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The Robinhood application is displayed in the App Store on an iPhone.

Bankers cry foul over Robinhood's checking and savings accounts

The fintech's new products may violate several banking and securities regulations and could mislead the public about the differences between coverage on banking and investment accounts, industry officials say.

(Full story here.)
Silicon Valley Bank's new chief product officer, Gagan Kanjlia

Silicon Valley Bank recruits former Capital One exec as chief product officer

Gagan Kanjlia joins the Santa Clara, Calif.-based Silicon Valley Bank after spending two-plus years as the head of product for OnDeck, an online lending provider for small businesses. Before OnDeck, Kanjlia spent 14 years at Capital One.

(Full story here.)
Logos for Amazon, Apple and Google

Amazon, Google at odds with big banks over Fed's role in faster payments

The tech giants, along with Apple, PayPal and others, are calling on the Federal Reserve to build a backbone for real-time payments, rejecting large banks' claims that the task is best left to the private sector.

(Full story here.)
Image of ad for Goodmoney.com

This fintech is taking anti-bank marketing to extremes. It may pay for it

Good Money just raised $30 million and is a year away from launching, but already is raising concerns for its trash-talking of established players.

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AB-121418-SBA.jpeg

SBA's biggest lender is overhauling its business model

Live Oak Bancshares became an SBA juggernaut by making loans, selling them and making more. With economic conditions changing, it is retaining more credits.

(Full story here.)
Branch acquisitions by year from 2009 to 2018

Are branch deals still worthwhile?

Branch acquisitions, once a popular way to scale up in new markets, have started to go by the wayside in the digital age.

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Kathy Kraninger
Kathy Kraninger, director of the Consumer Financial Protection Bureau (CFPB) nominee for U.S. President Donald Trump, listens during a Senate Banking Committee confirmation hearing in Washington, D.C., U.S., on Thursday, July 19, 2018. Kraninger, a little-known official who has worked for the White House's Office of Management and Budget (OMB) since March 2017, is poised to succeed her boss Mick Mulvaney as director of the CFPB. Photographer: Andrew Harrer/Bloomberg
Andrew Harrer/Bloomberg

'BCFP' no more: Kraninger scraps plan to rebrand CFPB

Kathy Kraninger's first official action as head of the Consumer Financial Protection Bureau is to reverse course on acting chief Mick Mulvaney's effort to rename it the Bureau of Consumer Financial Protection, which consumer groups and others had sharply criticized as confusing and costly.

(Full story here.)
Kathy Kraninger, nominee to lead CFPB, currently No.2 at OMB
Kathy Kraninger, director of the Consumer Financial Protection Bureau (CFPB) nominee for U.S. President Donald Trump, listens during a Senate Banking Committee confirmation hearing in Washington, D.C., U.S., on Thursday, July 19, 2018. Kraninger, a little-known official who has worked for the White House's Office of Management and Budget (OMB) since March 2017, is poised to succeed her boss Mick Mulvaney as director of the CFPB. Photographer: Andrew Harrer/Bloomberg
Andrew Harrer/Bloomberg

Kraninger's move to ditch CFPB name change is a savvy one

Kathy Kraninger's unexpected decision is small, but symbolically important. Here's why.

(Full story here.)
Stephen Harbeck

Robinhood's checking account poses legal issues: SIPC chief

The fintech Robinhood did not contact the Securities Investor Protection Corp. to discuss protection for deposits, according to SIPC CEO Stephen Harbeck.

(Full story here.)
AB-121718-APPRAISAL

In reg relief era, appraisers become endangered species

A proposal allowing more lenders to skip outside appraisals could remove a hurdle to quick closings, but appraisers say they could be collateral damage.

(Full story here.)
Disruptors Fintech
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