Bankruptcy Blogs

Warren leads Democratic call to reconsider another CFPB hire

06/25/19

Democratic lawmakers argue that Paul Watkins' former employment at a "homophobic hate group" makes him unfit to lead the agency's innovation office. Watkins says he did no advocacy work for that organization.

[more]

Lawmakers spar over whether Fannie, Freddie are SIFIs

06/25/19

There is bipartisan agreement in the Senate that Fannie Mae and Freddie Mac are "too big to fail" but some lawmakers are skeptical that a SIFI designation is appropriate.

[more]

Trump forms White House council to ease barriers to affordable housing

06/25/19

The president signed an executive order Tuesday establishing a White House council dedicated to examining regulatory barriers to affordable housing.

[more]

Dimon to Bank of America: We're coming for you

06/25/19

"We're going right at Bank of America, folks, in Charlotte, their hometown," JPMorgan Chase CEO Jamie Dimon said to cheers and laughter at a branch opening in midtown Manhattan. "We've been waiting a long time to start the expansion of Chase retail."

[more]

With hiring spree, Signature aims to accelerate commercial lending

06/25/19

The New York bank has recruited a dozen commercial lenders from PacWest, Wells Fargo and other rivals, continuing its shift away from its historic reliance on multifamily lending.

[more]

Bank CIO’s mission: Getting out from under bad tech vendor contracts

06/25/19

Brad Goedken wants agreements for HarborOne Bancorp to include better protections, such as cost reductions if a service fails.

[more]

Minority-owned banks' performance has significantly improved: FDIC

06/25/19

The number of minority depository institution charters is declining even as their financial performance is going up, according to a new study by the FDIC.

[more]

Citi ties ThankYou rewards to Mastercard tech for instant redemption

06/25/19

Citigroup will be the first major issuer to use Mastercard technology to give U.S. credit card holders the ability to instantly redeem points on eligible purchases online and through a mobile app.

[more]

Credit unions are buying banks, but can they keep the customers?

06/25/19

The biggest challenge for credit union acquirers involves retaining commercial customers at the banks they buy. That's why constant communication, and having more commercial products and services, matter.

[more]

Before they regulate AI, Congress needs to define it

06/25/19

As lawmakers meet this week to discuss artificial intelligence, they should work with regulators to create universal and workable definitions.

[more]