Bankruptcy Blogs

Personal loans surge to a record high

07/03/18

LendingClub, Prosper, SoFi and other fintechs are driving the expansion, according to new data from TransUnion.

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Crypto money laundering rose 3X in first half 2018: report

07/03/18

Theft and money laundering are both thriving in the crypto world, according to a report released Tuesday by CipherTrace.

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PwC held accountable for bank failure; Fed gets friendly

07/03/18

A judge rules the accounting firm should have detected the fraud that brought down Colonial Bank; Fed deal with Goldman and Morgan Stanley shows softer side.

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Breaking Banks: Two fintechs hope to solve student debt problems

07/03/18

FutureFuel.io CEO Laurel Taylor and Edmit.me CEO Nick Ducoff discuss approaches to helping students repay their loans and make good debt decisions.

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BMO Harris' digital push, California's sandbox skeptic and a giant slayer

07/02/18

A Chicago bank isn't afraid of taking on competitors that spend billions on technology. A state regulator is afraid of giving fintech startups too much latitude. Yet another one of our Most Powerful Women retires. Plus, blockchain's leading ladies, the fallout from a big political upset and a tool to help you stop apologizing.

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Payday-loan mogul indicted for masterminding phantom debt scheme

07/02/18

Joel Tucker is the brother of Scott Tucker, who in January was sentenced to 16 years in prison for perpetrating an unrelated payday-loan scheme.

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Fed, FDIC extend living will deadline for 14 banks

07/02/18

The filing delay came as the new regulatory relief law passed in May has reduced the number of banks required to submit resolution plans.

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Banks seek new blood to fill evolving CRO role

07/02/18

Turnover of chief risk officers is on the rise as CEOs look to add executives whose experience goes far beyond assessing credit risk. Sometimes they are promoting from within, but often they are poaching talent from rival banks.

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Cyber threats to be a focus of new Texas Bankers CEO

07/02/18

Chris Furlow, who was a founding staff member at the Department of Homeland Security, is now the president and CEO of the Texas Bankers Association.

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Pressure mounts on FDIC, Fed to follow OCC’s small-dollar lead

07/02/18

The Office of the Comptroller of the Currency’s bulletin is seen as just one piece of the regulatory puzzle to coax banks into installment lending.

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