BankThink

We need more and bigger black-owned banks, not just a surge of deposits for a few institutions, especially if those institutions have not proven that they adequately serve the black community.

Receiving Wide Coverage ...

Too friendly?: Jay Clayton, President-elect Donald Trump's pick to run the Securities and Exchange Commission, "is expected to end the streak of aggressive regulators and litigators overseeing the country's top markets," the Wall Street Journal reports, describing Clayton in the headline as "a 180" from the outgoing chair Mary Jo White. The nomination of Clayton, a partner at Sullivan & Cromwell who has represented the likes of Goldman Sachs and Barclays, "signals...

The current single-director leadership structure of the Consumer Financial Protection Bureau is not a recipe for transparency and accountability. Creating a multimember commission to oversee the agency is the answer.

Proponents of "recap and release" misread the political risks and the depth of interest that key lawmakers have in determining the long-term future of Fannie Mae and Freddie Mac.

Even in a digital era, human connections still matter. That is one big disadvantage for fintech startups and increasingly for banks as customers stop making regular branch visits. So it is instructive to hear SoFi's thinking on how to overcome this challenge. It is trying some unorthodox tactics to better understand the people behind the data and to create meaningful connections with them.