Bankruptcy Blogs

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.

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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.

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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.

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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.

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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.

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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.

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The Community in Which Consumer Debtor Lawyers Reside 

12/13/19

Just as tax and estate planning lawyers are part of a network of helpers that includes accountants and financial planners, consumer debtor attorneys should ideally be part of a network of able and responsible helpers. Sadly, since prospective consumer debtors lack financial resources, the availability and quality of their non lawyer helpers is suspect.  There is a network of credit counseling agencies but critics have long attacked the effectiveness and loyalty of their services.

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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.

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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.

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