Bankruptcy Blogs

First Internet to raise $50M to support growth

06/07/18

First Internet Bancorp in Fishers, Ind., which went public in 2013, could also use the capital for acquisitions and other investments.

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How new IBM partnership could speed AI

06/07/18

A popular AI open-source platform with bank investors is being combined with IBM hardware and Nvidia processors in the hopes of creating high-speed, “driverless” AI.

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CFPB fires advisory board members; Goldman goes to ‘war’

06/07/18

Agency says it wants “smaller memberships to ensure streamlined discussions;” the bank hired a U.K. firm to help it better defend against cyberattacks.

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The Government-by-Grift Mentality

06/07/18

Mick Mulvaney's entirely classless and petty firing of the CFPB's Consumer Advisory Board (CAB) has been amply covered elsewhere. Having served on the CAB from 2012-2015, however, I've got to comment on the statement by Mulvaney's henchman that “The outspoken members of the Consumer Advisory Board seem more concerned about protecting their taxpayer funded junkets to Washington, D.C., and being wined and dined by the Bureau than protecting consumers.”

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Banks grapple with the human side of technological advancement

06/06/18

At American Banker’s Digital Banking conference in Austin, industry leaders grappled with philosophical questions about artificial intelligence and the rapidly evolving expectations of customers.

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Public deserves to know results of OCC sales practices inquiry

06/06/18

The agency has no plans to release general findings from an extensive review of sales practices at large and midsized banks. That's troublesome, and will only fuel the perception that it is too cozy with the institutions it regulates.

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Senate passes bill to boost SBA lending

06/06/18

The bill is one of two SBA-related measures the Senate approved late Tuesday and sent to President Trump to sign into law.

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Citizens recruits a career coach from IBM’s AI lab

06/06/18

Ctizens Financial Group is partnering with IBM to develop a virtual career coach that will use artificial intelligence to help employees set career goals and determine what kind of training they need to develop new skills.

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CFPB reform roadblock: Too many commenting deadlines

06/06/18

With comment periods quickly closing, responding to the agency’s abundant requests for information is proving a logistical hassle for the industry and consumer advocates.

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Mulvaney makes it official, fires CFPB advisory board members

06/06/18

The Consumer Financial Protection Bureau fired all 25 members of the agency's Consumer Advisory Board during a conference call Wednesday, saying it wanted to bring in more diverse views.

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