Bankruptcy Blogs

JPMorgan Chase inks fourth data aggregator deal

10/22/18

Plaid will be able to access the bank’s customer information through a secure API. JPMorgan has similar agreements with three other fintechs.

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New ABA chair: Tailor regs to business models, modernize CRA

10/22/18

Jeff Szyperski wants regulators to update the definitions of assessment areas under the Community Reinvestment Act, and remove 'arbitrary' asset thresholds from bank regulation in general.

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Higher yields, equipment finance fees boost TCF's 3Q earnings

10/22/18

The $22.9 billion-asset TCF also highlighted improvements in credit quality in the third quarter as it continued to exit the auto finance business.

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For-profit college chain files (for receivership)

10/22/18

Education Corporation of America filed a legal action in federal district court last week claiming financial distress, seeing to enjoin its creditors and restructure its debt. Sounds like Chapter 11, right? But no.

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MoneyLion launches financial tracking tool, checking account

10/22/18

The challenger bank is “rebundling” banking, offering more pieces of traditional financial services for a flat monthly fee.

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Umpqua sells unit behind creation of its app for choosing personal bankers

10/22/18

The bank will still use GoTo, an app consumers can use to communicate with a personal banker, but no longer own the Pivotus subsidiary that created it.

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CFPB's real power player; FICO's push to help loan approval

10/22/18

Brian Johnson, the agency’s second-in-command, wields much power; Fair Isaac is planning changes to credit scoring to boost approvals.

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PNC to debut entirely digital small-business loans

10/22/18

The $380-billion asset company will soon join the parade of big banks and tech companies that are migrating online to meet the demands of business owners.

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The biggest challenge to fixing housing blight

10/21/18

There are ways to fix vacant housing. So why can't we manage to do it?

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PFM, AI and more: Startups compete for Barclays funding

10/21/18

At Barclays' fintech accelerator, this year's class has fresh takes on personal financial management, recruiting and trade finance.

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