Bankruptcy Blogs

Robinhood's misstep, big tech v. big banks, RIP BCFP: Top stories of the week

12/21/18

Bankers cry foul over Robinhood's checking and savings accounts; Amazon, Google, Apple and PayPal are at odds with big banks over Fed's role in faster payments; Kraninger scraps plan to rebrand CFPB; and more from this week's most-read stories.

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On way out, Hensarling makes final case for GSE reform

12/21/18

The House Financial Services Committee held a hearing to examine the outgoing committee chairman's bipartisan GSE reform bill, but lawmakers were already looking ahead.

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Citi deploys AI to detect real-time fraud, errors in payments

12/21/18

The software, which was developed by Feedzai, will eventually block payments that appear to be fraudulent or mistaken.

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Trio of Georgia banks plan ambitious merger

12/21/18

The combination of CCF Holding, Heritage Bancorp. and Providence Bank will create a $1 billion-asset institution. Veteran bank investor Kenneth Lehman will be its chairman.

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Will de novo activity pick up in 2019? Think again

12/21/18

More banks were approved this year than any since the financial crisis. But challenges with raising capital, and a change in the political landscape, could deter prospective applicants next year.

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Blockchain startup inches closer to legally tradable tokens

12/21/18

Prometheum may succeed whether others have failed because it has attempted to work closely with regulators.

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Even with new leadership, questions about FHFA’s agenda abound

12/21/18

The process to confirm Mark Calabria as FHFA director could be lengthy, forcing the White House to consider how it will proceed with housing finance reform under Joseph Otting as acting head of the agency.

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Can WhatsApp coin fix Facebook's payments trajectory?

12/21/18

Facebook’s payments ambitions have made banks wary for years, despite many false starts. But now it looks as if Facebook is pivoting to develop a remittance business, starting with a cryptocurrency project in India.

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Mastercard hires Liz Oakes to bolster real-time payments

12/21/18

Former McKinsey & Company associate partner Liz Oakes has been named Mastercard's executive vice president of market development for the New Payments Platforms division.

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Robinhood’s stumble is a wakeup call

12/21/18

The promotion of “insured” accounts by nonbanks and fintechs is a worrying trend, because it could leave customers falsely believing their accounts are just as safe as FDIC-insured ones.

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