Executive Editor, Technology at American Banker
Penny Crosman is the Executive Editor of Technology at American Banker. With a focus on technology, innovation, justice, and the humane treatment of animals, Penny's articles explore the intersection of finance and technology, covering topics such as bank failures, cross-border payments, AI adoption in the banking industry, and the impact of regulations on the financial sector. Her work has also been featured in PaymentsSource, Financial Planning, National Mortgage News, Digital Insurance, and Employee Benefit News.
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United States (National)
Penny Crosman's articles mainly focus on the banking and financial technology sectors, often covering government announcements, legal policy regulation, and using data to support her pieces. She also delves into topics like artificial intelligence in finance.
To effectively reach out to Penny with relevant pitches, consider offering insights related to significant regulatory changes impacting the banking or fintech industry within the United States. Additionally, if you have credible data-driven analysis or can offer expert commentary on trends in these sectors that are supported by robust evidence or research findings, your pitch is more likely to grab her attention.
Although she doesn't specify a geographic focus beyond the United States, it's safe to assume that her primary interest lies within this region. Therefore, when crafting your pitch keep it focused on US-specific banking and fintech developments unless there is a compelling reason for an international angle.
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By: Penny Crosman, Kyle Campbell, Kate Fitzgerald, Bonnie Sinnock, Claire Williams, Brad Finkelstein, Mary Ellen Egan
The Federal Reserve Board governor and frequent regulatory critic says it would be appropriate for the U.S. to deviate from the agreed-upon international standards to reflect "unique characteristics" of the American banking system.
By: Penny Crosman
Popular generative AI models like OpenAI's ChatGPT respond differently to prompts involving Black- and white-sounding names, according to tests conducted at Stanford University's Human-Centered Artificial Intelligence center.
Amid healthy first-quarter loan growth and improving credit quality, Discover Financial Services slashed its profits by $800 million to offset remediation costs from a 16-year period when it overcharged certain merchants.
By: Brad Finkelstein, Jim Dobbs, Ebrima Santos Sanneh, Penny Crosman, Kate Fitzgerald
Charge-offs and nonperforming loans rose at the Georgia bank in the first quarter. But it blamed the problem on one large client and said the matter has been resolved.
By: Claire Williams
Ting Shen/Bloomberg WASHINGTON — The House Financial Services Committee voted along party lines to pass Congressional Review Act resolutions
By: Kate Fitzgerald, Jim Dobbs, Allissa Kline, Claire Williams, Polo Rocha, Penny Crosman, Catherine Leffert
The first-quarter increase stemmed from higher interest rates, partial charge-offs and certain problem loans, many involving commercial real estate, executives at the Dallas bank say. Further CRE deterioration is anticipated.
By: Kate Fitzgerald, Jim Dobbs, Allissa Kline, Claire Williams, Polo Rocha, Penny Crosman
The Detroit-based company is exploring ways to make more consumer auto loans without running afoul of stricter capital standards that are expected from the Federal Reserve. Possible approaches include more securitizations and the use of credit risk transfers.
By: Ava Benny-Morrison, John Reosti, Penny Crosman, Kate Fitzgerald, Frank Gargano, Mary Ellen Egan, Kyle Campbell, Miriam Cross
The Dallas-based regional bank tapped a client for its copilot capabilities, where employees can message a bot instead of a human to get tech assistance.
A bureau of the Department of the Treasury released an analysis on Friday calling attention to a scourge of financial exploitation against elderly
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