Bankruptcy Blogs

As uncertainty swirls, CFPB keeps on regulating

09/14/17

The Consumer Financial Protection Bureau may face an unsteady political environment, but a new report on CFPB supervisory priorities has experts warning banks not to rest on their laurels.

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Best banks to 'woof' for

09/14/17

Life is “ruff.” Pets can make it easier. Here is how some of the Best Banks to Work For accommodate their employees’ furry pals.

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Update on ABI Consumer Bankruptcy Commission

09/14/17

This afternoon, I am off to New Orleans and the annual meeting for the National Association of Bankruptcy Trustees (NABT).  Tomorrow (September 15) from 12:30 - 2:30 PM, we are holding a public meeting for the Committee on Chapter 7 of the American Bankruptcy Institute's Commission on Consumer Bankruptcy.

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Credit markets need legislative guidance after Madden decision

09/14/17

A long-term discussion about rethinking rules of the credit market is worth having, but for right now Congress should restore clarity by correcting the Second Circuit’s mistake.

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Lawsuits against Equifax pile up; bitcoin price dives

09/14/17

More than 100 suits have been filed since the company revealed the massive data breach last week; price of digital currency is down 25% since hitting a record high a week ago.

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A Quiet Revolution in Pension Reform

09/14/17

A historic vote was announced overnight that signals a new era for large pension reform. As is often the case, "reform" here means that ordinary, hard-working folks will suffer a significant amount of pain as big companies are relieved of some liabilities, but the hope is it will be less painful than the alternative.

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Lawmakers widen Equifax probe to other credit rating agencies

09/13/17

Rep. Carolyn Maloney, D-N.Y., sent a letter to the top executives at TransUnion and Experian on Wednesday asking them what steps they are taking to safeguard consumer data in light of the Equifax breach.

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Has the Fed found a better long-term mortgage product?

09/13/17

Fed economists are suggesting a new mortgage product that would allow home buyers to build equity faster and give banks incentive to profitably hold the loans in portfolio.

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Lawmakers stay clear of ILC charter debate … for now

09/13/17

Few lawmakers have stated positions on fintech applications for industrial loan company charters. It may not stay that way.

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Signature's ideal buyer? A foreign bank that preserves its independence

09/13/17

The New York bank has prided itself on its ability to grow organically, but CEO Joseph DePaolo hinted Wednesday that M&A could be in its future.

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