Bankruptcy Blogs

As #MeToo engulfs Capitol Hill, FHFA's Watt feels the heat

09/27/18

In a surreal echo of the Kavanaugh-Ford hearing, Federal Housing Finance Agency Director Mel Watt and an employee he is accused of harassing, Simone Grimes, testified before a House panel about the allegations.

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Could lenders have done anything differently in Puerto Rico?

09/27/18

Few small businesses in Puerto Rico applied for credit to finance recovery from hurricane damage. The reasons are instructive for financial institutions’ response to disaster recovery, the New York Fed says.

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Banks' long road to retail-ready voice assistants

09/27/18

An all-virtual future remains far off, as conversational programs still aren’t capturing the nuance of speech and chatbots have disappointed many customers.

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Terminated bank deal in Texas takes nasty turn

09/27/18

Hanmi Financial wants SWNB in Houston to pay a termination fee, citing "material breaches" of covenants tied to their now-defunct merger agreement.

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Why this fintech pulled its FDIC charter application

09/27/18

Colin Walsh, Varo Money's CEO, learned a lot from his first stab at deposit insurance. Lesson one: Work with one regulator at a time.

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JPMorgan's Dimon sees another decade before wave of female CEOs

09/27/18

JPMorgan Chase's chief says it will likely take time for women to make up 10% to 15% of CEOs at S&P 500 companies.

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Father and Daughter Convicted in Bankruptcy Fraud Scheme to Conceal Assets

09/27/18

A jury in the Northern District of California returned guilty verdicts against a father and daughter on several bankruptcy fraud related counts.

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Central Pacific in Hawaii taps director as next CEO

09/27/18

Paul Yonamine will succeed Catherine Ngo as the company's leader next month. Ngo will continue to run Central Pacific's bank.

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OCC should improve CRA, not gut it

09/27/18

The agency has suggested several steps in its notice on reforming the law that could actually harm, not help, underserved communities.

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How AI helped double volume at this auto lender

09/27/18

The subprime auto lender Prestige Financial Services used machine learning to make more effective lending decisions than its former model.

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