Diversity and equality
Diversity and equality
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The power couple wants to help turn Acorns Grow from a niche app into a megabank; with many floating-rate loans, regionals’ profits drop as yields slip.
August 20 -
Alternatives Federal Credit Union is making loans to pay for gender-reassignment surgery, but the initiative has bothered some members.
August 19 -
Deutsche Bank overhaul plan will put taxpayers and the financial system at risk; the San Antonio company names three women to key technology positions; issuers like Chase and Citi need to think beyond traditional card options; and more from this week's most-read stories.
August 16 -
The agency says the "disparate impact" standard needs to be amended to align with a recent Supreme Court ruling. But consumer advocates say the change would make it more difficult for borrowers to allege discrimination under the Fair Housing Act.
August 16 -
Agencies like Fincen and Finra that use machine learning must pay close attention to potential bias in supervisory algorithms, especially with data on women and minorities.
August 16 -
With women and minorities holding less than 25% of top positions at the eight largest U.S. banks, House Financial Services Committee Chairwoman Maxine Waters and other Democrats called on banks to improve their recruiting efforts and invest in programs aimed at building pipelines of diverse talent.
August 13 -
The San Antonio company named Judith Frey vice president of digital banking, Maria Alvarez Mann chief information officer for bank technology and Carri Arnold bank technology officer.
August 12 -
A Fed-led working group may pressure Wall Street to adopt SOFR; challenger banks with smartphone-based accounts soar.
August 12 -
Under a proposal yet to be officially unveiled, plaintiffs relying on the so-called “disparate impact” doctrine would have to show a more direct link between a lender’s policy and discriminatory effect.
July 31 -
Eric Blankenstein, now at HUD, is under fire for asking a subordinate to defend him after it was revealed he wrote racially charged blogs 14 years earlier.
July 29