Bankruptcy Blogs

Santander Consumer's 3Q results show company at a crossroad

10/31/18

The Dallas subprime auto lender seems to be reaching the bottom of its lingering supply of accounting issues, yet its origination of more loans through Fiat Chrysler underlined questions about the future of its relationship with the big carmaker.

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PenFed denies AML allegations; BofA's digital chief is leaving

10/31/18

The credit union says employee charges that its AML program is deficient are false; Michelle Moore, who helped launched the Erica digital assistant, wants more time with family.

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NCBJ San Antonio: Highlights of Day 2

10/31/18
On Day 2 of NCBJ San Antonio, I went for a run, laughed at a musical about ethics, listened to a debate over equitable mootness, went to a fraudulent conveyance program and listened to an economist predict the next recession.

An Early Morning Run and an Opportunity to Give Back

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CFPB's payday rollback plans don't go far enough for some lenders

10/31/18

Payday lenders scored a victory when the bureau committed to proposing changes next year, but they expressed disappointment that the revamp will not address a key payment-processing provision.

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What challenger banks get about small businesses that banks don’t

10/31/18

Azlo, Bento, Bank Novo and other neobanks argue they are better at helping small businesses, giving them extra attention, technology and advice.

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What’s on the agenda for BofA’s new digital banking chief?

10/30/18

The high-profile Michelle Moore will step down at year-end, to be replaced by David Tyrie. More synergy between digital operations and consumer products, while maintaining financial discipline, seems to be an important priority.

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Regulators propose new formula for estimating derivative exposures

10/30/18

The new approach would replace the "current exposure methodology" that banks typically use to calculate what they owe or are owed in swaps, futures or options contracts.

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Plastic cards will be gone in five years: Synchrony CEO

10/30/18

Margaret Keane discussed Synchrony's investments in technology, including how the card issuer plans to use customer data to help retailers create targeted ads, during an appearance Tuesday in New York,

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Why banks are taking a closer look at down-payment assistance

10/30/18

A deal between TD Bank and a Vermont nonprofit is just one example of how banks are getting creative in addressing affordable housing needs while reaping financial and regulatory benefits.

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Loan growth, interest rates lift BBVA profit

10/30/18

BBVA Compass in Birmingham, Ala., benefited from healthy growth in consumer, credit card and C&I lending in the third quarter.

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