Bankruptcy Blogs

Trade deal could unlock billions in lending opportunities

12/13/19

Though details of a potential pact with China aren't clear, bankers are hoping it could convince leery customers to finally go through with delayed investments.

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Another new bank proposed for Atlanta

12/13/19

Organizers have applied to form Craft Bank. If successful, the bank would become the third to open in the Atlanta area in recent years.

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OCC, FDIC propose CRA overhaul; PayPal sues CFPB over prepaid rule

12/13/19

The plan would increase lending and transparency, the regulators say; the company says the rule unfairly lumps together digital wallets and prepaid cards.

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A Community Reinvestment Act that works for everyone

12/12/19

Comptroller of the Currency Joseph Otting explains why his agency and the Federal Deposit Insurance Corp. have moved forward with a proposal to change the 42-year-old CRA.

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7 things that will affect next stage of banking's evolution

12/12/19

More digital competition, tougher tech choices and a completely new generation of customers are just some of the challenges facing bankers in the near future.

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NCUA approves budget, delays capital plan. No one's happy.

12/12/19

The National Credit Union Administration board signed off on a controversial budget, and it delayed its risk-based capital rule to buy itself time amid complaints by bankers.

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Fifth Circuit Renders Important Subject Matter Jurisdiction Opinion Concerning Restraint of Inter-Galactic Trade

12/12/19
Just in time for the holidays, the Fifth Circuit has released THE MOST BIZARRE OPINION OF THE YEAR. A lawyer claiming to be a Deity and a Monarch brought suit against the United States and the State of Louisiana on behalf of the Atakapa Indian de Creole Nation. The District Court sensibly dismissed the suit based on sovereign immunity. However, the Fifth Circuit chose to affirm the decision on the ground that the suit was so completely frivolous that the federal courts lacked jurisdiction to even entertain it. Atakapa Indian de Creole Nation, No.
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Lawmakers give wildly divergent reviews of CRA plan

12/12/19

Regulators’ sweeping proposal to reform implementation of the Community Reinvestment Act has drawn strong opinions on both sides.

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U.S. Bank, JPMorgan freed from BSA enforcement actions

12/12/19

The regulatory action from the Federal Reserve was one of two U.S. Bank received for its dealings with a payday lender who was later convicted of fraud.

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Why PayPal is suing the CFPB over its prepaid card rules

12/12/19

PayPal — which is rarely thought of as a prepaid card company — has filed a lawsuit against the CFPB over its rules on prepaid accounts, underscoring the rapid changes in digital financial services and PayPal’s own expanding financial services ambitions in recent years.

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