Bankruptcy Blogs

Fintech firm Plaid expands into Canada

05/22/18

The financial technology infrastructure firm has made its first move to provide services outside of the U.S.

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Rebranded Texas bank raises $90M in capital

05/22/18

MapleMark Bank, which was known as First National Bank of Edgewood when it was bought by an investment group last year, will use the funds to support commercial lending and private banking.

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Shakespeare Meets ALJs: Much Ado About Nothing

05/22/18

In a recent oral argument before the U.S. Supreme Court, conservatives urged the Court to outlaw the use of administrative law judges (ALJs) in agency enforcement actions.  The Consumer Financial Protection Bureau is paying notice. On January 31, 2018, the CFPB reprised the ALJ debate in its second Request for Information under Acting Director Mick Mulvaney.

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FDIC chief remains mum about potential future at agency

05/22/18

A new FDIC chair could be confirmed as early as this week, but the current head of the agency is reportedly Democrats' choice to serve as vice chairman.

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Mnuchin says Cohen bank report release appears unauthorized

05/22/18

Treasury Secretary Steven Mnuchin said that banking records of President Donald Trump's lawyer Michael Cohen appear to have been leaked from a database maintained by his department.

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How fintech gave this SBA lender an edge

05/22/18

Seacoast in Florida slashed the time it took to make 7(a) loans within months after establishing a partnership with an online lending startup.

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Wells Fargo hires an outsider to lead its innovation group

05/22/18

Lisa Frazier, an adviser to banks and startups, will succeed Steve Ellis, who is stepping down after more than three decades with the company.

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Banks alarmed by California privacy measure

05/22/18

A first-in-the-nation ballot initiative would give consumers more control over their personal information, but banks and other companies say that it would amount to a tax on doing business in the Golden State.

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Banks ride tax law to record $56B in profits

05/22/18

Banks were helped by better loan spreads thanks to higher net interest margins, but the recently enacted tax cut helped boost profits by 27% from a year earlier.

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Regulate bank behavior, not capital, to prevent next crisis

05/22/18

Policymakers should spend more time focused on limiting risky activity through measures like the Volcker Rule than on demanding ever-higher levels of bank capital.

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