Bankruptcy Blogs

CRA strife, fintech charter, updating AML: Inside Otting's first year

12/12/18

More acquainted with the quick decision-making style of the banking world, the comptroller of the currency found a policymaking environment in D.C. that moves at a slower pace.

[more]

It's official: White House taps Calabria as head of FHFA

12/12/18

The White House confirmed that it plans to nominate Mark Calabria as the next director of the Federal Housing Finance Agency.

[more]

OCC sees sharp drop in mortgages serviced by large banks

12/12/18

An agency report said servicing portfolios have shrunk by nearly half in 10 years as much of the mortgage market has shifted to nonbanks.

[more]

7 (realistic) predictions about fintech in 2019

12/12/18

Even the best technologies take time, making it necessary to rein in expectations about what will happen and won't happen in the coming year.

[more]

Berkshire Hills to enter Rhode Island with SI Financial purchase

12/12/18

The $180 million acquisition is the first for Berkshire since the sudden departure of CEO Michael Daly.

[more]

Wells called priciest bank for students; Senate bill targets 'live' checks

12/12/18

A CFPB report says the bank is the most expensive bank for college students; lenders would be banned from mailing high-interest loans disguised as checks.

[more]

Investors in N.J. to close four branches

12/12/18

The $25.5 billion-asset company has also restructured its securities portfolio as part of a broader effort to reduce costs and improve profits.

[more]

‘I am very excited to be here’: Kraninger signals new tone atop CFPB

12/11/18

The newly sworn-in director’s first public remarks seemed to contrast with the approach of her predecessor, Mick Mulvaney, who at times questioned the role of the agency.

[more]

Data aggregator Plaid raises $250 million for expansion

12/11/18

Plaid, which moves consumer data between financial institutions and fintechs, could expand overseas as part of a broad growth plan, according to a venture investor.

[more]

Mulvaney's last move at CFPB aims to help fintechs

12/11/18

The agency's departing acting director filed a proposal Monday for a new sandbox that would grant firms a legal safe harbor and "exemptive relief" from enforcement.

[more]