Bankruptcy Blogs

FSOC will grant banks hearing process for shedding 'systemic' label

03/13/18

The interagency will establish a venue for bank holding companies that restructure to argue in favor of their being de-designated as "systemically important," similar to the process afforded for other firms.

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Will HMDA data carve-out for small banks make discrimination easier?

03/13/18

Community banks and consumer advocates are clashing over a provision in the Senate banking bill on mortgage data reporting, but there’s been little vetting of what the measure would actually do.

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Bankers aren't waiting for Amazon ‘to come eat our lunch’

03/13/18

The online giant has succeeded in disrupting every area of retail, but in banking it faces a high barrier to entry and fierce determination from banks like Citizens Financial and Bank of the West to keep upping their games.

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Senate reg relief bill opens new front in credit-scoring battle

03/13/18

A late addition to regulatory relief legislation would direct the Federal Housing Finance Agency to review credit-scoring alternatives, but some say the provision is redundant.

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Trade group merger underscores big banks' lobbying shift

03/13/18

The merger of the Financial Services Roundtable and The Clearing House Association is likely to bring a more analytical approach to the combined group’s dealings with lawmakers, emphasizing detailed research over simplified talking points.

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Hackers, nonbanks are small banks' biggest threats: New ICBA chair

03/13/18

Timothy Zimmerman is optimistic about regulatory relief and the capabilities of the association's next CEO, but he remains wary of nonbank competition and cybersecurity risk.

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Don’t count Barney Frank among critics of reg relief bill

03/13/18

Former Rep. Barney Frank rejected concerns voiced by other Democrats that a Senate bill rolling back some provisions of the Dodd-Frank Act will fuel another financial crisis.

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OnDeck Capital to replace its longtime finance chief

03/13/18

The online lender is hiring Kenneth Brause, a CIT Group executive, to succeed CFO Howard Katzenberg.

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Senate races toward final vote on reg relief bill

03/13/18

Lawmakers on Tuesday continued debating a thicket of proposed additions to a crucial regulatory relief bill on their way to a final vote likely to occur as early as midweek.

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Amex investment spotlights e-commerce's money laundering problem

03/13/18

American Express Ventures has become an investor in the startup EverCompliant, which helps financial institutions root out e-commerce websites backed by terrorists and drug cartels that are laundering money through payments-processing networks.

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