Bankruptcy Blogs

GOP senator wants probe into vetting of CFPB deputy

01/05/18

Sen. Ron Johnson, R-Wis., has called for an investigation into how CFPB Deputy Director Leandra English was approved for a permanent civil service job at the agency.

[more]

Capital markets foe seeks an end run via blockchain

01/05/18

Overstock CEO and Wall Street gadfly Patrick Byrne wants to create a market free from trading practices he has long decried.

[more]

Will the New York Fed get a female leader?

01/05/18

Several women are viewed as possible successors for a retiring William Dudley. Pam Codispoti has plans to up the millennial appeal of Chase’s 5,200 branches. What’s hot in fintech for 2018? Plus, the year of #MeToo in review.

[more]

Perks repackaged: Banks use own employee benefits as marketing tool

01/05/18

SunTrust and First Republic are taking benefits they offer to their workers, such as financial wellness training and student debt repayment, and extending them to corporate clients as benefits they can offer to their own employees. In doing so, they are strengthening relationships with valuable commercial customers.

[more]

Banks, retailers, tech firms make rare joint call for federal data security rules

01/05/18

Twenty-two trade groups, including seven financial trade groups, sent a letter to House lawmakers calling for new data security standards that would preempt state law.

[more]

Alleged customer fraud hits WSFS earnings

01/05/18

The company will also record a charge tied to the impairmant of its deferred-tax asset.

[more]

‘Incompetence reigns in the Senate': Comments of the week

01/05/18

Readers react to President Trump considering a credit union regulator to head of the Consumer Financial Protection Bureau, debate a delay for top banking nominees, opine on the value of blockchain, and more.

[more]

Don’t let a credit union regulator run the CFPB

01/05/18

The Trump administration should not name J. Mark McWatters as head of the consumer agency, given his lack of experience overseeing commercial banks and his leadership of the National Credit Union Administration, a cheerleader for the industry it supervises.

[more]

CFTC to move on bitcoin; Citi fined in AML case

01/05/18

Agency plans to address issues and regulation of cybercurrencies; OCC says the bank failed to fix problems cited in a 2012 consent order.

[more]

The tech giants are coming for your customers. Be ready

01/05/18

Banks still have advantages in the battle against big tech firms like Amazon and Facebook, but they will need to capitalize on those to survive.

[more]