Bankruptcy Blogs

Canadian banks warn of opening access to financial data

10/02/17

Canada's banking industry has issued a warning to government about giving Canadians more control of their own banking data: proceed with caution.

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Bitcoin is not a 'fraud'

10/02/17

The comments by JPMorgan Chase CEO Jamie Dimon on bitcoin demonstrate a distinct lack of understanding of the reality that the virtual currency has an incredible value proposition.

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Bank-issued bitcoin debit cards. No, really.

10/02/17

The explosion of interest in digital assets this year, and the multiplying of their market value, are making cryptocurrency debit cards newly attractive. Banks could partner with intermediaries or issue the cards directly, but obstacles remain before that day can arrive.

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Small mortgage lenders seek exemption from CFPB exams

10/02/17

In a recent letter, two trade groups representing that industry lobbied Treasury Secretary Steven Mnuchin to support a bill that would give oversight of nonbank mortgage lenders exclusively to state regulators.

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Santander Consumer names new CFO in latest shake-up

10/02/17

The Dallas subprime auto lender named Juan Carlos Alvarez de Soto CFO on Friday. He succeeded Ismail Dawood, who had been CFO since December 2015 after working at Bank of New York Mellon.

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'Too big to seriously punish': Comments of the week

10/02/17

Readers comment on the ripple effects of the Equifax breach, who benefits from the CFPB's final arbitration rule, gender-related issues in financial services, and more.

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ABA, banks sue CFPB to block rule; Equifax eyes clawbacks

10/02/17

A number of banks and business groups sue to block prohibition on mandatory arbitration; credit bureau weighs how far back to look in denying compensation.

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Lessons for the #BankBlack Movement from Mehrsa Baradaran's New Book

10/02/17

#BankBlack emerged on Twitter earlier this summer. The hashtag began as an encouragement to those protesting police brutality to move their money to black-owned banks, and is credited with growing the assets of black-owned banks by $6 million over the summer. A search on Twitter shows that the hashtag remains popular, and now is linked with #BlackWealth and #BuyBlack.

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Hollywood's dim view of banking and the real-world threat it poses

10/02/17

The film industry is painting an ugly picture of what life is like inside banks, and that could hurt banks' recruitment efforts.

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Could Puerto Rico be Expelled for its "Tremendous" Debt?

10/01/17

From Joseph Blocher & Mitu Gulati

We would not exactly call ourselves avid readers of the US Navy blogs. But there is an interesting post on the U.S. Naval Institute Blog today on Puerto Rico and debt by Commander George Capen (retired).

The context that inspired his blog post was the behavior of our president toward the current crisis in Puerto Rico. To quote: 

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