Bankruptcy Blogs

CFPB's Mulvaney jabs at Warren while endorsing credit unions

02/27/18

Acting CFPB Director Mick Mulvaney dismissed concerns by Sen. Elizabeth Warren, D-Mass., about his leadership of the consumer agency while supporting a lighter regulatory touch for credit unions.

[more]

How this digital-only bank lowers risk of sign-up fraud

02/27/18

Aspiration Bank relies on software tools to pull data from diverse sources to prevent fraud in account applications.

[more]

PayPal settles Venmo disclosure complaints with the FTC

02/27/18

The Federal Trade Commission contends Venmo misled consumers on funds availability and security disclosures.

[more]

I’m a credit union CEO who agrees with Hatch: Tax big credit unions

02/27/18

Lawmakers should consider taxing large, banklike credit unions that have strayed from their original fields of membership, argues a credit union executive.

[more]

Tiny Kansas bank bets big on fintech

02/27/18

While the $632 million-asset nbkc bank was the smallest known participant in the recent round of funding for Greenlight, the investment wasn't its first foray into fintech.

[more]

Bank profits plummet 41% on tax reform law: FDIC report

02/27/18

The quarterly earnings decline from a year earlier was largely due to a one-time hit to the value of banks’ deferred tax assets, according to the agency’s Quarterly Banking Profile.

[more]

Overstock robo-adviser focuses on group others too often neglect

02/27/18

The retailer's foray into wealth management is a wake-up call for an industry that often overlooks female investors.

[more]

CVB adding scale in Southern California with deal for Pasadena bank

02/27/18

The company will also surpass $10 billion in assets when it buys Community Bank.

[more]

Reports of Libor’s demise have been greatly exaggerated

02/27/18

Timothy Bowler, president of the ICE Benchmark Administration, which has been responsible for calculating the index since mid-2013, argues that there is a strong case for keeping it going.

[more]

Seventh Circuit Victorious Again in Merit Mgmt

02/27/18

If you're challenging a Seventh Circuit ruling in a bankruptcy case on appeal to the Supreme Court, especially if (retired) Judge Posner was in the majority, you've got a challenge ahead. The Court's announcement this morning of its judgment in Merit Management Group v. FTI Consulting demonstrates this yet again.

[more]