Big Banks Easily Pass Federal Stress Tests

Big Banks Easily Pass Federal Stress Tests

← Previous Article Next Article → The nation’s largest and most complex banks easily passed the Federal Reserve’s annual stress tests, despite undergoing a scenario that simulated the most severe economic downturn yet tested. The simulation projected $410...
States Agree to Regulatory Cooperation

States Agree to Regulatory Cooperation

← Previous Article Next Article → Earlier today, the Conference of State Bank Supervisors (CSBS), announced that 23 states have agreed to accept other states’ reviews of companies’ licensing process for money transmitters and other money services businesses...
New Study: Fintech Reduces Discrimination in Lending

New Study: Fintech Reduces Discrimination in Lending

← Previous Article Next Article → Although discrimination in lending remains a problem in America today, discrimination is declining, largely as a result of fintech firms’ use of algorithms. According to the latest research, fintech algorithms discriminate...
Facebook Announces New Currency

Facebook Announces New Currency

← Previous Article Next Article → On June 18, Facebook announced an ambitious plan to develop an alternative financial system using a global currency, backed by blockchain technology, called “Libra.” The frequently criticized social media giant expects to...
Kraninger’s First Six Months at the CFPB

Kraninger’s First Six Months at the CFPB

← Previous Article Next Article → Kathy Kraninger, director of the Consumer Financial Protection Bureau (CFPB), has now led the CFPB for six months. According to a press release detailing Kranigner’s actions thus far, she has focused on enforcing the law,...

Pin It on Pinterest