‘Like qualitative research without having to pay’: A bank’s guide to Reddit
Few banks are listening to what their customers are saying on Reddit, but the site can help them spot customer complaints and develop content that dispels misinformation.
Senate Democrats call for another half-point Fed rate cut
Sens. Elizabeth Warren and John Hickenlooper say recent data suggests there is “no need for restrictive interest rates” and easier monetary policy is necessary to lower housing costs.
CFPB and DOJ have badly overreached in the Fairway redlining case
It is nonsensical for the government to sue one of the leading lenders in an underserved minority community as a means of encouraging more lending in that community.
Community banks hire, promote top executives in October
Multiple lenders filled leadership roles across the country, including National Bankshares in Virginia, while Peoples Financial in Pennsylvania said its CEO would step down.
Press Release: FDIC Issues List of Banks Examined for CRA Compliance
PRESS RELEASE | NOVEMBER 4, 2024 FDIC Issues List of Banks Examined for CRA Compliance WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA). The list covers evaluation ratings that the FDIC assigned to institutions in August 2024. […]
To regulate cryptocurrencies, treat the tech as a tool, not a threat
Decentralized digital ledgers offer financial services supervisors extraordinary access to information while eliminating concerns about information reliability. That should be reflected in regulatory attitudes toward crypto.
Buying a home has never been harder. Some fintechs say they can help.
Esusu, Foyer, Divvy Homes and Tomo Mortgage are among the fintechs trying to give first-time homebuyers a break, alongside community development financial institutions like Southern Bancorp.
Townstone Financial agrees to settle redlining case
The Chicago-area lender, which at first was able to get the suit quashed, agreed to end the discrimination case by paying a $105,000 fine.
CFPB threatens Meta with lawsuit over finance-related ad data
The company disclosed the potential for legal action ‘in the near-term’ by the bureau in a recent earnings disclosure.
Why Marqeta became a BNPL matchmaker
The payment company is connecting installment lenders with borrowers who may be looking for a product instead of a specific company.