Bankruptcy Blogs

Square sued over privacy issues; Banks eye Australia market

07/02/19

A California man says the company sent his medical information to a friend of his; the Big Four's monopoly may be coming to an end as Citi and others move in.

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Is facial recognition safe for financial institutions to use?

07/02/19

The technology has become controversial for its potential for bias. Notre Dame professor Kevin Bowyer explains what his studies of this issue have found.

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Are states up to the task of regulating Facebook?

07/01/19

Facebook’s plan to launch a cryptocurrency has raised concerns that state banking regulators may not be equipped to oversee large, international companies.

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Capital One keeps closing branches, even as rivals open them

07/01/19

Other banks say they need to add branches to attract more deposits, but Capital One is sticking to its strategy of aggressively closing them and gathering the bulk of new deposits online.

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Customers in Pa. warns of earnings hit after mortgage client shuts down

07/01/19

The bank said it could record a $7 million charge in the second quarter after the client unexpectedly closed in May.

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Manafort's banker banned by OCC

07/01/19

The ban, which came to light Monday, will remain in effect until either the final disposition of Stephen Calk’s court case or until it is terminated by Comptroller Joseph Otting.

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Virginia to open first new bank since financial crisis

07/01/19

Trustar Bank is set to debut in northern Virginia in July.

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PayPal, card networks may bear a ‘heavy burden’ with Facebook crypto plan

07/01/19

Visa, Mastercard and PayPal may have boosted the single, greatest risk they face -- that of tougher regulation -- by becoming early backers for Facebook new digital money, called Libra.

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Santander Consumer will pay $60M to remain a Fiat Chrysler partner

07/01/19

The agreement is expected to solidify a lending partnership whose status had been in doubt for more than a year. But it raised as many questions as it answered.

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Freddie CEO joins Harvard center focusing on housing finance reform

07/01/19

Freddie Mac CEO Donald Layton has joined the Harvard Joint Center for Housing Studies as a senior industry fellow focused on reform of the government-sponsored enterprises.

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