Bankruptcy Blogs

House votes to protect VA loans, promote counseling for FHA borrowers

07/10/19

The chamber passed a bill that would clarify how certain loans backed by the Department of Veterans Affairs are securitized, and legislation encouraging first-time homebuyers to participate in counseling programs.

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Proven bank privacy laws should apply to tech firms, too

07/10/19

The Gramm-Leach-Bliley Act is a successful privacy law that ought to govern all financial services providers, not just banks.

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Fed officials differ on stress tests?; Deutsche's golden parachutes

07/10/19

Powell sees need to "keep firms on their toes" while Quarles wants easier tests; €52 million paid to leaving execs nears total paid to board.

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What to expect when you're expecting a report on GSE reform

07/09/19

Treasury and HUD are close to unveiling administrative and legislative options for ending the conservatorships of Fannie Mae and Freddie Mac. Will their findings be heavy on detail or leave a lot unanswered?

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New banks of 2019

07/09/19

Ribbon-cuttings for de novos have become more common as regulators have warmed up to the idea of granting new charters. These are the banks that have opened this year, along with more that are on track to do so.

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WSFS in Delaware warns of higher 2Q credit costs

07/09/19

The company disclosed that net charge-offs will spike due to issues with loans to a health care facility and a refinery.

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Federal banking regulators finalize changes to capital rules

07/09/19

The FDIC, Fed and OCC said the impact will be greater for firms with substantial holdings of mortgage servicing and certain other assets.

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Regulators exempt community banks from Volcker rule

07/09/19

Bank regulators finalized a proposal to exclude small institutions from the proprietary trading ban, as required by last year’s reg relief bill.

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Payday loan alternative moves forward in California

07/09/19

A bill to regulate firms that give workers early access to unpaid wages passed a key committee this week, but industry groups and advocates are still seeking changes.

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In reversal, FHFA defends constitutionality of its leadership structure

07/09/19

The agency had decided not to challenge a recent court ruling that its structure violates the separation of powers, but newly confirmed Director Mark Calabria now appears willing to the fight the case.

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