Bankruptcy Blogs

Postal banking won’t deliver for USPS

08/20/19

Proponents of a plan to get the Postal Service more involved in banking say it would restore profitability. Actually it would lose more money.

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Former mutual to buy bigger bank in Atlanta

08/20/19

Community First will pay $40 million in cash for the parent of Affinity Bank.

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Alix v. McKinsey Update

08/20/19

Judge Furman has dismissed the federal RICO charges, and the case may be headed to state court. Our chances of actually finding out if McKinsey flouted rule 2014 (and § 327) are looking increasingly dim:

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A-Rod, J. Lo invest in fintech; Inverted yield curve hurts regionals

08/20/19

The power couple wants to help turn Acorns Grow from a niche app into a megabank; with many floating-rate loans, regionals’ profits drop as yields slip.

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Warren: Trump DOJ settlements let big banks off easy

08/20/19

Following an article by American Banker and ProPublica that detailed how political appointees weakened the penalties paid by two large banks, the Massachusetts senator is demanding more information from the Justice Department.

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How CFPB, FCC rules are reshaping debt collection

08/20/19

Regulatory efforts to protect consumers from harassment and robocalling are forcing big changes. Attorney Quyen Truong at Stroock & Stroock explains.

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Bankers turn curiously optimistic about the economy

08/19/19

Competition for deposits is tight, the outlook for loan demand is uncertain, and regulatory relief is slow-moving. Yet community bankers are feeling better about the economy than they have in two years, a Promontory Interfinancial Network survey found.

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Can banks really make enough loans to counter margin pressure?

08/19/19

Lenders insist they will be able to ramp up commercial loans and mortgage refinancings without skimping on underwriting.

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Increase in Regulatory Expense for Debtor-In-Possession Revolving Credit Facilities

08/19/19

The United States Court of Appeals for the Seventh Circuit held that payments made by a debtor’s customers to its lender converting a pre-petition loan to a post-petition loan constituted disbursements for the purposes of calculating the statutory fees payable pursuant to 28 U.S.C. 1930(a)(6). In re Cranberry Growers Coop., 2019 U.S. App. LEXIS 21121 (7th Cir. July 17, 2019). This decision, coupled with the increase in the quarterly fees for the U.S.

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BofA patent application hints at digital wallet plans

08/19/19

Bank of America has joined the likes of Walmart and Mastercard in seeking patents for blockchain technology that could be used for a digital currency or mobile wallet.

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