Kevin B. Kimble

founder and CEO

Kevin B. Kimble, Esq. is the founder and CEO of the Financial Services Innovation Coalition. He is a founding member of the coalition's Housing Task Force, which seeks to eliminate bias in the housing marketplace.

Regulation and compliance

The new FHFA credit score rules will make buying a home harder

The decision to allow lenders to review only two credit reports for mortgage applicants will harm homebuyers with less than perfect credit.

By Kevin B. Kimble

August 1

TRENDING

Community banking

Insurance deal too rich for Trustmark to pass up, CEO says

The Jackson, Mississippi, company will use proceeds from the sale of its Fisher Brown Bottrell Insurance unit to restructure its investment portfolio, moving $1.6 billion of low-yield securities off the balance sheet.

By John Reosti

April 24
Consumer lending

Synchrony hikes interest rates on credit cards to offset late-fee rule

The store-branded card issuer is raising annual percentage rates and adding fees for paper statements to compensate for lost revenue. The Consumer Financial Protection Bureau's new regulation is scheduled to take effect on May 14.

By Polo Rocha

April 24
Industry News

Bank of America, Goldman Sachs CEOs hang onto their board chair hats

At the banks' annual meetings, shareholders at both companies struck down proposals that would have split the board chair and CEO roles. Two other proposals also failed to win shareholder support, one concerning energy financing and another on pay gap analysis.

By Allissa Kline

April 24