Bankruptcy Blogs

Google-Citi deal will face scrutiny; auto lending rises to near record level

11/14/19

The tech giant’s plan to offer checking raises concerns about how it will use customer data; third quarter loan originations were the second most on record.

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Banks shift focus in small business as loan growth slows

11/13/19

Banks are putting more effort in deposit gathering and fee-based products to offset thinning margins and increased payoffs by small-business clients.

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Tired of paying ‘ransom’ to core vendors, two small banks fund new one

11/13/19

The State Bank Group and The Provident Bank are backing Neocova, which focuses on community banks.

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Google-Citi partnership stirs privacy concerns

11/13/19

Questions about the search giant's planned use of transactional data resonate not only with wary consumers, but also with banks that are worried about big tech’s financial services ambitions, as well as lawmakers and regulators concerned about the tech industry’s growing reach.

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The Bancorp warns of looming BSA-related civil money penalty

11/13/19

The FDIC is pursuing the penalty five years after hitting the Delaware company with a consent order tied to BSA and AML compliance.

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Visa, Mastercard draw FTC inquiry over debit card transactions

11/13/19

Visa and Mastercard are once again in the crosshairs of U.S. antitrust regulators over policies that can prohibit merchants from routing card transactions over alternative debit networks.

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N.J. governor establishes public bank task force

11/13/19

Gov. Phil Murphy signed an executive order Wednesday establishing a board that would come up with a plan to create a public bank in New Jersey.

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OATH Corporation CEO Sentenced Following Guilty Plea to Bankruptcy Fraud

11/13/19

U.S. District Judge Roy B. Dalton, Jr. has sentenced David Martin “Marty” Golloher to three years in federal prison for wire fraud, tax fraud, and bankruptcy fraud, according to a press release from the U.S. Attorney's Office.

Golloher had pleaded guilty on August 30, 2019.

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Fannie and Freddie will likely exit conservatorship by 2024, Calabria says

11/13/19

And the government-sponsored enterprises could hold initial public offerings in 2021 or 2022 to ensure they hold adequate capital, FHFA Director Mark Calabria said.

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Fed focused on drafting joint CRA plan with other agencies: Powell

11/13/19

After others have hinted the three bank regulators may part ways on a Community Reinvestment Act proposal, Federal Reserve Chairman Jerome Powell told lawmakers a “common answer” is the ideal outcome.

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