Rep. Katie Porter Asks FDIC to Monitor Bank-Online Lender Partnerships
In a letter sent to Federal Deposit Insurance Corporation (FDIC) Chairwoman Jelena McWilliams last month, Representative Katie Porter (D-Calif.) requested that the agency closely examine partnerships between online lenders and banks. These partnerships have come under...
Global Banks Continue Reducing Workforce, With an Additional 80,000 Jobs Cut in 2019
According to a recent Bloomberg News report based on filings from companies and labor unions, banks around the world cut nearly 80,000 jobs in 2019, which some have suggested is a response to a slowing economy and financial firms’ continued adoption of digital...
TransUnion Predicts “A Good Year for Consumer Credit” in 2020
TransUnion researchers analyzed macroeconomic conditions and their impact on credit cards, personal and auto loans, and mortgages to predict that 2020 will be a good year for consumer credit, with low delinquencies and strong growth for most sectors. This prediction...
