Bankruptcy Blogs

Is arbitration win a turning point for banks?

10/25/17

The Senate's repeal of the Consumer Financial Protection Bureau rule is arguably the industry's biggest policy victory since passage of Dodd-Frank. But is it the sign of a trend?

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Auto lenders brace for losses from Harvey, Irma and Maria

10/25/17

The hurricanes destroyed hundreds of thousands of cars, and banks are significantly boosting their reserves in anticipation of higher defaults on auto loans. But there is also a silver lining for auto lenders.

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Warsh vs. Quarles said to be renewed by Trump Fed search

10/25/17

The race to be the next Federal Reserve chairman is rekindling an old feud between Kevin Warsh, one of the Trump administration's finalists, and Randal Quarles, the newest Republican appointee to the Fed board, according to several people familiar with the matter.

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What’s ‘human digital banking’? Umpqua’s O’Haver explains

10/25/17

Cort O’Haver, the successor to Ray Davies at Umpqua, has a plan to preserve human relationships in mobile and online banking.

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Thinking ahead to the day when credit quality sours

10/25/17

Huntington executives are surprised that chargeoffs are still so low and say they're prepared for things to get worse, yet they remain aggressive in auto and other categories. The juxtaposition is a sign of the times for lenders.

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Near-term pain as efficiency effort weighs down Valley's 3Q results

10/25/17

The New Jersey company reported lower third-quarter profit that included severance costs from a two-year program to boost its bottom line.

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MBA's Stevens, his cancer in remission, to retire as CEO

10/25/17

Days after revealing he was in full remission from cancer, David H. Stevens said he is retiring as president and CEO of the Mortgage Bankers Association.

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Deutsche Bank will pay $220 million to resolve U.S. Libor probe

10/25/17

The accord is the latest development in investigations by governments across the globe into banks’ manipulation of benchmark interest rates.

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BankMobile's long road to profitability

10/25/17

A planned spinoff, combined with several new ventures, should help BankMobile turn the corner, says Luvleen Sidhu, the digital-only bank's president.

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CFPB Arbitration Rule Overturned

10/25/17

By a 51-50 vote, with Vice President Pence breaking the tie, the Senate has voted to overturn the Consumer Financial Protection Bureau's rule forbidding the use of contract terms (in covered consumer loan products) barring cons

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