Bankruptcy Blogs

One fintech’s plan to free consumers from credit card debt 

12/11/18

Jason Brown explains why his company, Tally, helps consumers by paying their monthly balances, providing advice and offering a lower-rate credit line.

[more]

How banks could fend off Amazon and Facebook

12/10/18

Nearly 60% of people thinking about switching banks would be open to banking with a big tech company if they ever get that option. Cash incentives or existing savings accounts are big factors in consumer decisions — and things that banks could keep in mind in their efforts to recruit or retain customers.

[more]

House panel slams Equifax for breach but offers no legislative fix

12/10/18

Republicans on the House Oversight Committee concluded that last year’s massive data breach at Equifax was fully preventable, but stopped short of recommending new laws aimed at averting future hacks. Democrats called the final report a “missed opportunity.”

[more]

Fed won't lift Wells' growth cap until deficiencies are fixed: Powell

12/10/18

The Federal Reserve Board chairman told Sen. Elizabeth Warren in a letter that the central bank is actively reviewing the bank's progress in following a February consent order.

[more]

Students pay price in banks' marketing pacts with colleges: CFPB

12/10/18

Wells Fargo charges students nearly four times as much in fees as banks without college marketing agreements, according to an internal report by the Consumer Financial Protection Bureau.

[more]

Developing Personal Insolvency Crises in China and India

12/10/18

What is it like to be desperately insolvent with no access to a relief system like the bankruptcy discharge? Many, many people are likely to find out in the coming months in China and India in light of recent developments in these mammoth markets. Neither country currently offers individuals effective relief from financial distress, though both have been actively but languidly considering the adoption of such relief for a long time. That relief can't come soon enough, though I'm not optimistic about its arrival anytime in the near future.

[more]

What Calabria at FHFA would mean for GSE reform

12/10/18

The administration’s reported interest in having the White House aide run Fannie Mae and Freddie Mac's regulator signals a focus on constraining the mortgage giants’ role in the housing market.

[more]

Bank of America, CIT Group and BBVA: Bankers on the move

12/10/18

Several banks saw significant changes in leadership as the year comes to a close.

[more]

Facing consumers' fears: How fintechs target money anxiety

12/10/18

Several challenger banks are trying to relieve consumers’ financial stress by offering tools that guide better habits.

[more]

A challenge too good to pass up put Simone Lagomarsino back in the C-suite

12/10/18

The former head of Heritage Oaks Bancorp says she relishes a chance to reinvent Luther Burbank, a thrift that wants to make more commercial loans — a shift she has deftly orchestrated before.

[more]