Bankruptcy Blogs

Well-known investor to buy majority state in Affinity Bank parent

08/25/17

Former lawyer Kenneth Lehman will pay at least $10 million for a controlling stake in ABB Financial in Atlanta.

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Fed’s Yellen: Some adjustments warranted for post-crisis reforms

08/25/17

Federal Reserve Chair Janet Yellen defended post-crisis reforms but allowed that further adjustments may be necessary to reduce adverse effects on small businesses and subprime borrowers.

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Clearing another Fed hurdle at Santander Holdings

08/25/17

The Boston company — a division of the Spanish banking giant Banco Santander — announced that the Federal Reserve has terminated a 2014 written agreement barring it from declaring dividends without central bank approval.

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SunTrust's new mobile rewards strategy: Don't dis debit

08/25/17

Mobile wallets and digital payments apps are erasing the distinction between credit and debit, but many issuers still cling to old practices that treat those audiences differently. SunTrust is working to change that.

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Banks’ blame-avoidance mentality stifles innovation

08/25/17

We know banks don’t like failure. But what is lesser known is how their reluctance is all to do with banking's compliance culture.

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Two big banks seek to speed mortgages; Stress test backer

08/25/17

U.S. Bank and Wells Fargo to use Blend software to speed up mortgage origination processes; Robert Kaplan wants to keep stress tests on big banks.

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A Free House – But No Additional Damages

08/24/17

On August 23, 2017, Judge Shannon of the Delaware Bankruptcy Court issued an order that is a reminder that this is a court of equity – and that at the end of the day, he will act equitably.  A copy of Judge Shannon’s opinion (the “Opinion”) is available here.  Mr. Welsh filed the complaint that led to this Opinion, seeking damages for emotional distress, and punitive damages, for alleged violations of the automatic stay.

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Rethinking split of banking and commerce: Noreika makes his case

08/24/17

Acting Comptroller of the Currency Keith Noreika is using his short time in office to open a debate about the separation of banking and commerce, which he says is anti-competitive, stifles diversification and may limit regulators' options in times of crisis.

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CFPB gives small banks, CUs a break on HMDA reporting

08/24/17

Lenders will not have to report data on open-ended home equity lines of credit in 2018 or 2019 if they originated fewer than 500 HELOCs the preceding year, the bureau said.

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Debt ceiling crisis would hit banks at their core

08/24/17

With the deadline for a federal-debt-limit renewal nearly a month away, bankers are dreading the prospect of higher funding costs, strained liquidity, weaker commercial loan demand and other ramifications if Washington does not act.

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