Bankruptcy Blogs

Bankruptcy Filing Rate Remains Flat

11/14/19

Annual Filings Oct 2019Every month I see stories about the bankruptcy rate moving up and down. The truth is that the U.S.

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FHA finances improve markedly, but officials won’t cut premiums yet

11/14/19

The Federal Housing Administration's mortgage insurance fund now sits in a much better financial position, but officials say it's still not strong enough to make the premium cuts the industry wants.

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Banks are all revved up for boat, RV lending

11/14/19

Bank of the West intends to stop making indirect auto loans and will instead focus on financing purchases of boats and recreational vehicles. It’s just the latest example of a regional bank pouring more resources into the powersports sector.

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Is time running out to save black-owned banks?

11/14/19

A recent bank failure and a new legislative effort are again drawing attention to the struggles of black-owned banks since the crisis — and the fact that only 21 are left.

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Fed's faster payments network likely ahead of schedule: Powell

11/14/19

The central bank originally predicted FedNow's launch within five years, but the Fed chairman told House lawmakers that he expects it will happen sooner.

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Call for Papers -- 2020 Boulder Conference on Consumer Financial Decision Making

11/14/19

The inimitable John Lynch emailed to let me know that the call for papers is open for the 2020 Boulder Conference on Consumer Financial Decision Making, to be held from May 17-19, 2020. Much more information, including how to submit an abstract for consideration, appears on their web site.

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Indiana bank lines up rare credit union acquisition

11/14/19

First Bank of Berne has agreed to acquire Adams County Credit Union, flipping the script in a year in which 14 credit unions have announced deals to buy banks.

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Wells Fargo's former interim CEO Parker to leave in March

11/14/19

Allen Parker, who led Wells Fargo during its six-month search for a new chief executive, will leave the bank next year.

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Elizabeth Warren slams Goldman over Apple Card bias furor

11/14/19

It’s the company’s responsibility to come forward with the information about how an algorithm that could be discriminating against women borrowers was designed and the exact impact of it, she said.

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Open banking will bring banks and fintechs together

11/14/19

Consumer demand for digital financial services will inspire a wave of new partnerships.

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