Bankruptcy Blogs

Senate Dems criticize Carson over HUD enforcement practices

03/22/18

Senate Democrats accused Housing and Urban Development Secretary Ben Carson and his agency of failing to enforce fair housing laws.

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Are bankers underestimating Amazon?

03/22/18

More than a decade ago, bankers fought Walmart tooth and nail as it made forays into banking. But with Amazon making more moves into financial services, the reaction is very different.

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Arizona creates nation's first testing ground for fintech

03/22/18

The new law, which is modeled on a similar effort in the United Kingdom, aims to lure financial firms to the desert. It has drawn support from business organizations but opposition from consumer groups — a dynamic that is likely to be replayed in other states.

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Banks win break on capital requirement

03/22/18

Banks that spent years lobbying against billions of dollars of new capital requirements are being rewarded for their efforts.

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Will rivals follow Citi in clamping down on gun sellers?

03/22/18

CEO Michael Corbat all but called out his counterparts at other banks to join Citigroup in setting limits on what kinds of firearms businesses it is willing to serve. The response was muted, but the pressure to act is tremendous.

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Community bank launches digital account targeting the unbanked

03/22/18

AxiomGo is being offered to customers seeking alternatives to prepaid cards and traditional checking accounts.

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CFPB to review rulemaking authority inherited from other agencies

03/22/18

The information collection effort is consistent with acting CFPB Director Mick Mulvaney's efforts to set the agency on a more pro-industry, anti-enforcement course.

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Equipment finance surge shows no signs of letup

03/22/18

As tax reform spurs demand, a rising rate environment is making the short-term loans more appealing to banks.

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Behavior-tracking security tech gaining traction at banks

03/22/18

Behavioral biometrics are attractive because they are easy to implement, hard for criminals to spoof and not subject to the same privacy protections applied to thumbprints or retina scans.

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Citi looks to pressure business customers on gun sales

03/22/18

Citigroup plans to prohibit retailers that are customers of the bank from offering bump stocks or selling guns to people who haven't passed a background check or are younger than 21.

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