Bankruptcy Blogs

'Out of the shadows': Use of alternative data in lending gains ground

12/16/19

Financial regulators’ statement cautiously encouraging banks to go beyond traditional underwriting in their lending decisions is a big step forward for the use of alternative data and artificial intelligence, bankers say.

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Fintech lenders tighten standards, become more like banks

12/16/19

Easy credit has given way to cautiousness, with financial technology upstarts now seeking households with higher incomes, above-average credit scores and less debt relative to their wages.

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Community Banks with the Largest Portfolios of Home Equity Loans

12/16/19

On Sep. 30, 2019. Dollars in thousands.

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Community Banks with the Largest Farm Loan Portfolios

12/16/19

On Sep. 30, 2019. Dollars in thousands.

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Gatsby launches free options trading for millennials, Gen Z

12/16/19

The startup with a namesake app is already attracting young investors and has been in talks with banks about partnerships.

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Fed has to pitch in on CRA makeover

12/16/19

The OCC and FDIC have moved in the right direction by proposing reforms to the Community Reinvestment Act. Now it’s time for the Federal Reserve to join.

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Fintech, bank conflict heats up; Deutsche plans bonus cuts

12/16/19

Fintechs want access to customers’ financial data, but banks are resisting, on security concerns; Deutsche Bank may cut bonus pool 20% after 14% drop last year.

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David Lander Is Back!

12/16/19

Welcome to occasional guest blogger, David Lander, currently a professor of practice at Saint Louis University School of Law. In addition to his current and past academic postings, David has practiced consumer bankruptcy law with legal services organizations as well as business bankruptcy law at the Greensfelder Law Firm. Long-time readers will know that this mix of experience gives David a perspective that few others have.

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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.

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Credit Card Offers Come Faster Than You Expect

12/14/19

After bankruptcy credit card offers come faster than you think Have you heard the lie? The lie that filing filing bankruptcy means seven years with bad credit. You after bankruptcy credit will be better than most people expect.   The truth about after bankruptcy credit.  The truth is the opposite of that bad credit lie.  […]

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