Bankruptcy Blogs

The JPM-OnDeck split, Truist's tech plans, Capital One's breach: Top stories of the week

08/02/19

JPMorgan Chase ends business loan partnership with OnDeck; Truist out to prove it can best the megabanks in tech; Capital One's data breach was bad, but it could've been worse; and more from this week's most-read stories.

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CFPB extends comment period on debt collection plan

08/02/19

The CFPB is giving the public an additional 30 days so consumer groups have more time to respond.

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Regulators must issue AI guidance or FDIC will: McWilliams

08/02/19

The FDIC chief said it is critical to give the industry clarity on using emerging technologies, particularly for the thousands of community banks her agency oversees.

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A way to protect pot lenders: Spotting high energy users

08/02/19

A fintech called NCS Analytics wants to analyze power-use data at cannabis businesses for banks that finance them. It says the information can help expose illegitimate activity.

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Bipartisan AML bill is just the right touch

08/02/19

Under the Illicit Cash Act, anti-money-laundering rules would be clearer — so banks would have no excuses for noncompliance.

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Fed's examination of the cloud; lawmakers seek meeting with CapOne, Amazon

08/02/19

A Fed team toured an Amazon facility at about the same time Capital One’s data was hacked; House oversight members want answers from the CEOs of the two companies.

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How Trump’s political appointees thwarted tougher settlements with two big banks

08/02/19

After talks with well-connected lawyers for Barclays and the Royal Bank of Scotland, senior Justice Department officials in Washington last year overruled career prosecutors who had been investigating wrongdoing that cost investors billions.

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How NOT to Regulate ISAs

08/01/19
Income-sharing agreements or ISAs are becoming an increasingly popular way to finance higher education. The key problem that ISAs face as a product is uncertainty about their regulatory status. Are ISAs “credit” for various statutory purposes?
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'Another day, another hack': Comments of the week

08/01/19

Readers react to Capital One's massive data breach, raise alarm to The Bancorp's expansion in CRE securitizations, defend fintechs offering retirement plans and more.

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Biden's Involvement in the Detroit Bankruptcy?

08/01/19

In the Democratic Primary debate last night, former Vice-President Joe Biden claimed to have been deeply involved in the Detroit bankruptcy: 

Q (Tapper): What do you say to progressives who worry that your proposals are not ambitious enough to energize the progressive wing of your party, which you will need to beat Donald Trump?

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