Bankruptcy Blogs

Strike this name off Trump's list for Fed vice chairman

01/08/18

Pimco's Richard Clarida is said to be out of the running for the nomination. Other names linked to the position have been former Fed Gov. Lawrence Lindsey and Mohamed El-Erian, chief economic adviser at Allianz SE, Pimco’s parent company.

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Credit card debt hits all-time high of $1.023 trillion: Fed

01/08/18

The milestone marks the end of a seven-year-long recovery in the credit card market that followed the Great Recession.

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Six critical questions as housing finance reform heats up

01/08/18

The Senate Banking Committee is expected to soon release a bipartisan bill that would significantly reshape the housing finance market, but key issues – and whether whatever legislation it produces can be squared with other players – remain unclear.

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Fed, FDIC release regional banks’ living will plans

01/08/18

Northern Trust, which along with 16 other organizations had the public portion of its resolution plan released, said it made changes to its living will as a result of criticism by regulators.

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U.S. Bank teams with nonprofit to help drive more loans to CDFIs

01/08/18

The Minneapolis bank is the first bank to join Community Reinvestment Fund's online service that matches small-business borrowers who don’t qualify for bank loans with community development financial institutions.

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Ex-OCC head returns to law firm Simpson Thacher

01/08/18

Keith Noreika, who made waves during his brief stint as acting Comptroller of the Currency, has rejoined Simpson Thacher Bartlett as a partner.

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Warren grills CFPB head over data collection freeze

01/08/18

Sen. Elizabeth Warren, D-Mass., is asking acting CFPB Director Mick Mulvaney to account for recent directives limiting agency staff members’ ability to access or acquire electronic data, saying the moves hamper critical agency operations.

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Shared office space becomes marketing hook for banks

01/08/18

A number of banks, especially those with extra real estate on their hands, are trying to capitalize on the co-working craze to appeal to fledgling companies that could become success stories — and their customers.

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IRS continues repair of income verification system after mortgage industry panic

01/08/18

The IRS has taken corrective actions to speed up its income verification system, avoiding a possibly crippling slowdown for the mortgage industry, but long-term issues remain.

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Aurelius Seeks a Do-Over; Puerto Rico and the Appointments Clause Litigation

01/08/18

The lives of Puerto Rico residents remain profoundly disrupted by the aftermath of Hurricane Maria measured by metrics such as electricity, clean water, health care access, with death tolls mounting. This week, though, in a federal court hearing on January 10, 2018, Puerto Rico has the extra burden of confronting Hurricane Aurelius.

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