Paige Smith
Consumer Finance Reporter at Bloomberg News
consumer finance reporter with @business \ @blaw, @COMatBU alum \ [email protected] \ Tweets = mine \ RTs ≠ endorsements
Articles
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6 days ago |
news.bloombergtax.com | Paige Smith |Emily Flitter
XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.
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6 days ago |
news.bloomberglaw.com | Paige Smith |Emily Flitter
America’s top consumer financial watchdog has spelled out its priorities under the Donald Trump era, including a dramatic cut to supervision and a shift away from financial technology firm oversight. The Consumer Financial Protection Bureau said it will curb the number of supervision “events” by 50% and leave other enforcement actions to states, according to an email to staff seen by Bloomberg News.
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6 days ago |
bloomberg.com | Carmen Arroyo |Paige Smith
(Bloomberg) -- SoFi Technologies Inc. has secured as much as $3.2 billion in new commitments from Fortress Investment Group and artificial intelligence-focused lender Edge Focus to originate personal loans, according to a statement. Fortress agreed to fund $2 billion for loan originations in addition to the $2 billion the firm committed to last year, a deal that expanded SoFi’s loan platform business. The new agreement extends Fortress’ commitments by one year.
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1 week ago |
bloomberg.com | Paige Smith |Emily Flitter
The US Consumer Financial Protection Bureau headquarters in Washington, DC. (Bloomberg) -- America’s top consumer financial watchdog has spelled out its priorities under the Donald Trump era, including a dramatic cut to supervision and a shift away from financial technology firm oversight. The Consumer Financial Protection Bureau said it will curb the number of supervision “events” by 50% and leave other enforcement actions to states, according to an email to staff seen by Bloomberg News.
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1 week ago |
bloomberg.com | Paige Smith |Jennifer Surane
Charles Schwab has sought to differentiate itself as the elder statesman among a handful of relative newcomers to investing and wealth management. (Bloomberg) -- Charles Schwab Corp.’s daily average trades exceeded expectations as retail investors rushed to respond to market volatility in the first three months of the year, with company executives saying drivers of future earnings are in flux.
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One nugget folks may have missed: The former CFPB director wanted apps to more clearly warn consumers about the risks of nonbanks. "According to people familiar with the situation, the CFPB under Chopra had been considering enforcement options related to the account freeze."
When Synapse -- a financial technology firm that took care of the nuts and bolts of banking for fintech apps and their users -- collapsed almost a year ago, left behind was a tangled mess of records. No one was sure who owed what to whom. (1/5) https://t.co/9LrDdD6hpp
RT @cfb_18: When a software company called Synapse failed, some app users lost access to money in FDIC-insured bank accounts. How is that e…
RT @aishagani: JPMorgan is broadening its relationships with buy-now, pay-later providers, announcing an agreement with Affirm to make the…