Bankruptcy Blogs

F.N.B. selling consumer finance unit, closing 20 branches

06/07/18

The Pittsburgh company said that the moves would improve both operating efficiency in its retail network and the credit profile of its consumer loan portfolio.

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Fed sets dates for public release of 2018 stress tests

06/07/18

The agency will release the results of the Dodd-Frank Act Stress Test on June 21 and the Comprehensive Capital Analysis and Review on June 28.

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Mulvaney’s rationale for firing advisory boards doesn’t hold water

06/07/18

It's tough to explain the bizarre way the CFPB handled the decision to dismiss the members of three advisory councils earlier this week.

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Your bank's been hacked. How soon should investors be told?

06/07/18

That’s the question executives of publicly traded banks are asking themselves as they try to make sense of new — and somewhat vague — guidance from the SEC on procedures for disclosing data breaches.

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Warren floats pot banking bill to help states circumvent federal ban

06/07/18

The bipartisan legislation would enable business in legal-marijuana states to access banking services, removing a key hurdle for a fast-growing industry.

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Banks reduce municipal-bond holdings for first time since 2009

06/07/18

U.S. banks reduced their holdings of state and local government bonds for the first time since 2009 after the federal government slashed corporate tax rates, according to figures released by the Federal Reserve Thursday.

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Legal filing confirms CFPB's dismissal of PHH case

06/07/18

Acting CFPB Director Mick Mulvaney wrote in a two-paragraph filing that the Mount Laurel, N.J., company did not violate the Real Estate Settlement Procedures Act.

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Shareholders once again reject New York Community executive pay plan

06/07/18

President and CEO Joseph Ficalora took a 33% pay cut in 2017, but shareholders still rejected the plan by a wide margin.

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Which financial apps perform best? J.D. Power gives its grades

06/07/18

The firm graded bank and credit card apps on customer satisfaction, appearance, navigability, and availability and clarity of information.

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