Bankruptcy Blogs

FDIC seeks industry help in effort to revive de novo banks

12/06/18

The agency's request for comment about the deposit insurance application process is among a series of actions aimed at streamlining charter applications.

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CFPB fines mortgage lender over claims it deceived veterans

12/06/18

The CFPB ordered Village Capital & Investment in Henderson, Nev., to issue refunds and pay a penalty for allegedly misrepresenting the cost savings in a refi product.

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Brown, Rubio float bill to protect small-business borrowers

12/06/18

The legislation would ban legal clauses that force small-business borrowers to give up their right to court proceedings before obtaining a loan.

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Crypto asset startup founded by ex-BNY Mellon banker raises $8 million

12/06/18

Trustology protects private keys to digital assets the way parking valets look after car keys.

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A two-pronged strategy for reaching the underbanked

12/06/18

Sunrise Banks in Minnesota offers products and services designed to help underserved communities and works with fintechs that have a similar mission.

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We can do better on de novos

12/06/18

A pipeline of new banks is critical to the long-term health of the industry and communities across the country, argues FDIC Chairman Jelena McWilliams.

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FDIC clears path for North Carolina de novo bank

12/06/18

Organizers of Community Bank of the Carolinas still need to raise $25 million and secure approval from the state's banking commissioner.

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Cambridge snags first N.H. branches with Optima acquisition

12/06/18

The Massachusetts bank has offered wealth management services in the state for several years.

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Wells fires district managers; Canadian banks back away from U.S. buys

12/06/18

This may be “the first wave” of managers being held accountable for the phony accounts scandal; high prices discouraging cross-border acquisitions.

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How Waters will keep pressure on CFPB

12/05/18

Democrats on the House Financial Services Committee are expected to shine a spotlight on Trump-appointed regulators, but that light might shine brightest on one agency in particular.

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