Regulators have near consensus that parts of the Volcker Rule need to change. But it's not clear whether the fixes being contemplated will have a big impact.
Financial regulation is too complex and needs to be retooled to improve access to credit, President Trump’s nominees to two top banking regulators told Capitol Hill on Thursday.
Up to now, the most successful fintech firms have tried to fill gaps in underserved market, not replace banks. But a new crop of U.K. startups seeking bank charters is turning up the heat.
globalID stands out from scores of similar companies and projects by attempting to wed self-sovereignty with regulatory compliance. If its technology works, it could alleviate a major cost for banks.
Interim Director, Economic EquityThe Greenlining Institute
Efforts to repeal a Dodd-Frank mandate for lenders to report data on small-business applicants — including race and ethnicity — overlooks the benefits of the provision to both communities of color and banks.
Wells Fargo's campaign to rebuild customer and shareholder trust just hit another bump, as the bank said it may have pushed thousands of car buyers into loan defaults and repossessions by charging them for unwanted insurance.
Profits rose 20% at the Texas bank, but net interest margin growth last quarter, and the bank’s margin outlook for the rest of this year, disappointed analysts and investors.
The New York Times explores why we lack female CEOs, Uber considers Bank of America’s Anne Finucane for its CEO spot, and State Street’s head of corporate governance explains its push for gender diversity on boards. Plus, who needs a hero?
A task force convened by the Federal Reserve released its evaluations last week of 16 proposals to build a faster U.S. payment system. What follows is a brief look at some of the plans that received high marks.
Social Finance’s application for an industrial loan charter has not only drawn opposition from a coalition of incumbent banks and community activists, it also serves as a microcosm of several perennial debates in financial services policy.
Former Comptroller of the Currency Eugene Ludwig shares stories from his days as a top regulator during the Clinton Administration and the reasons why bank rules should be reviewed and maybe rewritten.
Interim Director, Economic Equity
The Greenlining Institute
Efforts to repeal a Dodd-Frank mandate for lenders to report data on small-business applicants — including race and ethnicity — overlooks the benefits of the provision to both communities of color and banks.
The New York Times explores why we lack female CEOs, Uber considers Bank of America’s Anne Finucane for its CEO spot, and State Street’s head of corporate governance explains its push for gender diversity on boards. Plus, who needs a hero?
Up to now, the most successful fintech firms have tried to fill gaps in underserved market, not replace banks. But a new crop of U.K. startups seeking bank charters is turning up the heat.
It is only a matter of time before bankers and policymakers realize that the concept keeping banks and non-financial entities apart no longer has any underlying support.
Pace of expansion moderates as real estate remains buoyant but stresses mount in agriculture sector and concerns begin to emerge over the quality of credit applicants.
Post-election exuberance about the prospects for rollback of Dodd-Frank regulations has been tempered by the political realities facing the President and Congress.
In an age of high-speed technology and increasing customer demands for online applications and fast responses, the mortgage loan process remains highly paper-based.
Over the past five years, retail and commercial banks, credit unions, and other financial services organizations have been adopting e-signatures for a variety of use cases.
