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The CFPB has promised an equal-access rule for small-business lending for nearly a decade. But Apple’s recent discrimination inquiry into its credit card could force the agency’s hand.
November 21Kabbage Inc. -
In a discussion about partnerships with technology and fintech firms, Citigroup CEO Michael Corbat said banks need to be careful not to give away too much, particularly the client-customer relationship.
November 20 -
The National Credit Union Administration board pushed back against criticisms about its rising budget by noting its oversight is still cheaper than that provided by other financial agencies.
November 20 -
Several proposals in Congress requiring clear disclosures on student loans could help lower defaults.
November 20College Ave Student Loans -
The National Credit Union Administration is funded by the institutions it oversees and insures. Some of them are pushing back against spending trends at the agency.
November 19 -
The National Credit Union Administration's public budget briefings are a step in the right direction, but the institutions it regulates still have too little say over how those monies are spent.
November 19 -
A prominent credit union blogger is calling for the National Credit Union Administration to follow the Federal Reserve and FDIC's lead on possibly revamping the risk-rating system.
November 18 -
Over the last decade, American voters have proved remarkably receptive to bans on high-cost consumer loans. Next year, a proposed ballot measure in a traditionally red state trending purple will offer a test case for the durability of that consensus.
November 15 -
Global stablecoins could hurt financial stability if they are improperly designed and unregulated, according to a Fed report.
November 15 -
It’s the company’s responsibility to come forward with the information about how an algorithm that could be discriminating against women borrowers was designed and the exact impact of it, she said.
November 14