Opinion No, the FHA should not be pushed to the brink again
Now is not the time for the government to cut Federal Housing Administration premiums and enter new segments of the housing market.
The Most Powerful Women in Banking
Former FDIC chair joins Fannie Mae’s board
Sheila Bair, who holds board seats at several other organizations, will sit on Fannie's compensation, corporate governance and risk policy committees.
CFPB chief’s equal-opportunity calendar
In her first four and a half months, Kathy Kraninger met with lawmakers more than twice as often as her predecessor, but her schedule demonstrates willingness to meet with industry and policy stakeholders from various camps.
New York launches its own ‘mini CFPB’
The Department of Financial Services has created a statewide financial protection division focused on corporate compliance and consumer issues, in line with steps taken by New Jersey and Pennsylvania.
‘If the product is good, it should sell itself’: A Q&A with Earnest’s CEO
Susan Ehrlich, the fintech lender's new chief, discusses what she learned working at Amazon and Simple and how her firm is approaching consumer loans differently.
House Dem proposes banning use of credit scores for auto insurance
First-term Rep. Rashida Tlaib, D-Mich., has sponsored the Prevent Discrimination in Auto Insurance Act in order to prevent “undue burden” on low-income individuals seeking auto insurance.
New CFPB chief’s memo to staff: Enforce law, but don’t presume guilt
In her New Year’s message, CFPB Director Kathy Kraninger called on the agency to ensure that consumers are treated fairly and that “the marketplace is innovating.”
Plastic cards will be gone in five years: Synchrony CEO
Margaret Keane discussed Synchrony's investments in technology, including how the card issuer plans to use customer data to help retailers create targeted ads, during an appearance Tuesday in New York,
Student loan servicing giant seeks industrial bank charter
Nelnet’s planned bank would be an online enterprise focused on gathering deposits and making private student loans.
White House aide Kraninger is Trump’s choice to lead CFPB
President Donald Trump has chosen Kathy Kraninger, a little-known White House budget aide, as director of the Consumer Financial Protection Bureau, an administration official said.
Kabbage plan in Orchard deal: Expand offerings to banks, small businesses
Using Orchard’s data science smarts, Kabbage intends to offer new payment products to small businesses and loan portfolio insights to financial institution partners.
Gillibrand aims to ‘wipe out’ payday lenders with postal banking bill
The New York senator offers legislation to empower U.S. post offices to take deposits and make loans.
Spinoff rumors or not, JPM’s blockchain unit is evolving
JPMorgan Chase is sending signals that its homegrown blockchain, Quorum, is alive and well despite a recent shake-up.
SoFi names longtime Goldman Sachs exec Michelle Gill as next CFO
Gill, who spent 14 years at Goldman, will fill a role that has been vacant since last summer at SoFi.
Apathy, blind spots and fixes: 10 insights on workplace harassment
Which industries have the highest prevalence of unwanted sexual conduct in the workplace? Will the #MeToo movement have a lasting impact? Key findings from a SourceMedia survey.
From strip clubs to massages: When clients are sexually inappropriate
It’s tough enough to grapple with sexual harassment in the workplace. It’s more complex when clients are involved.
A #MeToo backlash is brewing in banking
Optimism that the #MeToo movement will have a positive influence is high among bankers who participated in a recent survey on sexual harassment. But there is also concern that it could lead to gender discrimination in hiring and mentoring.
Kabbage to further challenge banks with $250,000 credit lines
The online lender to small businesses is expanding its business deeper into traditional banks’ territory with larger loans.
Loans ‘ignored’ in Libor talks — so far
A Fed committee studying Libor’s replacement has dwelled heavily on the potential impact to the derivatives market. Loans may become a bigger part of the conversation later this year, but the panel plans to leave a lot of the specifics up to lenders.
By
Andy Peters
