Bankruptcy Blogs

As CECL anxiety mounts, FASB is in no rush to consider alternative

11/21/18

Bank groups are pushing a variety of proposals to delay the loan-loss rule or soften its impact. The accounting standards board has agreed to review at least one of them — but at a pace that might not be fast enough for lenders.

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FDIC's McWilliams to hire outside counsel over 'Choke Point' concerns

11/21/18

Jelena McWilliams is responding to concerns from Republican members of Congress that FDIC staffers are discouraging banks from doing business with certain industries.

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Flagstar teams up with Detroit fintech incubator

11/21/18

The Michigan company has committed $50,000 to the partnership over the next two years amid a big push to modernize its product and service offerings.

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Boulder Summer Conference on Consumer Financial Decision Making

11/21/18

One of my favorite conferences is the Conference on Consumer Financial Decision Making held every summer in Boulder, Colorado, and I am not the only one who feels that way. Next year's conference will occur from May 19-21, 2019.

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Ohio bank raises $30 million to accelerate growth

11/21/18

Heartland BancCorp received the funds through a private placement to invest in several possible expansion options.

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Amazon data glitch could hinder plans for point of sale

11/21/18

There's never a good time to expose customer data, but the incident Amazon disclosed Wednesday could upend two major events: Black Friday/Cyber Monday and a reported effort to get merchants to accept Amazon at the point of sale.

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'Banks controlled by politicians. What could go wrong?': Comments of the week

11/21/18

Readers react to trends in public banking, weigh potential changes for brokered deposits, consider oversight of foreign banks and more.

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Mia Love, a House banking panel member, loses seat

11/21/18

Love, a member of the House Financial Services Committee, was the only Republican member of the Congressional Black Caucus.

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Fintech MyBucks brings banking to African refugee camp

11/21/18

MyBucks and its subsidiary, New Finance Bank, have opened 4,200 digital banking accounts and provided 72 loans at a Malawi branch said to be the first of its kind in a refugee camp.

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Chase to bring offers to Chase Pay app

11/21/18

Chase is planning to enable users of the Chase Pay app to receive and redeem custom offers from merchants, in addition to the ability to find offers from more than 150 merchants through the Chase Mobile app.

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