Bankruptcy Blogs

Despite loss, legal battle against CFPB's Mulvaney isn't over yet

01/11/18

After a significant setback this week in the legal bid to unseat Mick Mulvaney as acting director of the Consumer Financial Protection Bureau, consumer groups are pinning their hopes on a second case they hope will provide a different result.

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Merrill Lynch partners with fintech on texting service

01/11/18

Banks have strictly controlled adviser-client text communications due to regulatory concerns.

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Seacoast to sell Visa stock to cushion tax hit

01/11/18

The company expects to report a $15 million gain in the fourth quarter from the stock sales, which will more than offset any deferred-tax impairment tied to recently passed tax reform.

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Heritage Commerce eyes San Francisco with latest acquisition

01/11/18

The company has agreed to pay more than $50 million for United American Bank.

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Ripple says MoneyGram to test its digital coin for payments

01/11/18

Ripple, the startup looking to help the financial industry speed up payments with blockchain technology, said MoneyGram International Inc. is testing the use of its XRP digital currency to move funds.

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Can a Nobel Prize winner help banks navigate the bitcoin craze?

01/11/18

The work of the famed psychologist Daniel Kahneman provides insights into how bankers can make better business decisions around cryptocurrency and other investments.

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CFPB deputy foiled again; Big changes to CRA

01/11/18

Judge again throws out Leandra English’s attempt to take over agency; planned revamp may ease banks’ lending requirements to the poor.

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LendingPoint poised to expand after buying point-of-sale lender

01/11/18

The Kennesaw, Ga.-based company, which targets borrowers with blemished credit records, has acquired LoanHero, which specializes in loans at the cash register.

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JPMorgan Chase to offer car loans online through partnership with AutoFi

01/11/18

The agreement marks the latest example of the banking giant teaming with a fintech to speed up delivery of services to its customers.

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Sorry for the inconvenience: Bank tech snafus in 2017

01/11/18

Capital One became the latest bank to feel customers' online wrath last week after reports that some customers were being charged twice for debit card activity. But they were hardly alone.

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