Bankruptcy Blogs

First United in Maryland faces more pressure to sell

10/01/19

A second activist investor is pushing the company's board to find a buyer.

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The public option for real-time payments is taking too long

10/01/19

There is no way to know exactly what the market will look like in 2023 or 2024 when FedNow debuts. We're working on a solution that can help our customers right away, says Luanne Cundiff, president and CEO of First State Bank of St. Charles in Missouri.

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Fannie, Freddie to retain earnings; PayPal wins Chinese payments license

10/01/19

The GSEs will hold onto a combined $45 billion as they start the process of going private; PayPal becomes the first foreign firm to win approval to enter the country’s payments market.

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The trouble with banks' personal finance tools

10/01/19

Adoption of money management instruments offered by banks remains low. One expert explains why.

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Lifetime achievement: Barbara Desoer's unconventional path to big-bank CEO

09/30/19

In a long and storied career, Barbara Desoer has helped shape two of the largest banks in the country, Bank of America and Citibank. The most striking detail? Her biggest role came after she 'retired.'

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Does Amazon-Google-Microsoft hold on the cloud pose a risk to banking?

09/30/19

With financial institutions relying more and more on cloud computing services, Washington is increasingly focused on the concentration of industry data in the big three technology giants.

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Columbia Banking System will promote Clint Stein to CEO

09/30/19

The transition to Stein from Hadley Robbins is the result of a multiyear succession process, the Tacoma, Wash., company said. Robbins had succeeded the late Melanie Dressel.

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House GOP calls on CFPB to continue remittance rule exemptions

09/30/19

House Republicans are pushing the CFPB to continue to allow banks and credit unions to estimate exchange rates and fees for money transfers.

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When Not to Approve a Compromise

09/30/19
Compromises are favorites of the law.   A compromise and settlement can avoid expensive litigation and as more than one judge has pointed out, the deal that the parties make will generally be better for them than the ruling the court provides.  However, bankruptcy involves many stakeholders so that when two parties reach a settlement which affects rights of the estate, the parties must go to the court for approval of their compromise under Fed.R.Bankr.P. 9019.   
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Data aggregators push back against notion they have a fraud problem

09/30/19

Fincen and others say third parties are proving to be treasure chests for crooks who create synthetic identities, but aggregators argue they help detect risk banks can’t see.

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