Bankruptcy Blogs

Appeals court affirms CFPB's constitutionality, leadership structure

01/31/18

The decision by the appeals court means that a president can only fire the head of the Consumer Financial Protection Bureau for cause. But the ruling also scrapped the CFPB's massive fine against a nonbank mortgage lender.

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SmartBiz launches AI-based 'adviser' for SBA loans

01/31/18

The tool runs the numbers and tells small-business people if they would qualify for an SBA loan, and if not, what they need to do to become eligible.

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Banks' sluggish support of mobile payments

01/31/18

Despite millions spent on promotions and marketing for Apple Pay and other proprietary options from banks, mobile payments volume is still weak.

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Regtech could help stop human trafficking

01/31/18

Modernized bank technology and improved data sharing would sharpen anti-money-laundering efforts, making crime like human trafficking more risky and less profitable.

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Can voice banking help banks stay profitable?

01/31/18

Consumers are embracing voice assistants. What does this mean for banks’ business models?

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Moven to receive $23M from SoftBank, plans to buy bank

01/31/18

As it secures new funding and creates a joint venture in Japan, Moven says it is close to becoming a full-fledged U.S. “challenger” by purchasing a traditional bank.

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Corporate giants try health care; Wells names top risk officer

01/31/18

JPM, Amazon, Berkshire Hathaway are creating their own company; Sarah Dahlgren was formerly head of supervision at the New York Fed.

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Preference Actions filed in Hancock Fabrics

01/31/18
On January 31, 2018, Hancock Fabrics Inc., the post-effective date debtor, filed approximately 68 complaints seeking the avoidance and recovery of allegedly preferential and/or fraudulent transfers under Sections 547, 548 and 550 of the Bankruptcy Code.
The Debtors filed voluntary petitions for bankruptcy in the U.S.
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Salesforce boosts nCino global expansion plans

01/31/18

The cloud-based vendor was formerly a division of Live Oak Bank.

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Banks' D.C. priorities take back seat to other issues in Trump speech

01/31/18

The busy legislative agenda laid out by President Trump in the State of the Union speech Tuesday night casts doubt on how quickly Congress can move on financial services legislation, particularly a housing finance reform package.

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