Bankruptcy Blogs

Latest to seek ILC charter is Japanese e-commerce firm

07/26/19

Rakuten joins a growing list of fintechs trying to enter the regulated banking sector. All have faced their share of obstacles.

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Morgan Stanley tries the cloud; Santander-Orcel feud escalates

07/26/19

“Digital Vault” will allow customers to store encrypted documents on third-party servers; bank accuses Orcel of misdeeds.

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'Stop sugar coating the reverse mortgage': Comments of the Week

07/25/19

Readers react to BofA defending reverse mortgage borrowers, support the Federal Reserve creating a real-time payments system, advocate for consolidating federal bank agencies and more.

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Wintrust continues Chicago suburb expansion with SBC purchase

07/25/19

The company agreed to buy the parent of Countryside Bank for $90.5 million.

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Regions' big investment in digital is paying off

07/25/19

The Alabama bank, which is spending hundreds of millions on technology, says the ability to make faster credit decisions is one reason digital metrics such as checking account openings are soaring.

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Playing with Fire: The CFPB's Proposed Repeal of the "GSE Patch"

07/25/19
CFPB today put out an advance notice of proposed rulemaking to amend the Qualified Mortgage (QM) Rule by letting the "GSE Patch" expire.  What the Bureau is proposing is truly dangerous.  While I haven’t liked some of the Bureau's other proposed rules (including under the Cordray Directorship), none of them were an all-out ideological gamble with the economy. This one, in contrast, is really playing with fire.
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Frost Bank bumps up against familiar challenge: A dearth of tech talent

07/25/19

The San Antonio bank has had little trouble hiring retail bankers to staff its new Houston branches, but it’s having a harder time filling IT and cybersecurity jobs at its headquarters, said CEO Phil Green.

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Spirit of Texas expanding eastward with latest deal

07/25/19

The company agreed to pay $66 million for the parent of Citizens State Bank in Tyler, Texas.

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CFPB ending special treatment for Fannie, Freddie in mortgage rule

07/25/19

The agency’s director said it will let a temporary GSE exemption from the “qualified mortgage” regulation expire.

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Associated adding heft near St. Louis with First Staunton acquisition

07/25/19

The Wisconsin regional agreed to buy the parent of First National Bank in Staunton for $76 million in cash.

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