Financial Services Industry Fears Slashing Unemployment Aid Will Lead to Loan Defaults

Big Banks in U.S. Reduce Lending

Big Banks in U.S. Reduce Lending Many of the biggest U.S. banks continue to reduce how much of their collective balance sheets is allocated towards loans, according to Federal Reserve data. The share of total assets devoted to loans across the country’s 25 largest...
CFPB Acting Director Outlines Priorities

CFPB Acting Director Outlines Priorities

CFPB Acting Director Outlines Priorities Last week, Acting Consumer Financial Protection Bureau (CFPB) Director Dave Uejio sent a message to his staff—subsequently posted to the Bureau’s website—outlining his priorities for the agency. They include penalizing mortgage...
Walmart to Launch Fintech Startup

Walmart to Launch Fintech Startup

Walmart to Launch Fintech Startup Earlier this month, retail giant Walmart announced a strategic partnership with Ribbit Capital to create a fintech startup aimed at expanding Walmart’s financial services offerings for customers and employees. The fintech startup will...

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