Bankruptcy Blogs

FHA moves closer to allaying lenders' False Claims Act fears

01/22/18

The agency is winning praise for changes in how loans are evaluated for defects, which could cut down on the risk of enforcement actions.

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Tax reform, higher interest rates boost Wintrust's profit

01/22/18

The Illinois company reported strong loan growth, an wider net interest margin and a one-time net tax benefit of nearly $8 million tied to recently passed tax reform.

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Tax-related write-down dents profits at Fulton Financial

01/22/18

The new tax law led to a nearly $16 million charge at the Pennsylvania bank, but it reported 7% loan growth and an 8% increase in fee income.

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Why B of A is discontinuing free checking for online-only users

01/22/18

As customers become more tech-savvy, the bank said it no longer needs to prod them to use its digital products by offering discounts. Account holders can avoid fees by enrolling in direct deposit.

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Relief awarded in CashCall case is fraction of what CFPB sought

01/22/18

In a blow to the Consumer Financial Protection Bureau, a federal judge rejected the agency's request for over $280 million in penalties against the California lender CashCall, ruling that the lender's violations did not justify such a large fine.

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Zions meets efficiency goal even though 4Q profit fell

01/22/18

The Salt Lake City company reported an efficiency ratio of 61.6% despite charges and costs tied to recently passed tax reform.

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Banks' prep work for shutdown may come in handy again soon

01/22/18

There were no sighs of relief from bankers, who realize their planning could still prove useful as the potential for another shutdown looms.

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Is Washington’s dysfunction a systemic risk?

01/22/18

Financial firms have mostly shrugged off the government's budget woes, but Washington's gridlock might pose a bigger risk than they think.

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Fintech lender Fundbox shows how open banking can be done

01/22/18

The online lender is integrating itself with several popular software programs to provide lending as a service. It’s an open-banking road map for skeptical banks.

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Nominees for FDIC, Fed board to appear on Capitol Hill

01/22/18

Three nominees for financial regulatory posts, including the administration's choice to run the FDIC, will face questions by the Senate Banking Committee.

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