The N.J. firm, which made loans to Sept. 11 first responders and pro football players diagnosed with brain injuries, was accused of usury. But a judge threw out the case, ruling that the New York attorney general lacks jurisdiction.
What does it take to combat vacancy in neighborhoods where it's taken hold? A look into one neighborhood in Baltimore that has bucked the trend, and the approach that city planners use to reinvest in blighted communities.
The bank raised its forecasts for profitability and expense reductions, facing down skeptics who have doubted the firm can achieve its financial targets.
Dodd-Frank authorized the council to designate specific nonbanks for tougher supervision, but the Trump administration has signaled support for "activities-based" designations.
Since my last Credit Slips post about The Weinstein Co. chapter 11, there have been five public hearings/status conferences (some of which were telephonic). Disparate observations from those hearings below.
The surge in populist politics that helped fuel President Donald Trump's victory and the rise of progressives on the left wasn't triggered by U.S. policy makers response to the 2008 financial crisis, said former Federal Reserve Chairman Ben Bernanke.
The interagency council voted in favor of the bank's application to remove its designation, though the practical effect of the decision is muted by the regulatory relief law passed this spring.
Some are relying on a national, digital strategy. Others say the right balance of costs and growth comes from more traditional means such as targeted branch openings and out-of-market expansion.
