Bankruptcy Blogs

Wisconsin credit unions, banks get legal win in collections case

04/24/19

The Wisconsin Supreme Court upheld a "narrow interpretation" of a state-level consumer-protection law that maintains lenders' rights to collect debts without fear of being sued for damages.

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To strengthen AML protections, strengthen sales practices

04/24/19

Banks need to ensure those building new business are driven to look for evidence of illegal activity.

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First Citizens plays disruptor role with agreement to buy N.C. bank

04/24/19

Entegra Financial, which had agreed to sell to SmartFinancial, is now selling to First Citizens, which offered more money and will pay a breakup fee for the initial deal.

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Big investors welcomed by Fed; Morgan Stanley shifts top woman executive

04/24/19

The Fed wants to make it easier for investors to own big stakes in banks without triggering oversight; Shelley O’Connor has been named head of the firm's two regulated bank entities.

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About the Student Loan Forgiveness Price Tag...

04/23/19

Senator Warren's student loan forgiveness proposal has a lot of scolds moaning about the immorality of debt forgiveness, the unfairness to those who paid their debts, and complaining about the price tag. It's pretty obvious that none of those folks know anything about how the federal student loan system works. If they did, they'd know the we crossed the debt forgiveness Rubicon long, long ago.

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Fifth Third's agenda: Southeastern growth, 'digitization'

04/23/19

Now that the Cincinnati company recently completed its first bank acquisition in over a decade, CEO Greg Carmichael is pushing ahead on tech hires and expansion outside its Midwestern core.

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U.K. fintech now has war chest to push stateside

04/23/19

The British startup OakNorth sees U.S. community and regional banks as good prospects for its lending technology.

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Comerica has new CEO for the first time in 17 years

04/23/19

The Dallas company finally made the move that had long been expected: Curtis Farmer succeeds Ralph Babb as chief executive. However, Farmer will still report to Babb, who stays on as executive chairman.

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Student Loan Borrowing Is Different

04/23/19

Education finance and student loan forgiveness have been getting a lot of attention the last couple of days because of our former co-blogger's loan forgiveness proposal.  I'm not going to address the merits of that proposal here.  Instead, I want to make a simple point that many of the critics of Senator Warren's proposal don't seem to understand:  student loan borrowing is materially different from other types of borrowing, such that the borrower has no idea what s/he is getting into.

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FDIC must have full board to rule on BB&T-SunTrust: Sherrod Brown

04/23/19

In separate letters to President Trump and the head of the FDIC, the Senate Democrat said the merger cannot be approved until all five seats of the agency's board of directors are filled.

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