Bankruptcy Blogs

Discover's shares tumble after warnings on costs, credit quality

01/24/20

The credit card lender has seen problem loans spike since it introduced a feature that lets at-risk customers restructure loans through its online and mobile channels.

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CFPB backers tell high court that agency's structure is legal

01/24/20

Democratic lawmakers, state attorneys general and others filed briefs with the Supreme Court rebutting claims that the agency’s leadership structure is unconstitutional.

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Food delivery apps to blame for stressed restaurant loans: BankUnited

01/24/20

As more consumers order in using such services as Uber Eats and Grubhub, restaurants are selling fewer desserts, drinks and other high-margin items, said CEO Rajinder Singh.

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New York faces more empty storefronts as bank branches shrink

01/24/20

With mobile banking on the rise, New York City is joining a trend that's already sweeping the rest of the country. Fewer bank branches. Smaller bank branches.

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Howard Bancorp in Md. to exit mortgage lending

01/24/20

The company, which sold the business to a group of former employees, will shut down its operation this quarter.

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Critics of credit union-bank mergers have it all wrong

01/24/20

Bankers may not want to hear this, but communities benefit when credit unions buy banks.

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FICO gets tougher on credit scores; Goldman pushes diversity

01/24/20

The changes will mean a bigger gap between the best and worst borrowers; the bank will require companies they take public to have a ‘diverse’ board member.

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Connecticut Man Sentenced In Identify Theft and Bankruptcy Fraud Scheme

01/23/20

A Connecticut man was sentenced to two years in prison for his involvement in a bankruptcy fraud scheme in which he stole the identity of a victim, incurred more than $200,000 in loans and lines of credit in her name, and then filed a bankruptcy petition to discharge the debt.  The defendant, Joel C. Riley, was also sentenced to make restitution in the amount of $211,142 and to a three year term of supervised release. 

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CapStar to buy two banks in middle Tennessee

01/23/20

The company will acquire the parent company of First National Bank of Manchester and Bank of Waynesboro for $85 million.

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Far from cheering CRA reform, CDFIs are worried

01/23/20

Community development financial institutions could stand to gain from efforts to modernize the Community Reinvestment Act, but they fear the proposal offered by regulators may end up draining their capital.

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