Key insight: The trade association letter urges the White House to reverse cuts to the congressionally mandated program. Supporting data: The Office of Management and Budget has let go CDFI Fund staff as part of a reduction in force across the government, and the administration has singled out the program for cuts to the extent […]
Banks urge Trump admin to restore CDFI Fund staff, funding Read More »
Key insight: A failure in an AWS internal subsystem in its northern Virginia region caused widespread errors and latencies across the internet on Monday. What’s at stake: The outage disrupted services at banks and fintechs like Navy Federal, Truist and Chime, reminding the sector of its concentration risk. Expert quote: “When AWS sneezes, half the
Navy Federal, Truist, Chime among victims of AWS outage Read More »
Nexa Lending welcomed mortgage industry veteran Tammy Richards as chief strategy officer, one of a series of recent moves introduced by the company as it also undergoes a rebranding initiative. As chief strategy officer, Richards will help lead market development and expansion for the Mesa, Arizona-based lender, which recently changed its name from Nexa Mortgage.
Nexa Lending adds Tammy Richards to executive team Read More »