Bankruptcy Blogs

CFPB Seeks $183.5M from Aequitas Capital for aiding for-profit college

08/17/17

Regulators reach a $183.5 million deal Thursday to get debt relief to 41,000 students of bankrupt Corinthian Colleges.

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Can Betsy Duke fix Wells?; JPM execs making noise

08/17/17

Sanger is out at Wells Fargo and so it is a crisis that gives us our first female board chair at a major U.S. bank. Women lead two major tech initiatives at JPMorgan Chase, which is also adding a fourth woman to its executive committee.

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Loans ‘ignored’ in Libor talks — so far

08/17/17

A Fed committee studying Libor’s replacement has dwelled heavily on the potential impact to the derivatives market. Loans may become a bigger part of the conversation later this year, but the panel plans to leave a lot of the specifics up to lenders.

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Behind a Georgia bank’s long and winding succession plan

08/17/17

Lynn Harton was finally named CEO of United Community Bank after a five-year apprenticeship, though Jimmy Tallent remains CEO of the parent company. The executives have long touted an ability to bounce ideas off each other as a reason for United's success.

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Why cybercriminals like AI as much as cyberdefenders do

08/17/17

Artificial intelligence is helping detect breaches the human eye can’t. But it also gives hackers an edge.

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Prudential is said to plot its escape from Fed oversight

08/17/17

Prudential Financial is laying the groundwork to escape the government's label that it's too big to fail, a move that would dramatically reduce federal oversight of the largest U.S. life insurer.

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FHFA extends Harp for another year

08/17/17

The Home Affordable Refinance Program will now expire on Dec. 31, 2018, the FHFA said.

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Umpqua’s innovation arm signs two global partnerships

08/17/17

Pivotus, the software business run by the bank’s former CEO, collaborates with financial institutions from Australia to the Netherlands.

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Card rewards give banks a rare achievement — happy customers

08/17/17

Credit card issuers have been trying to outdo each other to offer the best rewards program. And it shows, as customer satisfaction rates with many (but not all) of their banks have never been higher in a yearly J.D. Power study. But they may not last forever.

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