Bankruptcy Blogs

Is Wells Fargo looking for Tim Sloan’s replacement?

09/19/18

The New York Post reported Wednesday that Wells Fargo board members met with Trump White House alum Gary Cohn about becoming the bank's next CEO, but were rebuffed. Here's what to conclude from the article.

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Data breach bill is really a fight about federal preemption

09/19/18

State regulators and advocacy groups say a federal breach notification standard could supersede state laws that already benefit consumers.

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Danske Bank may face $630M laundering fine, Danish government says

09/19/18

The comments came on the same day that Denmark’s largest bank announced the resignation of CEO Thomas Borgen and said that as much as $234 billion flowed through its tiny Estonian unit between 2007 and 2015.

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PNC to use Ripple blockchain tech for international payments

09/19/18

The Pittsburgh bank joins Bank of America and other large financial players in a distributed-ledger network that seeks to make global payments in real time.

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Small banks seethe at GAO’s downplaying of reg burden

09/19/18

Community bankers reject the conclusions of a Government Accountability Office report that say regulatory burdens only had a “modest effect” on the declining number of banks since 2010.

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CFPB chief's meeting with GOP donors may be illegal, Warren says

09/19/18

The Massachusetts senator said a private event where Mick Mulvaney briefed donors about the party’s midterm prospects may violate the Hatch Act.

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JPMorgan forms commercial banking group to focus on startups

09/19/18

The New York company said Wednesday that the new group will provide loans and other services to early-stage, consumer-focused companies.

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ABA ads praise six lawmakers, tell voters to stay engaged on issues

09/19/18

Unlike previous spots produced by the group that just backed candidates, the latest ones reflect a somewhat different approach.

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Students leaving money on table in not using government loans: Report

09/19/18

The report from an advocacy group that focuses on college affordability says that schools need to do a better job of educating students about their eligibility for federal loans, which typically carry lower interest rates than loans from banks and other private-sector lenders.

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Gov. Brown should veto California’s small-business lending bill

09/19/18

The legislation, which creates new disclosure standards for financing costs, could hamstring commercial lenders that offer revolving credit facilities.

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