Bankruptcy Blogs

Racial divide exposed in lending to the smallest of small businesses

08/14/19

Black and Hispanic owners of one-person businesses are more likely to be discouraged from applying for financing, and they’re less likely to receive financing when they do apply for it, than their white counterparts, according to a new report from the New York Fed.

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HUD to loosen restrictions on FHA insurance for condo loans

08/14/19

The Department of Housing and Urban Development will remove some barriers to government-insured condominium lending next month, including a post-crisis measure housing industry groups have long pressed for a change to.

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FTC misled consumers about Equifax settlement, Warren says

08/14/19

The Massachusetts Democrat is questioning a claim by the agency about the amount of redress available to those affected by the credit bureau's 2017 data breach.

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Indiana credit union agrees to buy community bank

08/14/19

Indiana Members Credit Union will pay cash for Commerce Bank.

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Deutsche Bank shows it learned nothing from the 2008 crisis

08/14/19

The global bank’s overhaul plan will put taxpayers and the financial system at risk.

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Why Apple card will succeed; Opening the Fed payments system

08/14/19

Offering 3% on purchases through its App Store, Apple hopes to make its competitors' phones a less-appealing option; a call for speeding up FedNow.

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Heartland Financial buying bank in Illinois

08/13/19

The Iowa company will pay QCR Holdings about $59 million for Rockland Bank and Trust.

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Challenger banks rake in venture capital bucks

08/13/19

Changing consumer attitudes about these companies and the emergence of open banking have made them appealing to venture investors, whose commitments rose 15% in the first half of the year.

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FHFA reverses course, will let VantageScore pitch model to GSEs

08/13/19

The regulator of the government-sponsored enterprises retreated from an earlier proposal that had barred VantageScore because of its ties to the credit bureaus.

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Big banks need more diversity in leadership ranks: House Democrats

08/13/19

With women and minorities holding less than 25% of top positions at the eight largest U.S. banks, House Financial Services Committee Chairwoman Maxine Waters and other Democrats called on banks to improve their recruiting efforts and invest in programs aimed at building pipelines of diverse talent.

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