans, calling the findings...

Bankers Cry Foul Over CFPB Overdraft Data Collection
May 23, 2016 The Consumer Financial Protection Bureau is making an end run around existing regulations to collect new data on overdraft...

CFPB Sets Timetable to Supervise Overdraft, Debt Collection
May 19, 2016 The agency posted its semiannual rulemaking agenda on a blog late Wednesday updating the next steps it will take on...

Industry Advocates Rail Against CFPB's Arbitration Plan
May 18, 2016 The Consumer Financial Protection Bureau's proposal to limit the use of arbitration clauses came under attack Wednesday for...

CFPB Set to Release Payday Lending Proposal on June 2
May 18, 2016 The bureau said Wednesday that it plans to hold a public hearing in Kansas City, Mo., to discuss small-dollar lending. The...

Data Grab in CFPB's Arbitration Plan Spooks Industry
May 18, 2016 The Consumer Financial Protection Bureau's proposal to restrict the use of arbitration clauses would allow it to seize...

CFPB Trains Sights on Auto Title Lending
May 17, 2016 The Consumer Financial Protection Bureau found that one in five borrowers who take out short-term auto title loans have their...

FICO on Why Its Scores Are Still Relevant
Marketplace lenders have been declaring "FICO-free Zones" and playing down the need for the longstanding measure of creditworthiness. FICO CEO Will Lansing explains how the company's score is evolving and why he believes FICO remains the best (not necessarily the only) way to determine ability to repay a loan.
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