Bankruptcy Blogs

CFPB’s Kraninger agrees: Her job security is unconstitutional

09/17/19

The agency's director told congressional leaders and staff that she backs a Supreme Court challenge to the bureau's leadership structure.

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Regulators propose easing margin requirements on swaps

09/17/19

The plan approved by the Federal Deposit Insurance Corp. Tuesday would require banks to exchange initial margin only in deals involving external swaps parties.

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Senate Dems urge CFPB to extend QM patch

09/17/19

Senate Democrats are warning the Consumer Financial Protection Bureau to be careful as it considers changes to its mortgage underwriting rules.

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Banks’ deposit-rate challenge: How low can they go?

09/17/19

CEOs have been telling investors that if the Fed continues to cut interest rates, they will lower rates they are paying on deposits to minimize the hit to net interest margins. The danger is that if they lower rates too quickly or by too much, big depositors could go elsewhere.

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Ginnie Mae punished his firm. Now, Trump may put him in charge.

09/17/19

A mortgage industry executive with ties to a firm penalized in a U.S. predatory lending crackdown is being considered by the Trump administration to run Ginnie Mae, according to people familiar with the matter.

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A Drafting Error in Small Business Reorganization Act?

09/17/19

Is there a drafting error in the Small Business Reorganization Act? The other day I posted my estimate that 42% of chapter 11's would qualify, but my sharp-eyed colleague, Ralph Brubaker, noticed something wonky (in all senses of the word) in the new definition of a "small business debtor." (He also tells me that the next issue of the always-excellent Bankruptcy Law Letter will provide an in-depth look at the new law.)

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FDIC tries to ease small banks' concerns with capital rule revamp

09/17/19

Regulators have redefined a simplified capital measure for community banks following criticism that their 2018 proposal did not go far enough.

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SBA lenders fear another 7(a) shutdown, press Congress to act

09/17/19

The popular program could go idle next month for the second time in less than a year if lawmakers are unable to approve a $99 million credit subsidy.

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Why Wells Fargo is jumping on the digital currency bandwagon

09/17/19

It's not a reaction to JPM Coin, the banks says, but a way to speed up international payments for corporate clients.

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Georgia bank agrees to sale to Florida credit union

09/17/19

First Commerce Credit Union's agreement to buy Citizens Bank brings to 14 the number of deals this year in which a credit union is buying a bank.

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