Bankruptcy Blogs

Drop in mortgage delinquencies shows no sign of bottoming out soon

12/13/17

The long-running slide in mortgage payments 60 or more days past due will continue next year, and perhaps even longer as borrowers benefit from favorable economic conditions.

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Vanguard leapfrogs cautious banks, unveils blockchain network plan

12/12/17

Rather than forming a consortium of peers to investigate blockchain technology, as many banks have done, one of the world's largest asset managers is acting on its own.

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Cheat Sheet: House banking panel’s 14-bill marathon

12/12/17

The House Financial Services Committee began consideration of 14 bills on Tuesday, including one that would stop Fannie Mae and Freddie Mac from being released by the government and another hailed as helping the underbanked in rural areas.

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Mastercard targets millennial clients with digital money management service

12/12/17

Assemble allows Mastercard partners or issuers to provide checking, budgeting and payment features, as well as additional money management.

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Court throws out New York regulator's suit against OCC fintech charter

12/12/17

A district court judge said the state’s suit against Office of the Comptroller of the Currency is premature because the agency has not finalized its fintech charter nor has any firm applied for it.

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The familiar fingerprints on the Fed's stress test changes

12/12/17

In contrast to initiatives at other agencies, where Trump appointees are poised to go in a significantly different direction than their Obama-appointed predecessors, the stress test work appears aligned with the vision set out by former Fed Gov. Daniel Tarullo.

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JPMorgan strikes deal with Kroger for Chase Pay

12/12/17

Kroger Co., the largest U.S. supermarket chain, will begin offering JPMorgan Chase & Co.’s Chase Pay mobile wallet in certain markets beginning next year.

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Mette Kurth: 2nd Circuit Reverses Course on Cramdown Interest Rates

12/12/17

On her The Bottom Line 11 blog, Fox partner Mette Kurth examined a recent U.S. Court of Appeals for the Second Circuit decision in In re MPM Silicones (the Momentive case). The court followed the lead of the Sixth Circuit in establishing a two-step approach to setting the cramdown interest rate on debtor payments for secured claims:

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Mulvaney unfit to lead CFPB: Schneiderman, 16 state AGs

12/12/17

Past statements by Office of Management and Budget Director Mick Mulvaney about the Consumer Financial Protection Bureau should disqualify him from leading the agency, according to New York Attorney General Eric T. Schneiderman and 16 other state AGs.

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Mission-oriented neobank gains $47 million in funding

12/12/17

Rather than charge set fees, Aspiration offers customers name-your-fee accounts and donates to charities based on the amount of money it makes.

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