Bankruptcy Blogs

TD still years away from full AI integration, CEO says

02/05/19

A year after buying the artificial intelligence fintech Layer 6, TD Bank is "rewiring how the organization has worked," Gregory Braca says.

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Canada's banking regulator opens door to easing mortgage rules

02/05/19

A top official at the Office of the Superintendent of Financial Institutions defended tougher underwriting rules blamed recently for a slump in the nation’s housing market, but left open the possibility that regulations could ease if conditions change.

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CFPB fines payday lender Cash Tyme for overcharging customers

02/05/19

The lender collected at least $21,800 that consumers did not owe and harassed borrowers' personal references, according to a CFPB settlement.

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S Corp banks finally get clarity on tax reform

02/05/19

Shareholders in Subchapter S corporations will get some tax relief of their own under a new Treasury Department rule that will let them take a 20% deduction on qualified business income, which includes loan originations and sales.

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Veteran of IBM's Deep Blue launches AI-based cybersecurity company

02/05/19

Banks are a primary market to be pursued by Blue Hexagon, which received $31 million in venture capital.

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Community banks still aren’t ready for CECL

02/05/19

Despite recent chatter about a delay, there’s reason to believe the Current Expected Credit Losses accounting standard will go into effect next year. Regulators should do more to help smaller institutions prepare.

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