Bankruptcy Blogs

JPMorgan boosts annual fee on Chase Sapphire Reserve card

01/08/20

JPMorgan Chase is boosting the annual fee for customers to $550 from $450 as it adds new perks with partners such as DoorDash and Lyft.

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Santander US names chief strategy officer

01/08/20

In the newly created role, Daniel Budington will be responsible for developing strategic partnerships and identifying growth opportunities.

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GSEs might operate under consent decree, Calabria says

01/08/20

Federal Housing Finance Agency Director Mark Calabria discussed the possibility of having Fannie Mae and Freddie Mac operate under a consent order to allow the government-sponsored enterprises to be able to raise capital.

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Fed's Brainard delivers sharp rebuke of CRA revamp plan

01/08/20

Though she stopped short of mentioning the FDIC and OCC by name, Fed Gov. Lael Brainard objected to several key elements of those agencies' proposal.

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Lenders have reason to encourage faster debt payoffs

01/08/20

Research shows most consumers would prefer more options to pay down their debt early. Here’s why it would also help banks.

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Goldman’s small reveal on consumer unit; Warren proposes bankruptcy reform

01/08/20

Marcus and the Apple credit card accounted for 3% of the bank’s profit in the first three quarters of 2019, despite a multibillion-dollar investment in consumer operations; the senator’s plan would make it easier to expunge debt.

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Banking 2025: Can regulators catch up to tech changes?

01/07/20

Policymaking has moved at an agonizingly slow speed compared with the exponential growth of technology, leaving regulators and lawmakers facing a huge task over how to keep up. 

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CRA plan could be breakthrough for credit-starved tribes

01/07/20

Native American leaders are cheering the proposal, which would give banks Community Reinvestment Act credit for making loans made on reservations, even if the lands sit far outside their assessment areas.

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The banking tech trends that will dominate 2020

01/07/20

Banks will have plenty of developments to follow this year, from Big Tech's evolving foray into the industry to data disputes and increased competition from digital-first challengers.

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Real Estate Agent Sentenced to 6 Years Imprisonment in Scheme to Conceal Assets

01/07/20

Arvel "Ray" Henderson II, a real estate agent whose convictions we reported here, was sentenced today to six years of imprisonment and ordered to pay $37,589 in restitution for stealing public funds, concealing assets in his chapter 7 case, and bankruptcy fraud.  The sentence imposed will run concurrently to 30 month sentence previously imposed for money laundering.

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