Bankruptcy Blogs

Final five: Trump narrows choice of next Fed chair

10/17/17

President Trump said Tuesday that he has winnowed the number of candidates for the next Fed chair, including potentially reappointing Janet Yellen.

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Web’s creator to fintech players: Beware the blockchain Frankenstein

10/17/17

Sir Tim Berners-Lee, creator of the World Wide Web, exhorted developers to think about unintended consequences, saying he felt guilty over the digital divide and the proliferation of fake news.

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Northern Trust promotes Michael O'Grady to CEO

10/17/17

Frederick Waddell will retire as CEO of the Chicago custody bank at the end of 2017 but will remain chairman.

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JPMorgan buying WePay, shifting fintech investment into high gear

10/17/17

JPMorgan Chase has made several investments in financial technology startups, but its plan to buy WePay will give its 4 million small-business clients a much more direct way to adopt digital payments.

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Bank CEO perseveres after losing home in California wildfires

10/17/17

Debbie Meekins is running First Community Bank in Santa Rosa while simultaneously taking steps to rebuild her own life after her home of 19 years went up in flames.

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Regulators waive appraisals in hurricane areas to help rebuilding

10/17/17

Under a joint order, lenders still have to document the value of properties in storm-affected regions, but they will not have to depend on appraisers.

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Canada's bank regulator toughens mortgage qualifying rules

10/17/17

Canada's banking regulator released final rules that will make it tougher for borrowers to take on uninsured mortgages, adding to a growing list of measures to rein in the nation's housing markets.

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Beyond the breach: Credit reporting accuracy also under fire

10/17/17

Cybersecurity and breach notification procedures have caught the most public attention following the massive hack at Equifax, but lawmakers are also interested in the accuracy of credit reports.

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The Gender Gap Among Fancy Economists at the NBER Summer Institutes

10/17/17

The NBER summer institutes are where the fanciest economists go.  Anusha Chari and Paul Goldsmith-Pinkham have a cool new paper looking at the gender gaps in who gets on the schedule for the NBER summer institutes. 

Here is their basic finding:

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Keeping small businesses from overusing personal credit

10/17/17

TD Bank has pledged $3 million to provide credit counseling to small-business owners. The hope is that those owners will use commercial loans to replace personal credit cards and home equity as their primary forms of business funding.

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