Kate Berry has covered the Consumer Financial Protection Bureau for American Banker since 2016. She joined the publication in 2006 covering mortgage lending and the financial crisis. Berry also has covered big banks including Bank of America, J.P. Morgan Chase and Wells Fargo. She has won five awards from the Society of American Business Writers and Editors, and has worked at several news organizations including the Orange County Register, the Los Angeles Business Journal and the Associated Press. Berry began her career as a clerk at the New York Times.
-
Women at JPMorgan Chase don't just settle for the formal check-the-box networking groups. Their grassroots efforts have launched multiple programs to raise the profile of women at the company and help them advance, including a new "30-5-1" campaign inspired by Marianne Lake. Other examples include the globe-trotting Women on the Move initiative and the ReEntry program to help ex-bankers return to the workforce after extended time off.
By Kate BerrySeptember 25 -
The Consumer Financial Protection Bureau filed a lawsuit this week against a Van Nuys, Calif., credit repair company for deceptively marketing its services and charging consumers illegal fees.
By Kate BerrySeptember 23 -
Despite several attempts over the past two weeks, Wells Fargo has been unable to quell the furor surrounding revelations that thousands of employees opened millions of phony accounts. Here's why.
By Kate BerrySeptember 22 -
Democratic presidential candidate Hillary Clinton released an open letter to Wells Fargo customers Tuesday in which she called the phony account openings "deeply disturbing," defended the Consumer Financial Protection Bureau and demanded that individual executives be held accountable.
By Kate BerrySeptember 20 -
All eyes will be on Well Fargo Chief Executive John Stumpf on Tuesday as he fights to defend himself before a Senate Banking Committee hearing against charges that he and other top bank executives should have earlier detected and stopped millions of phony accounts from being opened.
By Kate BerrySeptember 19 -
Still smarting from criticism after it failed to prosecute any high-level executives following the financial crisis, Justice Department investigators are likely to target senior executives at Wells Fargo as they investigate wrongdoing there, according to former DOJ officials.
By Kate BerrySeptember 15 -
Its become an all-too-familiar story a big bank is caught doing something bad, it pays a fine, some lower-level employees are let go while higher-level executives appear to get off scot free and no criminal charges are assessed. Many see that happening again at Wells Fargo.
By Kate BerrySeptember 9 -
Marketplace lenders that have partnered with banks face more scrutiny after a federal judge in California handed a legal victory last week to the Consumer Financial Protection Bureau.
By Kate BerrySeptember 9 -
The settlement underscored how incentives and sales goals led employees to illegally open new accounts, transfer customer money to the accounts, and create PIN numbers and emails without customers' authorization, regulators said.
By Kate BerrySeptember 9 -
Wells Fargos reputation as a consumer-friendly bank suffered a significant blow Thursday after it agreed to pay $190 million to settle charges that thousands of employees created unauthorized bank and credit card accounts for customers in order to collect bonuses for themselves.
By Kate BerrySeptember 8