Bankruptcy Blogs

B of A’s biggest shareholder is now Warren Buffett

08/29/17

His Berkshire Hathaway exercised 6-year-old warrants to buy 700 million shares at an $11.5 billion discount.

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HUD revamps reverse mortgage program fees to stem losses

08/29/17

The agency will charge higher upfront premiums for most Home Equity Conversion Mortgage borrowers while lowering the annual premium.

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Online consumer lender Float shuts down

08/29/17

The startup, which offered credit lines of up to $1,000, hoped to tap into the millennial generation's frustration with overdraft fees.

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CFPB move to split payday rule may help it survive congressional challenge

08/29/17

The Consumer Financial Protection Bureau’s likely decision to pare back its final rule on small-dollar lending may help guard it against a congressional rollback and pave the way for bankers to return to the space.

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Hensarling accuses Cordray of rushing out rules ahead of political run

08/29/17

House Financial Services Committee Chairman Jeb Hensarling, R-Texas, wrote a letter to CFPB Director Richard Cordray calling on him to clarify whether he is running for political office.

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Three fears for banks that share customer data with Facebook, Amazon

08/29/17

Can the internet giants peek at bank data, or eavesdrop on conversations with customers, sent over their gadgets? Here are the facts and the fuzzy areas.

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Simmons buys struggling Arkansas bank after bidding process

08/29/17

Heartland Bank had been operating under a regulatory order from the Fed since December.

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Wayne Savings in N.J. finally taps permanent CEO

08/29/17

The company, which has faced pressure to sell from an activist investor, had been operating with an interim leader since December.

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Fundraising launched to help bankers, other Harvey victims

08/29/17

Several banks and industry groups are pledging money to help bankers and their clients recover from the hurricane and its aftermath.

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A banker’s view of the Puerto Rican debt crisis

08/29/17

In the coming year, bankers in Puerto Rico will need to keep an eye on how steep cuts in government spending will affect the island’s consumers, says José Rafael Fernández, CEO of OFG Bancorp.

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