Bankruptcy Blogs

CFPB official under fire for past writings on race resigns

05/15/19

Eric Blankenstein, the CFPB's policy director for supervision, enforcement and fair lending, has been criticized for using a racial slur in blog posts 15 years ago and claiming the majority of hate crimes were hoaxes.

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The Medicis (yes, those Medicis) are back, and starting a challenger bank

05/15/19

The Italian family that founded a bank in the 14th century and pioneered branches and letters of credit is now setting up a tech-forward, crypto-friendly disruptor in the United States.

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JPMorgan Chase to give $125M to global financial health programs

05/15/19

The total includes donations to community groups helping low-income people, support for the development of financial coaching programs and investment in the creation and testing of fintech tools that can help underserved people.

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Fintech charter delayed following court ruling: Otting

05/15/19

A recent court decision allowing New York’s financial regulator to proceed in a case meant to block the Office of the Comptroller of the Currency from offering fintechs a new federal banking charter is having a chilling effect on potential applicants.

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House Dems: Fed should 'enact protections' instead of deregulating

05/15/19

Over a dozen progressive lawmakers urged the central bank to reverse its course and protect bank regulations enacted after the financial crisis.

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Fed should step aside on real-time payments

05/15/19

The private sector will be able to provide more efficient and innovative technologies for the industry.

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Banks want the rent-free deal credit unions get on military bases

05/15/19

The Defense Credit Union Council and the Association of Military Banks of America sent dueling letters to Congress about whether banks should pay for space on military installations.

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Bitcoin bounces back; CFPB reviewing overdraft fee rule

05/15/19

"Institutional support" spurs cryptocurrency price gains; the regulation limits what banks can charge for going negative on accounts.

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Slowdown, CRE, BB&T-SunTrust: What has bankers on edge

05/15/19

Ask 453 bankers their forecasts on loan demand and the economy, or their feelings about the BB&T-SunTrust merger, pot banking as well other hot issues, and a clear picture emerges. Promontory Interfinancial Network recently did just that, and here our five takeaways from the results.

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Did BNY Mellon violate ‘code of conduct’ in dealings with a community bank?

05/14/19

The New York bank says it acted appropriately in withholding the collateral on a loan to a developer that First Foundation Bank later refinanced. First Foundation’s CEO begs to differ.

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