Bankruptcy Blogs

Fair-lending doctrines could take beating from conservative court

07/23/18

The banking industry lost a key battle in the Supreme Court over the use of “disparate impact,” but legal observers see potential for the tide to turn if Judge Brett Kavanaugh is confirmed.

[more]

Regions taps insider to lead new office of community affairs

07/23/18

Leroy Abrahams had previously served as president of the bank's North Central Alabama region.

[more]

FHFA to write credit score rule rather than pick alternative score for GSEs

07/23/18

The Federal Housing Finance Agency is suspending its ongoing review of new credit scoring models and will instead move forward with creating a regulatory framework for providers of alternative credit scores to apply and be evaluated for use by Fannie Mae and Freddie Mac.

[more]

Early payoffs suppress banks’ CRE loan books

07/23/18

The combination of rising interest rates and increased competition from nonbank lenders is prompting many commercial real estate investors to seek better deals elsewhere.

[more]

State regulators push bill to coordinate exams of third-party service providers

07/23/18

The Conference of State Bank Supervisors says state and federal regulatory coordination on third-party technology service provider exams eliminates duplication

[more]

BofA Merrill Lynch app targets commercial prepaid cards

07/23/18

Bank of America Merrill Lynch has launched a mobile application to support commercial prepaid card programs and their cardholders.

[more]

Santander adopts nCino for business clients

07/23/18

The Boston bank said the digital lending platform has cut down the time it takes to deliver loan decisions by roughly 40%.

[more]

To find a buyer, this bank had to give up pot

07/23/18

First Green Bank in Florida had to stop holding deposits for licensed marijuana sellers as a condition of making a deal.

[more]

People's United buys national equipment finance firm

07/23/18

Vend Lease, which is based in Baltimore, focuses on suppliers and vendors in the hospitality industry.

[more]

Bank of Hawaii's profits climb 22% on surge in consumer lending

07/23/18

Loan growth, fueled by increased tourism spending, more than offset a sharp drop in fee income at the Honolulu company.

[more]