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Financial Innovation

The Forefront of Financial Innovation Belongs to Tech

Yee Lee | Posted 11.12.2015 | Business
Yee Lee

Financial innovation isn't just being driven by traditional financial service providers; it's also coming from tech companies who have built loyal consumer followings and are now offering financial services in novel ways.

THE CFPB Launches No-Action Letters for Financial Innovations

Christine C. Franklin | Posted 01.17.2015 | Business
Christine C. Franklin

The Consumer Financial Protection Bureau recently released for public comment a proposed Policy on No-Action Letters. The Policy is aimed at innovati...

Generating 'Non-Energy' to Drive Revenues from Efficiency

David Bank | Posted 08.15.2013 | Business
David Bank

Energy efficiency should be the low-hanging fruit of carbon-reduction schemes, with clear and reliable paybacks. Instead, the bountiful harvest has be...

The Changing Face of the Marketplace

Gina Harman | Posted 10.16.2013 | Business
Gina Harman

A few things are clear: the marketplace is changing, the ranks of the underbanked are likely to grow, and alternatives to traditional banking relationships and products are playing a very significant role.

Mark Gongloff

Derivatives Are Weapons Of Slow Economic Destruction | Mark Gongloff | Posted 06.14.2013 | Business

We have learned, painfully, of the damage derivatives can do to an economy in a financial crisis. But derivatives are hurting the economy even on its ...

Top 10 Medical Research Trends to Watch in 2013

Margaret Anderson | Posted 03.13.2013 | Science
Margaret Anderson

Advocates need to keep making noise to make a compelling case for the critical importance of medical research. The health of our citizens and the economic and fiscal health of the nation are at stake.

Why Johnny Can't Innovate: The American Economy's Most Surprising Deficit

Ian Fletcher | Posted 07.28.2011 | Business
Ian Fletcher

To get our economy back on track, we need to stop dreaming that innovation is purely a self-financing private-sector game and start paying for the innovation we need. Either that, or we're not going to get the economy we want.

Maxwell Strachan

WATCH: Summers Dismisses Idea Of Regulating Financial Instruments (WATCH) | Maxwell Strachan | Posted 06.13.2011 | Business

Depending on who you ask, regulation is either a hindrance to the global economy or our only hope against global economic collapse. Safe to say Larry ...

Tim Geithner Ignores Volcker Rule, Touts 'Financial Innovation'

The New York Times | SIMON JOHNSON | Posted 05.25.2011 | Business

Amazingly, Mr. Geithner made no reference to the Volcker Rule, either explicitly or even implicitly -- despite the centrality of this idea to the rece...

Should We Put the Brakes on Financial Innovation?

Rohit Chopra | Posted 05.25.2011 | Business
Rohit Chopra

In recent years, most of the consumer financial innovations have been largely about getting ordinary people to borrow at pricing structures that they don't completely understand.

Financial Innovation: What Is It Good For (I)?

Dean Baker | Posted 05.25.2011 | Business
Dean Baker

Brookings economist Robert Litan put out a lengthy paper defending the major financial innovations of the last four decades. He makes some good points, but he presents a very incomplete picture.

Innovation ain't what it used to be

Martin Berg | Posted 05.25.2011 | Business
Martin Berg

Innovation is the strength of America. But over the past several decades financial innovation has focused on mathematical models rather than on a vision of improving the country and people's lives.

Feb. 22 Marks A Brand New Day for Banking

Patrice Peyret | Posted 05.25.2011 | Home
Patrice Peyret

On Feb. 22, new first of many new financial regulations to protect consumers takes effect. It's not a moment too soon. Banking, especially retail bank...

Stiglitz Tells Davos: Bankers Created "Negative Value" For Society | Jacqueline Simmons and Ian Katz | Posted 05.25.2011 | Business

Bankers created "negative value" with innovations such as mortgages that homeowners couldn't afford, said Nobel laureate Joseph E. Stiglitz, who is sp...

Paul Volcker, Former Fed Chairman To Wall Street: "Wake Up, Gentlemen"

Huffington Post | Eric Sorensen | Posted 05.25.2011 | Business

Former Federal Reserve Chairman Paul Volcker delivered a jarring message to high-level bankers and regulators at an exclusive meeting in Sussex, Engla...

The Phantoms of Economic Stabilization

Harry Moroz | Posted 05.25.2011 | Business
Harry Moroz

Last September, in arguing against passage of the Emergency Economic Stabilization Act that created TARP, I hedged: Government action is absolutely n...

What Has Financial Innovation Ever Done for You?

Eric Schurenberg | Posted 05.25.2011 | Business
Eric Schurenberg

Most financial innovations for consumers tend to be ways to fatten profits for financial service providers by rendering simple products more complicated. They usually only cater to fear and greed.

How The Middle Class Got Squeezed: Charles Hugh Smith

DailyFinance | Charles Hugh Smith | Posted 05.25.2011 | Business

The current recession has stoked deep-seated fears about a declining middle class. A great collective anxiety about such a decline has been floating a...

Fear and Looting in America: Innovation or Casino Capitalism?

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

Banning any derivative product that the average public official can't understand represents a financial innovation with promise.