Bankruptcy Blogs

'Let's play a drinking game': Comments of the week

10/10/19

Readers react to whether the next presidential debate will discuss banking, how California's financial policies are bleeding into other blue states, suggested reforms to the Community Reinvestment Act and more.

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One challenger bank's plan to bring immigrants into financial mainstream

10/10/19

Majority, which will launch nationwide later this quarter, will use networks of immigrants to sell a mobile phone-based account that features unlimited remittances and international calling services.

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Sallie Mae seeks to fill CARD Act void with student credit cards

10/10/19

In a move to tap into an underserved market opportunity — but with the potential for political backlash — Sallie Mae launched three different cash-back reward credit cards aimed at college students and young adults.

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What's driving the slowdown in SBA lending

10/10/19

Despite a strong economy, volume in the agency's flagship loan program has declined for two straight years. Here's why.

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LendingClub's new pitch to institutional investors

10/10/19

The company has rolled out an online platform for firms considering marketplace loans as an asset class.

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CFPB extends temporary HMDA relief for small institutions

10/10/19

Institutions that offer fewer than 500 open-end lines of credit will get another two-year exemption from reporting requirements under the Home Mortgage Disclosure Act.

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Fed finishes overhaul of post-crisis supervisory regime

10/10/19

The central bank finalized a host of regulatory-relief changes mostly benefiting midsize and regional banks that hew closely to proposals issued in April and last fall.

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WeWork executive to lenders: Coworking isn't a ‘fad or trend’

10/10/19

The head of the firm's real estate investment arm pushed back at the idea that buildings with coworking companies as lead tenants are risky bets for lenders.

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Executives at Miami-area microlender apply to form a bank

10/10/19

OUR Community Bank would focus on small-business loans with an emphasis on underserved Hispanic and Latino communities in South Florida.

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State regulators propose draft language for multistate licensing

10/10/19

The Conference of State Bank Supervisors has proposed creating model payments legislation that states could adopt to improve the state-by-state licensing process.

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