Bankruptcy Blogs

Atlantic Coast Financial in Fla. agrees to be sold to Ameris Bancorp

11/17/17

The company, which counts veteran banker Jay Sidhu among its investors, is selling to Ameris for $145 million in cash and stock.

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Lack of regulatory clarity holding back blockchain

11/17/17

The federal banking regulators should create a working group that, rather than propose new rules and regulations, would clarify the application of existing rules to blockchain technology.

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Wells Fargo fires head of consumer lending

11/17/17

The San Francisco company said Friday that it has terminated Franklin Codel, effective immediately, over an interaction he had with a former employee regarding that employee's termination.

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Otting approved as comptroller; OMB head may lead CFPB too

11/17/17

Mnuchin’s former business associate is likely to be sworn in next week; Mulvaney, as a congressman, called the CFPB a “joke” and co-sponsored a bill to kill it.

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‘Good riddance’: Comments of the week

11/16/17

Readers weigh in on the departure of Richard Cordray, debate whether online lenders are akin to subprime lenders, offer praise of a community banker, and more.

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Why Synchrony and PayPal are joining forces

11/16/17

The deal for PayPal’s consumer loan portfolio will make Synchrony a bigger player in e-commerce. And the agreement helps the Silicon Valley payments giant achieve its goal of reducing its exposure to the credit cycle.

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How a new CFPB head may revamp rules, enforcement

11/16/17

A new Republican director of the Consumer Financial Protection Bureau is likely to take immediate action to change certain rules, including the "qualified mortgage" and payday rules, while curbing pending enforcement actions that are considered too harsh on financial firms.

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CB Financial in Pa. to expand into Ohio Valley with latest acquisition

11/16/17

The company has agreed to pay $49 million for First West Virginia Bancorp, the parent of Progressive Bank.

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Fannie, Freddie returning to low-income housing tax credits

11/16/17

The FHFA is allowing Fannie Mae and Freddie Mac to invest in the credits for the first time since they entered conservatorship. Its purpose is to promote affordable housing in underserved markets.

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Davos dames, car trouble and prison food

11/16/17

Look who's co-chairing the notoriously male-dominated World Economic Forum. A female automotive enthusiast eloquently calls out an industry where bias is ingrained in the everyday language, and women in prison cook up a better future. Plus, State Street, Goldman Sachs and Bank of Montreal.

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