Will lower rates bring tougher regulation?; HELOC-backeds return
Dallas Fed chief says lower interest rates may require stricter rules to ward off riskier lending; after financial crisis, debt backed by HELOCs disappeared. ... Read full article
News Topic: Robert Kaplan
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No-frills accounts prove popular; lenders use AI to parse credit
The accounts — which eschew paper checks and overdraft protection — appeal beyond the low-income customers they were intended for; lenders are embracing artificial intelligence systems to analyze more data to determine creditworthiness. ... Read full article
Two big banks seek to speed mortgages; Stress test backer
U.S. Bank and Wells Fargo to use Blend software to speed up mortgage origination processes; Robert Kaplan wants to keep stress tests on big banks. ... Read full article
10 questions for Dallas Fed President Robert Kaplan
The breadth and pace of change across banking and the rest of the business world is rapidly escalating, posing challenges for financial institutions and the economy alike, according to Robert Kaplan, the president of the Federal Reserve Bank of Dallas. ... Read full article