Bankruptcy Blogs

Mulvaney’s idea for curbing CFPB’s clout: Hand it to other agencies

03/07/18

The Dodd-Frank Act consolidated massive authority under the Consumer Financial Protection Bureau, but acting Director Mick Mulvaney wants the bureau to take a back seat to states and other federal regulators.

[more]

Fearless Girl's first year helped reshape corporate boardrooms

03/07/18

In the year since State Street's Fearless Girl statue started her showdown with Wall Street's Charging Bull, the $2.6 trillion asset manager has faced a confrontation of its own in corporate boardrooms: pressing firms to add more women to their boards.

[more]

Banks battle retailers over proposal to disclose consumer hacks

03/07/18

Banks and retailers are sparring over whether financial firms should follow a new national standard to quickly notify consumers when they've experienced a data breach.

[more]

Wells Fargo ranks No. 1 in arranging financing for gun industry

03/07/18

Wells has helped gun and ammunition companies access $431 million in loans and bonds since the 2012 Sandy Hook shooting. Other financial firms that are active as bookrunners for gunmakers include Morgan Stanley, TD Securities, Bank of America and JPMorgan Chase.

[more]

Regulators need to step up their game to stop tech-based discrimination

03/07/18

Financial agencies must prepare themselves to evaluate the practical effects of automated decision-making in lending and other programs to better detect fair-lending violations.

[more]

Q4 non-farm productivity flat, as labor costs grow

03/07/18

Fourth quarter nonfarm productivity was revised up slightly to a flat reading, but more importantly unit labor costs growth was revised solidly higher to a 2.5% pace.

[more]

Jan. trade deficit widens more than expected as exports fall

03/07/18

The U.S. international trade gap widened to $56.6 billion in January.

[more]

ADP February jobs estimate above expectations, with gains in most sectors

03/07/18

Private-sector employment increased by 235,000 in February, on a seasonally adjusted basis, ADP estimated Wednesday.

[more]

Cohn resigns; Dodd-Frank rollback bill moves forward

03/07/18

Economic adviser leaves after President Trump announces steel tariffs; Senate votes to begin debating Dodd-Frank changes, which are expected to pass later this week.

[more]

HCR ManorCare Files Prepackaged Chapter 11 Petition

03/07/18

On her The Bottom Line 11 blog, Fox partner Mette Kurth discussed the recent bankruptcy filing of health care provider HCR ManorCare:

[more]