No matter who wins the election, uncertainty looms for banks
Banks have favored the low-regulation vision of former President Donald Trump in the 2024 election, but his victory could imperil institutions and norms that banks rely on. Vice President Kamala Harris is more likely to preserve the status quo — including the Biden regulatory agenda.
Banks’ gripes with big credit unions are gaining momentum
Consumer groups and banks are pushing for increased regulation on credit unions, aligning on concerns over tax exemptions, consumer protection standards, and the rising trend of credit union acquisitions of community banks.
Southern Bancorp’s answer to the home affordability crisis
The Arkansas community development financial institution has an ambitious goal of making $500 million worth of mortgages in rural, minority and low-income neighborhoods.
Thanks to the Inflation Reduction Act, all banks are ‘green’ banks now
The Greenhouse Gas Reduction Fund, a major element of the IRA, provides a critical opportunity for banks to integrate green finance into their core strategies.
Ally’s Diane Morais looks back on her 37-year career in banking: The Climb
Morais, the former president of consumer and commercial banking at Ally, reflects on the lessons learned in her more than three-decade career.
What’s at stake for bankers in the 2024 election
Analysts are watching both Vice President Kamala Harris and former President Donald Trump for potential regulatory picks, as well as how strongly Trump advocates for policies like tariffs and deportations that could impact the economy, inflation and bankers’ prospects.
‘We lean optimistic’: Bankers hope election outcome will boost loan growth
Leaders at financial institutions said borrower demand should pick back up, if slowly, following Tuesday’s vote.
How one industry group is challenging the CFPB’s BNPL rule
The Consumer Financial Protection Bureau will soon have to defend its interpretive buy now/pay later rule in court following an industry advocacy group lawsuit. Here’s what’s at stake.
Election could mean new leaders for key Congressional committees
Potential new Senate Finance Committee Chair Sen. Mike Crapo, R-Idaho, has suggested a potential workaround to offset the cost of extending the Tax Cuts and Jobs Act.
Judy Dimon, wife of JPMorgan CEO, knocks on doors for Kamala Harris
Judy Dimon is a longtime donor to Democratic candidates and an education advocate who has been public in her support for Vice President Kamala Harris.