Bankruptcy Blogs

Head of JPMorgan's mortgage banking business leaves firm

01/31/20

JPMorgan Chase's Mike Weinbach, chief executive of the home lending business, is departing JPMorgan Chase after 16 years.

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Fed votes to ease Volcker restriction; Truist reports a setback

01/31/20

Banks would be allowed to own stakes in venture capital funds; the combined BB&T-SunTrust isn’t realizing cost savings as fast as it projected.

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Banks hope Ex-Im revival is shot in the arm commercial lending needs

01/30/20

Lenders that depend on the Export-Import Bank to back loans to exporters are already seeing business borrowing pick up after Congress reauthorized the agency in December.

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CFPB sues Citizens over card fraud claims, but bank pledges to fight

01/30/20

The consumer bureau alleges the Providence, R.I., bank mismanaged billing error claims over a six-year period. Citizens Bank says it is “puzzled and disappointed” by the agency’s action.

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BankFlorida to be sold to individual investor

01/30/20

Kenneth Lehman, a former banking attorney who acquires large stakes in small banks, will buy BankFlorida, which lost $555,000 through the first nine months of 2019.

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Bankers to get help with spotting human trafficking

01/30/20

The American Bankers Association said it’s offering a new online course because of increased demand by members for training tailored to banking.

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ICBA urges Congress to crack down on CU-bank deals

01/30/20

The head of the small-bank trade group called for hearings to discuss tougher limits on credit union acquisitions of banks.

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Truist defers more cost cuts to 2022

01/30/20

The company has revised its near-term forecasts for reducing expenses, citing delayed branch closings and a decision to spend more time testing systems ahead of conversion and integration.

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Right After Bankruptcy, Carla Signed on a Car Loan

01/30/20

Right After Bankruptcy, Carla Signed on a Car Loan and She’s Probably Gonna Lose Her House I tell people please please please, do not get a car loan until at least two years after your Chapter 7 bankruptcy.   Two years after bankruptcy, I’m seeing people get car loans in the 6%-8% range. Three years […]

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CFPB's hiring of former DOJ official could raise ire of Capitol Hill

01/30/20

The agency has named Thomas G. Ward as the bureau’s assistant director for enforcement. House Democrats have questioned Ward's role as a political appointee in the Trump administration.

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