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American Express can provide affordable products to the unbanked and still make a profit, company executive Dan Schulman said at the Emerge conference. He was vague on details but hinted that its prepaid cards built on an lower-cost software platform are part of the answer.
June 5 -
Lenders across the country reported increased demand from consumers and businesses, continuing a prevailing trend from earlier this year, according to the Fed's Beige Book.
June 4
The Federal Reserve said Friday that it has
He is currently the managing director at Harvard's Joint Center for Housing Studies and a lecturer at the school's Graduate School of Design. He has also previously served as the director of housing finance research at Fannie Mae.
Belsky is expected to start in August. He succeeds Sandra F. Braunstein, who retired
The division oversees compliance with consumer protection and fair lending laws, including the Community Reinvestment Act. It also conducts research on consumer finance issues and manages the Fed's community development programs in underserved areas.