Bankruptcy Blogs

Online lender Upstart is said to seek $100 million from investors

03/27/18

Even as many venture capitalists retreat from the online lending industry, Upstart Network is hoping to find investors still willing to bet on the business.

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Farmers & Merchants in Calif. to buy like-minded ag lender

03/27/18

The company has agreed to acquire Bank of Rio Vista to expand its operations in central California.

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Latest weapon in battle for deposits: A digital-only bank

03/27/18

The field is crowded, but that’s not stopping well-established banks from trying to reach new markets by creating separately branded digital units.

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Digital mortgages slowly making their way into servicing

03/27/18

Servicers are still trying to figure out how they can best take advantage of the growing use of electronic notes and other digital mortgage tools by lenders and the secondary market.

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Do You Want to Give Money You Don’t Owe to a Credit Card Company?

03/27/18

This is not a trick question.

I received this letter today from American Express regarding the balance owed by one of my Chapter 13 bankruptcy clients whose case was dismissed.  The letter acknowledges that because of the age of the debt, Amex cannot sue my former client, nor can they report the unpaid balance to the credit bureaus.  Yet they are giving him the opportunity to “settle” this debt for 45% of the balance.

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Who should go at Deutsche Bank: The chairman or CEO?

03/27/18

Deutsche Bank Chairman Paul Achleitner is said to have held talks with possible replacements for CEO John Cryan. The bank's turnaround efforts have been disappointing in many eyes, but there is open debate on whether it's Cryan or Achleitner who deserves most of the blame.

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Can blockchain ease banks’ digital-identity concerns?

03/27/18

A startup called Spring Labs has launched a blockchain network with the goal of getting lenders and data providers to share data to help verify customers' identity.

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Millennials want it, banks have it: Money management advice

03/27/18

Offering simple financial guidance is a great way for community banks to connect with younger consumers.

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Back-office upgrades key to customer-focused banking, survey finds

03/27/18

Operations executives said in a recent survey that they have to modernize their back offices before they can meet their No. 1 goal: improving the customer experience.

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‘There really is a consequence of bad behavior’: N.Y. Fed’s Dudley

03/27/18

William Dudley, who will retire soon as New York Fed president, on banks' corporate culture, economic risks and what advice he would give his successor.

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