Bankruptcy Blogs

Bridge in N.Y. to switch to state charter, close six branches

11/16/17

Bridge Bancorp, which plans to rebrand is bank as BNB Bank, also plans to boost 2018 profit by $3.3 million by closing 14% of its branches.

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Cordray resigns; OCC becoming banks' best friend?

11/16/17

CFPB director’s departure gives President Trump the chance to revamp the agency; the bank regulator is reverting to its industry-friendly ways.

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House panel approval of rate-cap workaround a win for online lenders

11/15/17

A bill that would ensure fintechs can continue to partner with banks to make loans at interest rates that exceed state caps drew some bipartisan support on Wednesday, despite opposition by consumer groups.

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Who will be next CFPB director?

11/15/17

It’s a seat the Trump administration has long wanted vacated, and now it gets a chance to fill it — and change the direction of an agency that’s been a thorn in Republicans’ side. Following are the top candidates:

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Buybacks, M&A and more lending: How banks might spend their tax savings

11/15/17

Banks would be big winners if Congress slashes corporate tax rates and they will have no shortage of options for deploying all that extra cash.

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Radical changes ahead for CFPB after Cordray departure

11/15/17

The resignation of CFPB Director Richard Cordray gives President Trump the chance to name a director who could roll back agency rules and supervisory policies.

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Maybe Zelle is better than we thought

11/15/17

Zelle seemed like banks' catch-up attempt, but it may prove to be a true innovation.

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One small bank's big bet on equipment finance

11/15/17

Beneficial Bancorp in Pennsylvania believes it can make a dent in a relationship-driven business that is expected to have more borrower demand in 2018.

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Five opportunities and challenges in digital lending

11/15/17

Experts in digital lending share useful insights into the potential opportunities and pitfalls, covering everything from mortgages to small business.

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As FHA reserves dwindle, so do odds of premium cut

11/15/17

The Federal Housing Administration was battered by losses this year from reverse mortgages, casting doubt on whether the agency will adopt an Obama-era proposal to reduce mortgage insurance premiums.

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