Bankruptcy Blogs

Another day, another Wells scandal; Virtual currency deals go on

08/08/17

Bank may have failed to refund insurance premiums to customers who repaid their auto loans early; digital coin offerings proceed despite warnings from SEC.

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How Ally Bank attracts millennials

08/08/17

At a time when many banks struggle to win over millennials, Ally Bank appears to be bringing them in: more than 60% of new customers are millennials. President Diane Morais explains how the bank is getting the attention of a younger generation. One popular product: debit controls.

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Loan growth resumes, but LendingClub remains in the red

08/07/17

The online consumer lender reported a net loss of $25.4 million, bringing its red ink in the five most recent quarterly reports to more than $200 million.

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Cheat sheet: What happens if CFPB's Cordray leaves early

08/07/17

If CFPB Director Richard Cordray leaves ahead of his July 2018 term expiration, President Trump would be limited in who he could pick as an acting director and may face challenges in rolling back the rule banning mandatory arbitration clauses.

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Rising commercial deposit costs? It’s not the worst thing

08/07/17

Many banks are adopting an “it takes money to make money” approach, paying more interest on deposits in exchange for loan growth, fee income and customer retention.

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Fannie-Freddie could need $100B bailout if new crisis hits: FHFA

08/07/17

Mortgage-finance giants Fannie Mae and Freddie Mac could need nearly $100 billion in bailout money in the event of a new economic crisis, according to stress test results released Monday by their regulator.

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OnDeck leans on cost cutting as losses narrow

08/07/17

The online lender said it is on track to hit its goal of becoming profitable by yearend. It also extended a partnership agreement with JPMorgan Chase.

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Fintech expert Maule to join British digital banking startup

08/07/17

Sam Maule is set to head up North America expansion for 11:FS.

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The race to connect smart contracts to the real world

08/07/17

A San Francisco startup working with Swift plans to launch a network that would tie self-executing contracts to independent data sources.

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Investar in La. to buy BOJ Bancshares

08/07/17

Investar Holding has reached an agreement to acquire BOJ Bancshares for $22 million, helping it expand in its home market of Baton Rouge.

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