report January 14, 2022 Biden’s nominees would bring diversity to the Fed—if they’re confirmed President Biden has announced his roster to fill key vacancies on the Federal Reserve’s 7-seat Board of Governors. If confirmed by the Senate, Biden’s nominees would advance his economic agenda at the central bank. They would diversify the ranks... By Brookings Institute, Post Brookings Institute
report January 12, 2022 The populist backlash in Chapter 11 From a bankruptcy perspective, the pandemic has unfolded differently than many expected. Prior economic crises have caused sharp upswings in bankruptcy filings. The 2007-2009 crisis was true to form, with business bankruptcy filings doubling during this time, to 60,837... By Brookings Institute, Financial Institutions Brookings Institute
report January 6, 2022 Who should regulate: Chairs or majorities of the board 2021 ended with a mini-crisis at the Federal Deposit Insurance Corporation (FDIC) resulting in the chair resigning after being outvoted by a majority of the board of directors. While this fight received substantial press attention, a similar fight occurred... By Brookings Institute, Financial Regulation Brookings Institute
report December 15, 2021 Opening statement of Aaron Klein at roundtable on America’s unbanked and underbanked Chairman Himes, Ranking Member Steil, members of the Committee, thank you for inviting me to participate at this roundtable on America’s unbanked and underbanked. I laud the Committee’s attention to these substantial problems that impact approximately one out of... By Brookings Institute, Financial Regulation Brookings Institute
report December 2, 2021 An AI fair lending policy agenda for the federal financial regulators Algorithms, including artificial intelligence and machine learning models (AI/ML), increasingly dictate many core aspects of everyday life. Whether applying for a job or a loan, renting an apartment, or seeking insurance coverage, AI-powered statistical models decide who will have... By Brookings Institute, Financial Regulation Brookings Institute
report November 29, 2021 China’s payments u-turn: Government over technology China has been at the forefront of a technological revolution in payments in both its private and public sectors. China’s tech firms succeeded in replacing the bank-based magnetic striped card world with a tech-based QR code system. Then the... By Brookings Institute, International Financial Institutions Brookings Institute
report November 16, 2021 Credit scoring: Improve or eliminate? Your credit score plays a major role in your life, impacting your ability to rent an apartment, buy a house, get a credit card, and even how much you pay for auto insurance. These three-digit numbers, graded on a... By Brookings Institute, Financial Institutions Brookings Institute
report November 8, 2021 How Fintech Companies Can Mitigate the Racial Wealth Gap On November 2, 2021, Brookings Metro Fellow Kristen Broady testified to the U.S. House Financial Services Committee’s Task Force on Financial Technology, during a hearing titled Buy Now, Pay More Later? Investigating Risks and Benefits of BNPL and Other... By Brookings Institute, Testimony Brookings Institute
report November 4, 2021 Low-cost and shrinking: Hamilton County, Ohio Navigation November 4, 2021 Hamilton County is a declining population, low-cost county located in a low-to-moderate cost, slow-growth metropolitan area (Cincinnati, OH-IN-KY). Seven of the 16 metro area counties saw population decline from 2009 to 2019, and half of the... By Brookings Institute, Essay Brookings Institute
report November 4, 2021 Expensive and growing: Loudoun County, Va. Navigation November 4, 2021 Loudoun County is rapidly growing, high-priced county located in a growing, high-priced metropolitan area (Washington, D.C.). All but one of the metro area’s 25 jurisdictions saw positive population growth from 2009 to 2019, and eight jurisdictions... By Brookings Institute, Essay Brookings Institute
report November 2, 2021 An analysis of financial institutions in Black-majority communities: Black borrowers and depositors face considerable challenges in accessing banking services Introduction Achieving the American dream—the opportunity to succeed, to provide food and shelter for family members, education for children, hope for a better life, and freedom of opportunity— requires capital. But, in the United States, access to capital for individuals... By Brookings Institute, Report Brookings Institute
report November 2, 2021 Focus on bank supervision, not just bank regulation Introduction Last month, the Biden administration made headlines nominating Cornell Law School Professor Saule Omarova to serve as Comptroller of the Currency, a position from which she would oversee the National Banking System. Omarova’s nomination has drawn sharp criticism from... By Brookings Institute, Financial Regulation Brookings Institute
report October 29, 2021 Greening Asia for the long haul: What can central banks do? Here in Hong Kong, Category 8 typhoons used to be infrequent. Just as floods in Germany and massive wildfires in California were disasters we might see every decade or so. Sadly, this is no longer the case. In one... By Brookings Institute, Post Brookings Institute
report October 29, 2021 Status check: Managing debt sustainability and development priorities through a ‘Big Push’ Executive Summary Emerging market and developing economies (EMDEs) have seen development prospects fade in the two years since the onset of COVID-19. Growth turned negative in 2020, is forecast to snap back in 2021, but then revert to a declining... By Brookings Institute, Report Brookings Institute
report October 29, 2021 Status check: Managing debt sustainability and development priorities through a ‘Big Push’ Executive Summary Emerging market and developing economies (EMDEs) have seen development prospects fade in the two years since the onset of COVID-19. Growth turned negative in 2020, is forecast to snap back in 2021, but then revert to a declining... By Brookings Institute, Report Brookings Institute
report October 29, 2021 What does success at the Glasgow climate conference (COP26) look like? Global leaders are gathering in Glasgow in the coming weeks as the United Kingdom hosts the 26th United Nations Climate Change Conference of the Parties, known as COP26. As global temperatures continue to rise, the calls for action on... By Brookings Institute, Podcast Episode Brookings Institute
report October 29, 2021 What does success at the Glasgow climate conference (COP26) look like? Global leaders are gathering in Glasgow in the coming weeks as the United Kingdom hosts the 26th United Nations Climate Change Conference of the Parties, known as COP26. As global temperatures continue to rise, the calls for action on... By Brookings Institute, Podcast Episode Brookings Institute
report October 28, 2021 Climate finance meets low-carbon agtech Headlining the climate finance discussions next week at COP26 may be the shortfall in advanced economies’ $100 billion annual pledge to help low- and middle-income countries (LMICs) adapt and further mitigate climate change. But with actual financing needs quickly... By Brookings Institute, Post Brookings Institute
report October 28, 2021 Climate finance meets low-carbon agtech Headlining the climate finance discussions next week at COP26 may be the shortfall in advanced economies’ $100 billion annual pledge to help low- and middle-income countries (LMICs) adapt and further mitigate climate change. But with actual financing needs quickly... By Brookings Institute, Post Brookings Institute
report October 28, 2021 Around the halls: Examining the impact of what does (or doesn’t) happen at COP26 The 26th U.N. Climate Change Conference (COP26) is scheduled to take place in Glasgow from October 31 to November 12, under the co-presidency of the United Kingdom and Italy. Brookings scholars from around the institution weigh in on how... By Brookings Institute, Climate Change Brookings Institute
