The former FDIC chairman said during a recent conference call that banks with a traditional model — essentially community banks — have been hurt by the Fed's interest rate policy and the trickle-down tactics of regulation.
President Obama signed the Dodd-Frank Act five years ago this month, but the battle over the law's impact and legacy goes on. Several top lawmakers spoke to American Banker about how their views have evolved since the law's passage. Here are some highlights from those conversations.
Cyber threats or fraud may present bigger direct risks to banks, but many chief risk officers spend enormous amounts of time on the more tangible concern of keeping up with ever-growing regulatory expectations and requirements.
Equal-opportunity small business lending can go a long way toward helping minority groups rebuild the wealth lost during the Great Recession. The CFPB has delayed implementing reporting requirements that could close the credit gap for far too long.
As Dodd-Frank's impact continues to be felt far beyond banks' compliance departments, American Banker is your eyes and ears. In addition to our award-winning coverage, we now also scour a range of resources to aggregate even more of the news you need on this vital topic.
From Nuptials to Nose Jobs: Marketplace Lending's Odd Niches
As investment dollars flood into the alternative lending sector, fueling the rapid growth of early entrants such as Lending Club, lots of smaller online loan platforms are also popping up. Many of these new firms are specializing in narrow lending niches, touting their expertise in underwriting particular forms of credit. Here's a rundown of some of these specialties.