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US consumer finance chief calls for better risk management at banks, fintechs
March 28 (Reuters) – The modern failures of mid-sizing U.S. loan providers clearly show the need for a lot more robust threat management at banking institutions and fintechs, together with improved regulation, the head of the top rated purchaser financial watchdog company said on Tuesday. Consumer Economic Protection Bureau Director Rohit Chopra instructed a gathering of retail bankers in Las Vegas that regulators were seeking at liquidity, interest-level possibility administration, money frameworks, resolution organizing and tension testing. “It will be good for the field to have some sincere discussions with alone about what is the way for the regulatory framework to not produce this type of chance,” Chopra stated. As…

