Bankruptcy Blogs

For First Green, banking pot firms is personal

09/21/17

The Florida bank started researching the business after Ken LaRoe, its chairman, saw how medical marijuana had helped his wife cope with a severe injury. First Green is now turning a profit a year after adding its first pot-related client.

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The <em>real</em> reason home-field advantage threatens foreign banks

09/21/17

Unlike a visiting sports team, foreign banks can't just blame local referees they perceive as biased for penalties or fines.

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Equifax, the gift that keeps on giving; Fed's gift to banks

09/21/17

Did hackers access the credit bureau's computers two months earlier than the company first thought?; the Fed's decision to start unwinding its balance sheet should raise rates and boost bank profits.

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Samson Resources Preference Actions Filed in Delaware

09/21/17

On September 12, 2017, Peter Kravitz, as Settlement Trustee of the Samson Settlement Trust, filed approximately 294 complaints seeking the avoidance and recovery of allegedly preferential and/or fraudulent transfers under Sections 547, 548 and 550 of the Bankruptcy Code.

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CFPB reveals what new HMDA data will, and won't, be made public

09/20/17

A Consumer Financial Protection Bureau proposal would limit how much Home Mortgage Disclosure Act data is released to the public in an effort to protect consumer privacy.

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Fifth Third partners with casino payments company

09/20/17

The Cincinnati bank says its investment unit is taking an equity stake in NRT Sightline to provide a wide range of banking and payments services to casino operators.

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Citigroup joins corporate climate fight with speedy energy pledge

09/20/17

Citigroup plans to purchase or produce all of its energy from renewable sources by 2020, the company said during Climate Week New York.

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Yellen signals Wells may face more actions

09/20/17

Federal Reserve Chair Janet Yellen said Wells Fargo’s treatment of customers was “egregious and unacceptable," hinting that more regulatory action was likely.

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EU’s new data privacy law creates headaches for U.S. banks

09/20/17

It's not just big banks. Even U.S. community banks may be subject to the General Data Protection Regulation given the boundlessness of digital commerce.

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The 10 biggest data breaches

09/20/17

Equifax's data breach may be the most serious, given that it covered 143 million consumers and involved reams of confidential information, but it wasn't the largest. Following are the biggest to date.

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