financial stress

Golden West co-founder Herb Sandler dies at 87, leaving complicated legacy

06/05/19

Sandler and his wife, Marion, built a small California thrift into a powerhouse before selling it to Wachovia prior to the housing collapse, but were heavily criticized for engaging in some of the same practices that caused the financial crisis.

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Mexico courts big banks; New York eyes taxi lenders

05/21/19

New president suggests less regulation and meets with bank leaders; state and city check for illegal lending activity.

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System can withstand threat posed by leveraged lending: Powell

05/20/19

Although higher corporate debt could hurt the economy, Federal Reserve Chair Jerome Powell argued changes made since the last crisis will guard against a meltdown.

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JPMorgan Chase to give $125M to global financial health programs

05/15/19

The total includes donations to community groups helping low-income people, support for the development of financial coaching programs and investment in the creation and testing of fintech tools that can help underserved people.

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Fintechs try wooing banks back to construction lending

03/14/19

Software startups say bringing borrowers, builders and lenders onto one digital platform can remove some of the risks lenders faced during the crisis.

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EBay founder's new venture fund seeks fintechs with social conscience

03/13/19

Flourish, a fund backed by Pierre and Pam Omidyar, invests in startups that address social and financial inequities yet (key caveat) are still promising moneymakers, a top official of the fund explains.

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CFPB’s Kraninger grilled over payday, military lending

03/12/19

The bureau's director, Kathy Kraninger, faced a barrage of criticism from Senate Democrats on the agency's lack of enforcement actions, a reversal on Military Lending Act examinations and changes to the payday loans rule.

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CFPB's Kraninger asks for 'clear authority' over military lending exams

01/17/19

The director of the Consumer Financial Protection Bureau has asked Congress to clarify its ability to conduct exams that ensure compliance with the Military Lending Act.

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Financial wellness startup Even pulls in big bucks, big talent

01/10/19

Its data-driven financial management services for workers who live paycheck to paycheck — and a contract with Walmart — have attracted executives from Facebook, JPMorgan and elsewhere as well as a major investment from the head of Box.

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Outlook 2019: Can regulators finish what they started?

12/26/18

From stress tests to tailoring the Dodd-Frank Act to the Volcker Rule, the banking agencies have a number of important proposals to finalize in the coming year. But there are several potential obstacles that could throw those plans off track.

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