PayThink

Bank and financial services supervisors have an affirmative duty to address the deep economic divide facing minorities in the U.S.

The growth opportunity is there, the brand trust is there, the clients are there — it’s the banks that are largely absent.

Juliette Kayyem, a veteran crisis manager, explores practical steps leaders can take to be ready for the next disaster in “The Devil Never Sleeps.”

A new and larger finance industry is emerging — one in which traditional institutions aren’t nearly as dominant as they used to be.

Elon Musk’s demand that executives be present in the office carries an important message for bankers.

The Community Reinvestment Act has failed to reduce anti-Black racial discrimination in financial services, to lower poverty or to lessen environmental destruction.

Consolidation results in harms such as higher prices, reduced worker bargaining power and increased barriers to competition. Because of that, regulators must carefully vet these deals.

Without a rule standardizing data sharing standards, the Consumer Financial Protection Bureau risks the creation of a patchwork system of privacy standards as consumers seek the benefits of an open banking ecosystem.

Allowing “stablecoin banks” access to the benefits of a bank charter without the obligation to carry federal deposit insurance creates moral hazard on steroids.

If the inflation figures begin to move lower, then there is a reasonable chance of working through this cycle of rising rates without experiencing a recession.