Bankruptcy Blogs

Regions leery of expected Fed rate cut

07/19/19

The Birmingham, Ala., company warned in its earnings call that moves by the central bank could make it harder to lower costs.

[more]

HUD suffers setback, CECL delayed, PNC plots expansion: Top stories of the week

07/19/19

A court ruling deals a blow to efforts by HUD to restrict nonprofit housing funds from operating on a national scale; most banks get another year to implement CECL; PNC chief William Demchak plans to enter more markets and more from this week’s most-read stories.

[more]

Paid in Full in Bankruptcy and the Unwary Creditor

07/19/19

If it sounds too good to be true, it probably is. But does that age-old maxim apply to a bankrupt customer offering to pay you 100% of your unsecured claim through a “prepackaged” bankruptcy or under a critical vendor program? The answer can be complicated.

[more]

Credit performance stabilizes at Synchrony

07/19/19

After rising between 2016 and 2018, the card issuer's charge-off rates are now steady. The trend reflects both the impact of tighter underwriting standards and the continued resilience of U.S. consumers.

[more]

Who says bank advisers can't get along with robos?

07/19/19

Lenders have learned that automated wealth management tools enhance financial advisers' interaction with clients and can bring in more business.

[more]

Senior House Republican proposes credit reporting changes

07/19/19

A bill by Rep. Patrick McHenry, R-N.C., would give the CFPB authority to oversee cybersecurity efforts at the credit bureaus.

[more]

Despite outcry, Congress unlikely to block Facebook's crypto plan

07/19/19

Lawmakers from both parties strongly criticized Libra this week, but largely steered clear of proposals to stop it.

[more]

3 ways to future-proof your payment processing

07/19/19

Financial institutions are in the midst of a digital revolution due to emerging, innovative technologies and shifts in consumer behavior and expectations. Payment processing is no exception.

[more]

CVB Financial finds itself in need of a new leader

07/19/19

Christopher Myers will retire as president and chief executive of CVB next spring, and the California bank says it will hire a search firm to begin seeking his replacement.

[more]

The brightest fintech minds could be right in your office

07/19/19

New tech-focused programs for employees can help banks evolve from within.

[more]