Garnet Capital Advisors Blog

Archived news

Our take on the latest trending events:

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While the leaders of financial institutions mostly embraced the bill, critics in the tech sector lambasted the effort as privacy nightmare that won't even stop cyberattacks.
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What happens when a more traditional, geographically-focused financial institution aims to combine with a company that primarily conducts its business online?
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While the reform will certainly sail through the Republican-dominated House, its chances of getting enough Democratic support in the Senate to override a likely veto by President Barack Obama remain slim.
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A banking cybersecurity assessment tool launched this summer by a federal interagency body has sparked worries that the "optional" protocols are becoming anything but voluntary.
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The Consumer Financial Protection Bureau has released the final list of what pieces of information banks must report to the government about home mortgages. Loan industry groups say the costs of the regulations may still outweigh any good done by widening the net of data.
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The latest snapshot of the national economy from the Federal Reserve Board shows bank lending rising amid greater consumer spending and a strengthening housing market. The strong dollar, however, has created headwinds in the manufacturing and tourism sectors.
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Three of the nation's largest banks reported continued robust loan growth in the third quarter.
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Treasury announced this summer it would begin taking comment letters on the burgeoning marketplace lending industry, which provides loans online, free from many of the regulations and due diligence requirements shouldered by traditional banks. Those letters recently began being made public.
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While banks manage to fend off a greater percentage of cyberattacks than other industries, widespread data breaches outside the financial sector pose a key challenge: How can banks prevent thieves from opening new accounts or accessing existing ones with information stolen from less-secure industries?
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Activists and politicians have launched a fresh campaign to restrict nonperforming loan sales to private equity and hedge funds. But they're getting pushback not only from the firms who argue the benefits of them buying up the distressed assets, but also by the housing officials who say the sale programs help neighborhoods.
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