Bankruptcy Blogs

Walmart picks Capital One; CFPB to emphasize collaboration

07/27/18

The retailer is ending its nearly two-decade credit card relationship with Synchrony Financial; Mulvaney says the bureau will first negotiate, not sue, to settle disputes.

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'Can Mulvaney define the word usury?': Comments of the week

07/27/18

Readers respond to Mulvaney's changes to the CFPB's consumer board, weigh a proposal regarding fair lending, react to adoption of pot banking regtech and more.

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Booming tech sector spurs spike in SVB profit

07/26/18

The California company also benefited from higher interest rates and double-digit loan growth.

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Small Fla. bank to sell to IBM Southeast Employees’ Credit Union

07/26/18

The credit union, which plans to keep all of Oculina Bank's employees, will also provide more products and services.

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Zelle transaction volume rose 17% in Q2, Early Warning says

07/26/18

The person-to-person network also saw $28 billion in payments in the quarter and it added more bank members.

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The curious case of the Vatican and credit default swaps

07/26/18

The Vatican's recent criticism of credit default swaps is reigniting a debate about the use of such financial products.

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Discover's 2Q profit surges despite rise in charge-offs

07/26/18

A smaller tax bill and a double-digit growth in card loans offset weakening credit quality at the Riverwoods, Ill., company.

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Synchrony says it lost Walmart card in battle with Capital One

07/26/18

Synchrony Financial said its credit-card deal with Walmart won't be renewed and will expire next year. The largest issuer of store cards said Thursday that it's evaluating whether to sell the $10 billion in balances or retain the portfolio and convert qualifying customers to general purpose credit cards.

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Former Yadkin bankers plan de novo in N.C. capital

07/26/18

Organizers of Dogwood State Bank want to open Raleigh's first new bank since the financial crisis.

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Wells Fargo explores sale of real estate unit Eastdil

07/26/18

Wells Fargo is considering a sale of commercial real estate broker Eastdil Secured, according to a person briefed on the matter.

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