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.
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Auto title lender TitleMax was ordered by the Consumer Financial Protection Bureau to pay a $10 million fine and $5 million in restitution for overcharging servicemembers and altering their personal information to avoid detection.
By Kate BerryFebruary 23 -
The Consumer Financial Protection Bureau has asked the high court to overrule a lower-court decision that threatens its funding structure. The justices didn't accept the case on Tuesday, but experts say it could still make the cut in the coming week.
By Kate BerryFebruary 21 -
Federal Home Loan banks aren't doing enough to address the shortage of affordable housing in the U.S., FHFA Director Sandra Thompson says. Some of their members are instead using advances to manage liquidity and perhaps engaging in crypto-related and other activities that put the Deposit Insurance Fund at risk, she says.
By Kate BerryFebruary 13 -
The Federal Home Loan Banks system's primary affordable housing program has not had an in-depth review in more than 12 years, according to a new inspector general report.
By Kate BerryFebruary 10 -
The Community Bankers Association of Illinois is calling on regulators to issue guidance that would make large financial institutions toughen customer verification and be more cooperative in resolving disputes over falsified checks.
By Kate BerryFebruary 9 -
Townstone Financial in Chicago had been accused of discriminating against certain consumers by trying to discourage them from applying for home loans. However, a judge ruled that federal law protects only actual applicants.
By Kate BerryFebruary 6 -
A core issue in the upcoming fight over late fees involves what data is being collected on card issuers' costs and losses associated with late payments.
By Kate BerryFebruary 3 -
Consumer Financial Protection Bureau Director Rohit Chopra plans to propose a rule to set late fees at reasonable levels and no longer peg late fees to inflation.
By Kate BerryFebruary 1 -
The Consumer Financial Protection Bureau's data-access rule could create an uneven playing field because banks and credit unions are examined by regulators but hundreds of nonbank fintechs are not.
By Kate BerryJanuary 30 -
California Attorney General Rob Bonta is standing by the state's commercial financing disclosure law, urging more protections for small-business financings and arguing that federal consumer law does not not apply to commercial lending.
By Kate BerryJanuary 24