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Steven Harras

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Utah Republican Mitt Romney is one of nine senators from both parties who say industrial loan companies can help local economies in ways that traditional financial institutions can't.

Senators urge FDIC to give fair consideration to industrial banks

By Steven Harras
Posted November 1, 2022 at 7:00am
House Financial Services Chair Maxine Waters, D-Calif., said she was heartened that federal agencies are working together to modernize implementation of the Community Redevelopment Act.

Political divide snags the digital update to anti-redlining law

By Steven Harras
Posted September 20, 2022 at 6:30am
“Director Chopra continues to block consumers’ access to innovative financial products and services," says Rep. Patrick T. McHenry.

Fintechs question CFPB’s faith in innovation over ‘safe harbors’

By Steven Harras
Posted July 19, 2022 at 6:00am
Endorsements by celebrities are moving fintech into popular culture, but regulators are moving carefully to avoid a dangerous misstep.

Stars align for fintech, but regulators are wary of dangerous risks

By Steven Harras
Posted April 19, 2022 at 7:00am
Federal Reserve Chair Jerome H. Powell testifies during a House Financial Services hearing earlier this month. He said Monday that the invasion of Ukraine will add more pressure to prices.

Powell says Fed ‘widely underestimated’ rise in inflation

By Steven Harras
Posted March 21, 2022 at 5:35pm
Sarah Bloom Raskin, nominee to be vice chairman for supervision and a member of the Fed, hasn't yet received a vote in the Senate Banking Committee because no Republicans attended the meeting.

Manchin says he won’t support Raskin confirmation to Fed

By Steven Harras
Posted March 14, 2022 at 4:04pm
The popularity of Bitcoin and other cryptocurrencies is raising a new issue in estate planning: making sure heirs have the passcodes that will give them access.

Estate planners want to keep the crypt out of cryptocurrency

By Steven Harras
Posted February 22, 2022 at 7:00am
Penny Lee, CEO of the Financial Technology Association, says buy now, pay later helps small and medium merchants compete against large online marketplaces.

Consumers turn to ‘buy now, pay later,’ stoking worry about repayment ability

By Steven Harras
Posted October 26, 2021 at 7:00am
Penny Lee, CEO of the Financial Technology Association, has long worked for key Democrats.

Political veteran Lee wants fintech group to educate lawmakers

By Steven Harras
Posted September 14, 2021 at 7:00am
Barefoot, CEO of the Alliance for Innovative Regulation, sees 'very disturbing potential' in poorly designed AI.

As banks push AI, worry about worsening inequality follows

By Steven Harras
Posted August 3, 2021 at 7:00am