Bankruptcy Blogs

Reactions to CRA plan signal long fight ahead

12/15/19

While the banking industry has applauded regulators’ effort, community groups say the proposal needs to be reworked or it will hurt those the law was meant to help.

[more]

Senate Democrats demand OCC's Otting testify on CRA

12/13/19

The lawmakers sent a letter to the comptroller of the currency requesting his appearance before the Senate Banking Committee after he was unable to attend a hearing last week.

[more]

Wells Fargo adds ex-Comerica CFO in latest outside hire

12/13/19

Muneera Carr, who will become the San Francisco bank's controller on Jan. 6, is the newest addition to a team being assembled by CEO Charlie Scharf.

[more]

Rate cuts have put U.S. economy on ‘strong footing’: N.Y. Fed's Williams

12/13/19

John Williams said Friday that the Federal Reserve's three interest rate cuts this year have bolstered the housing market and consumer spending.

[more]

BNY Mellon tech plans, Gen Z's rise, CRA cheat sheet: Top stories of the week

12/13/19

BNY Mellon said it plans to accelerate tech spending; a Wells Fargo exec warned banks against ignoring Gen Z customers; the CRA reform proposal was finally released; and more from this week's most-read stories.

[more]

Bankers may turn to Supreme Court in credit union membership suit

12/13/19

An appeals court on Thursday denied bank groups an en banc hearing from all 11 appellate judges, but bankers said Friday that they're considering turning to the Supreme Court.

[more]

Mike Cagney's new firm says it's giving banks 'a compelling reason' to use blockchain

12/13/19

The SoFi co-founder said Figure Technologies is working with national banks to employ its distributed ledger tech for loan originations.

[more]

Synovus gives COO additional title of president

12/13/19

In addition to overseeing the bank’s lines of business, technology and operations, Kevin Blair will now be responsible for human resources, credit administration and all customer-facing support functions.

[more]

Swedish fintech Klarna eyes U.S. IPO to fund expansion

12/13/19

The United States could be the point-of-sale lender's largest market within two years, its CEO says. The firm's investors include BlackRock, Sequoia Capital and the rapper Snoop Dogg.

[more]