Kate Berry

Woah.

Step 1 help create a crisis Step 2 profit from it americanbanker.com/news/federal-h…

""Terminating over a thousand people a year wasn't difficult to understand." The inside story on Wells Fargo's phony-account scandal. A blow-by-blow by my colleague @KevinWack @AmerBanker americanbanker.com/news/why-wells…

The CFPB faces a tricky road ahead writing rules around how financial institutions provide access to bank transaction data to consumers on request. americanbanker.com/news/banks-say…

“I really don't get the point of this whole [crypto] system. I think it's going to be a little bit like Tulip mania that's just going to collapse in value,” Rep. Juan Vargas. D-Calif., said a House hearing. @ChropraCFPB @CFPB americanbanker.com/news/republica…

Silicon Valley Bank s tipping toward being liability-sensitive — with liabilities such as deposits repricing faster than loans and other assets — which isn't ideal in a rising rate environment. @AllissaKline americanbanker.com/news/svb-finan…

The U.S. central bank started "very slow off the mark" in tightening, said @NewYorkFed President Bill Dudley and @FederalReserve "hasn't accomplished anything" in loosening the U.S. labor market even after four consecutive 75-basis-point hikes. americanbanker.com/articles/fed-h…

Mortgage rates have doubled this year hitting an average of 6.94% last week, while home loan applications have fallen to their lowest level in 25 years. Many lenders say they are losing money selling loans backed by @FannieMae or @FreddieMac. americanbanker.com/news/feds-rate…

"We're in a situation where for the foreseeable short-term future, a larger and larger percentage of potential borrowers are not going to get a loan," said Bryan Filkey @InterfirstCo. americanbanker.com/news/feds-rate…

American Express has not seen changes in its customers' spending behavior. "Last quarter was a record-level quarter and this quarter was only [a bit] behind that," said Steve Squeri @Amex. americanbanker.com/payments/news/…

"Every single CFPB rule on the books and enforcement actions could be subject to a legal challenge," said Patricia McCoy, a professor at Boston College Law School. americanbanker.com/news/all-of-cf…

"Senator Warren will pick up a stick, a stone or anything she can find on the ground to beat Wells Fargo over the head with, even though it's wholly unclear whether the numbers [she released] were facts," said Isaac Boltansky at BTIG. americanbanker.com/news/how-much-…

This makes sense: Federal Reserve Vice Chair for Supervision Michael Barr wants banks to think twice about taking on deposits from crypto firms. @ByKyleCampbell @federalreserve americanbanker.com/news/feds-barr…

"Financial institutions should not be wholly dependent on [government] assistance, whether directly or indirectly," @FDICgov's Martin Gruenberg @byclairew americanbanker.com/news/fdics-gru…

"It is vitally important that the government commit the resources and the time to combat fraudsters and scammers that are hurting both consumers and banks," said RobHunter @TCHTweets. americanbanker.com/news/banks-poi…

"It's very unusual for something to go on that long for 13 years — it's rare, " said Roland Reynolds, a partner at Gordon & Reynolds, on the complicated legal tale of a couple and their $1.7 million home in San Ramon, California. americanbanker.com/news/californi…

Senate Banking Chair @SenSherrodBrown said the better alternative to employer-based earned wage advance products "would simply be for the companies to pay their workers enough to live on." @BrendanPedersen americanbanker.com/news/lawmakers…

"Banks engaged in crypto-related activities need to have appropriate measures in place to manage novel risks and...compliance with all relevant laws," including to money laundering," @federalreserve's Michael Barr @Brookings Inst. @BrendanPedersen americanbanker.com/news/feds-barr…

Former Comptroller Eugene Ludwig cites fintechs that take deposits and provide lending without proper oversight as one reason for the next recession. @tchtweets @bankpolicy @bpievents americanbanker.com/articles/unfet…