Bankruptcy Blogs

AGs, not CFPB, should take greater role on enforcement: Mulvaney

02/28/18

“Why we think we know better or how to protect consumers in your state surprises me,” acting CFPB Director Mick Mulvaney told a group of state attorneys general. “I don’t think we’ll being do much of that anymore.”

[more]

Kushner loan details sought from Deutsche Bank, two others

02/28/18

New York's banking regulator has asked Deutsche Bank and a pair of local lenders to provide information about their relationships with Jared Kushner, his family and the Kushner Cos., according to people familiar with the matter.

[more]

How Ocwen plans to rebuild servicing scale with PHH deal

02/28/18

Ocwen Financial Corp.'s acquisition of PHH Corp. will help the nonbank servicer rebuild scale that's been diminished by years of regulatory restrictions and the decline in distressed mortgage volume brought about by improvements in the overall housing market.

[more]

JPMorgan joins B of A in quiet warning: Crypto could disrupt banks

02/28/18

JPMorgan Chase just weighed in again on virtual currencies — very discreetly.

[more]

Tax credit unions? Iowa bill could lead the way

02/28/18

Iowa lawmakers are considering a bill that would lower taxes for banks and impose a franchise tax on credit unions. The move could be a bellwether for other states looking at similar measures.

[more]

Can Samsung’s Galaxy S9 make facial recognition mainstream?

02/28/18

A better camera should mean more accurate facial recognition. Will it spur more banks to embrace the technology?

[more]

Eastern in Mass. elevates roles of general counsel, risk management exec

02/28/18

Kathleen Henry and Steven Antonakes have been named to the bank's management committee.

[more]

Treasury gets it right: Bankruptcy code, Dodd-Frank can work together

02/28/18

A recent report from the agency settles a long-running debate about whether bankruptcy should replace Dodd-Frank’s “orderly liquidation authority.” The financial system needs both.

[more]

Preempting the states: US Ed to shield debt collectors from consumer protection

02/28/18

As if the power to garnish wages without going to court, seize federal income tax refunds and charge 25% collection fees weren't enough, debt collectors have now persuaded the Education Department to free them from state consumer protection laws when they collect defaulted student loans.

[more]

Fed chief vows regulation rollback; CFPB to consider compliance costs

02/28/18

Powell says he backs raising the SIFI threshold and easing capital requirements for big banks; Mulvaney says agency will weigh costs of compliance for lenders.

[more]