Kate Davidson is a reporter in American Banker's Washington bureau, where she covers the Treasury Department, Consumer Financial Protection Bureau and Office of the Comptroller of the Currency. She previously wrote about community banks in the Northeast and Mid-Atlantic. Before joining American Banker, Kate covered the House Financial Services Committee and Senate Banking Committee for Congressional Quarterly. She began her career in New Hampshire, where she covered the 2008 presidential primaries and business news for the Concord Monitor in Concord, N.H.
Housing advocates Bob Gnaizda and John Hope Bryant are pitching the Dignity Mortgage, a loan that could be made to nonprime borrowers with built-in protections and incentives for both borrowers and lenders.
The Consumer Financial Protection Bureau will supervise debt collection companies, a move that marks the second time it has asserted its authority under Dodd-Frank to oversee large nonbanks outside the direct lending sphere.