Bankruptcy Blogs

Democrats reiterate concerns about head of CFPB innovation office

08/15/19

Sen. Elizabeth Warren, D-Mass., and three House members are seeking more details about Paul Watkins' past work with an organization the Southern Poverty Law Center says is an anti-LGBTQ hate group.

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Unfazed by Capital One breach, KeyBank begins migration to cloud

08/15/19

The bank is moving a large analytics program and a massive amount of data into Google's public cloud, which its tech chief says is more efficient, secure and better able to handle spikes in demand.

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Lender risk from CFPB underwriting rule tested in Ohio case

08/15/19

The industry has long worried that the ability-to-repay rule gives borrowers an avenue to fight foreclosure, but one plaintiff’s experience may discourage others from trying.

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Nonbank players are ready for CECL — are banks?

08/15/19

The accounting standard is coming regardless of a delay. It will bring some nonbank lenders to the forefront of banking competition.

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Capital One hacker’s other targets; yield curve inversion slaps banks

08/15/19

The former Amazon employee got info from 30 other entities, prosecutors say; another bad day for bank stocks, with 3% losses typical.

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United Financial could've sold for a lot more money, filing shows

08/14/19

People’s United offered 30% more in the summer of 2018 for United Financial than it agreed to pay in a deal announced last month. What followed the initial talks is a textbook lesson in the impact of indecision and the unexpected in bank M&A.

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HSBC USA launches digital lending platform, admits to playing catch-up

08/14/19

The LendingClubs and SoFis of the world have a big head start, but HSBC's U.S. unit says its partnership with the fintech Avant will help it close the gap in online personal loans.

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Why Senate Republicans are sitting out pot banking fight

08/14/19

The 2020 election is shaping up to be a key yardstick for legislation expanding cannabis firms’ financial services access.

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Maryland-based Home Sleep Testing Company Seeks Sale Via Chapter 11 Auction

08/14/19

Fox Partner Mette Kurth discusses the NovaSom, Inc.’s recent  Chapter 11 case in Delaware:

NovaSom, Inc. has filed a Chapter 11 case in Delaware in order to sell its business through a “363” bankruptcy auction. We are providing you with information about the case that you can forward on if you have clients who may be interested in purchasing any of NovaSom’s assets.

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Mortgage servicer AmeriNat refiles for industrial bank charter

08/14/19

The company withdrew an earlier bid to become an ILC after regulators identified problems with its application. It is seeking a Nevada bank charter because it wants to add deposit management services and expand into small-business lending.

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