Bankruptcy Blogs

Household debt hits new high as low rates boost mortgage demand

11/13/19

Home loan originations rose by double digits in the third quarter while auto loan originations approached an all-time high, according to new household credit data from the New York Fed.

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Eagle in Maryland discloses spike in watch list loans

11/13/19

Such credits, which reflect borrowers with financial challenges, increased significantly during the third quarter.

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GOP senator tries to block commercial firms from becoming banks

11/13/19

Sen. John Kennedy, R-La., has proposed a bill to bar companies such as Rakuten from using industrial loan companies to access the banking system.

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Google partners with Citi to offer customers checking accounts

11/13/19

Google has partnered with Citigroup and a California credit union to offer consumer checking accounts, a person familiar with the matter said.

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Equity Bancshares in Kan. discloses material weakness tied to internal controls

11/13/19

The issue, tied to how the company reconciles corporate accounts to its general ledger, is not expected to impact past financial statements.

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Building the right sandbox to attract fintechs

11/13/19

Congress can help create a more uniform federal regulatory testing ground to foster innovation.

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Google to partner on checking accounts; Wells pushes for rebates

11/13/19

Tech giant takes will work with Citi; the bank reportedly asked IT providers to return some of the money it paid them in 2018.

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What a Local Traffic Snafu Teaches About Artificial Intelligence in Underwriting

11/13/19

The DC suburbs are a case study in NIMBYism. Lots of communities try to limit through-traffic via all sorts of means:  speed bumps, one-way streets, speed cameras, red-light cameras, etc.  The interaction of one of these NIMBYist devices with GPS systems is a great lesson about the perils of artificial intelligence and machine learning in all sorts of contexts.  Bear with the local details because I think there's a really valuable lesson here.

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Coercive "Consent" to Paperless Statements

11/12/19

If you've logged on to any sort of on-line financial account in the past few years, there's a very good chance that you've been asked to consent to receive your periodic statements electronically, rather than on paper. Financial institutions often pitch this to consumers as a matter of being eco-friendly (less paper, less transportation) or of convenience (for what Millennial wants to deal with paper other than hipsters with their Moleskines).

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‘Nobody has working capital’: Ag lenders lament trade war’s impact

11/12/19

So far farm loans are holding up well, but bankers gathered at an industry conference this week said they are growing increasingly concerned that credit quality will weaken if the U.S. and China don’t reach a deal soon.

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