Bankruptcy Blogs

Tribes push for historic carve-out in CRA reform plan

09/02/19

Seeking to expand financial services access, tribal officials and some firms want regulators to award Community Reinvestment Act credit to any bank that funds projects in Native American communities.

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Do Judges Do Contract Interpretation Differently During Crisis Times?

09/01/19

Scholars of constitutional law and judicial behavior have long conjectured that judges behave differently during times of crisis.

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Forced arbitration, JPM's contrarian move, M&A as recruiting tool: Top stories of the week

08/30/19

The case of a pastor wrongly-accused by Wells Fargo has mandatory arbitration back in the spotlight; JPMorgan started buying securities long before talk about rate cuts; more banks are turning to M&A to acquire talent; and more from this week's most-read stories.

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Prompt notification would ease pain of data breaches: Survey

08/30/19

At the same time, consumers hold banks to tougher disclosure standards than government agencies, health care organizations and retailers, according to Experian.

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Mutual in Massachusetts lays groundwork for buying spree

08/30/19

Joseph Campanelli, CEO of Needham Bank, wants to be ready to scoop up mutuals struggling with rising costs and yield curve challenges.

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Mobile checking fintechs look to pick off unhappy small-business customers

08/30/19

NorthOne's U.S. launch joins other app providers hoping to attract entrepreneurs and freelancers with features such as real-time insights into cash flow.

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Temenos will buy digital banking software vendor Kony

08/30/19

The core-banking provider Temenos, based in Geneva, was drawn to Kony's strong U.S. presence, its software for banks and a special app it owns.

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Ditech, Reverse Mortgages, Consumer Concerns, and Section 363(o)

08/30/19

A couple days ago, Judge Garrity Jr. of the Bankruptcy Court for the Southern District of New York issued a 132 page opinion denying confirmation of Ditech's proposed plan. Ditech, of course, is an originator and servicer of mortgages, including reverse mortgages. Its plan contemplated sales of both its forward and reverse mortgage businesses--free and clear of customers' claims and defenses.

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Bank Iowa agrees to buy First State Bank of Colfax

08/30/19

Bank Iowa will gain a branch in a neighboring market when it completes the acquisition.

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PNC goes live on RippleNet

08/30/19

PNC has gone live on RippleNet, giving the blockchain company a major win in its effort to build a real-time cross-border payments network that includes large U.S. banks.

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