Bankruptcy Blogs

GSE investors seek Supreme Court ruling on FHFA constitutionality

09/26/19

The shareholders' claims against Fannie Mae and Freddie Mac's regulator mirror arguments in cases challenging the Consumer Financial Protection Bureau.

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FDIC to conduct in-depth review of suspicious Texas bank failure

09/26/19

An initial review determined that lax oversight at Enloe State Bank allowed for the origination of more than 100 allegedly fraudulent or fictitious loans.

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Senators formally introduce bipartisan AML reform bill

09/26/19

Though a draft has been circulating since this summer, eight senators on Thursday officially released a bill to require companies to disclose their true owners at incorporation.

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Matt Levine, Insider Trading and Mr. Potato Chip

09/26/19

Matt Levine is my favorite financial journalist to read on a regular basis because he is so darn funny (yes, there is lots of substance too, but I'm shallow and want to be entertained as well). Today's piece though, especially to someone who used to teach the law on insider trading, was priceless.

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GAO calls for more scrutiny of reverse mortgage servicing

09/26/19

The Federal Housing Administration should monitor reverse mortgage servicers more closely and track related data that would shed light on a rise in defaults, according to a Government Accountability Office report.

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Student Loan Crisis Driving Racial Wealth Gap

09/26/19

Twenty years after taking out student loans, white borrowers have paid 94% of their debt (at the median.)  Black borrowers, on the other hand, have paid 5%. While a disturbing 20% of white borrowers defaulted on student loans at some point during twenty years, a catastrophic 50% of Black borrowers defaulted.

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House lawmakers spar over CFPB debt collection rule

09/26/19

A hearing on legislative proposals exposed a sharp partisan divide over a regulatory plan to restrict the frequency of collection calls.

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Making digital advice profitable: Levers to pull and lessons learned from the trenches

09/26/19

How can banks create a profitable digital advice offering for mass affluent customers and grow their advisory business?

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U.K.'s Transferwise, once a rival to banks, launches with U.S. FIs

09/26/19

TransferWise once marketed itself as Robin Hood-style rival to banks. Now it sees itself as an ally.

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Wells may keep Parker; New role for mortgage modifications

09/26/19

Wells Fargo still having trouble finding permanent CEO; Some lenders are using the deals to keep their best customers.

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