Bankruptcy Blogs

First Midwest increases scale around Chicago with latest deal

12/07/18

The company has agreed to by $145 million for Bridgeview Bancorp.

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Fed rejects Wells fix-it plan; more trouble for Deutsche Bank

12/07/18

The move means the cap on asset growth may stay in place longer; the German bank reportedly processed 80% of the money laundered through Danske Bank.

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'No wonder they've had 12 straight years of losses': Comments of the Week

12/06/18

Readers sound off on the CFPB's name change, whether the Post Office should be allowed to engage in banking services and the FDIC's call to revamp the de novo process.

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CFPB orders State Farm Bank to improve credit reporting practices

12/06/18

The banking subsidiary of the Bloomington, Ill., insurer must stop providing inaccurate information to the credit bureaus under a consent order.

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CFPB catches flak from banks, credit unions on risks of AI

12/06/18

Executives urged the consumer bureau at a public meeting to keep a closer eye on artificial intelligence innovations developed by fintech firms that are subject to less regulation.

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Fintechs look to fill void in private student lending left by banks

12/06/18

Many banks remain wary of student loans given the government's dominance in the market, but some fintechs see untapped potential.

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Wells Fargo's latest troubles suggest tougher stance by OCC

12/06/18

An eight-month-old consent order appears to be forcing the San Francisco bank to grapple more deeply than it did previously with the many failures that led to its account-opening scandal.

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Merchants in Indiana to buy warehouse lender

12/06/18

Merchants has agreed to buy NattyMac, a company it has been in business with since 2014.

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Wall Street's bad reaction to #MeToo, Kraninger in at the CFPB, BofA women making moves

12/06/18

Men on Wall Street are taking a cue from Vice President Mike Pence by refusing to dine one-on-one with women; Coinbase is offering fertility benefits; and Bank of America executive Katy Knox gets a promotion.

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Senate barely confirms Kathy Kraninger as new CFPB director

12/06/18

Kraninger's nomination was lauded by industry groups, but vigorously opposed by consumer groups and Democratic lawmakers.

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