Bankruptcy Blogs

Is Discover's breach alert service a risk to its brand?

07/28/17

When breaches occur it is the standard practice for the notification to come directly from the company affected. The difference with Discover's service is that, because it's an opt-in program, its users may already be bracing themselves for bad news.

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Will fixes to the Volcker Rule matter?

07/27/17

Regulators have near consensus that parts of the Volcker rule need to change. But it's not clear whether the fixes being contemplated will have a big impact.

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Margin forecast falls flat at Cullen/Frost

07/27/17

Profits rose 20% at the Texas bank, but net interest margin growth last quarter, and the bank’s margin outlook for the rest of this year, disappointed analysts and investors.

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Will B of A’s Anne Finucane make an Uber move?

07/27/17

The New York Times explores why we lack female CEOs, Uber considers Bank of America’s Anne Finucane for its CEO spot, and State Street’s head of corporate governance explains its push for gender diversity on boards. Plus, who needs a hero?

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Trump’s financial nominees on the Hill: What we learned

07/27/17

Financial regulation is too complex and needs to be retooled to improve access to credit, President Trump’s nominees to two top banking regulators told Capitol Hill on Thursday.

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The trade-offs in a N.J. bank's out-of-state expansion plan

07/27/17

Valley National's latest acquisition would make it a much bigger player in Florida and provide a platform to write more auto loans. Both markets present attractive returns but high risks.

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Massachusetts law firm to pay $1M over debt collection practices

07/27/17

The collections firm Lustig, Glaser & Wilson often harassed the wrong consumers, demanded amounts that were not owed, bullied consumers into paying from exempt income, and failed to obtain legitimate documentation of those debts, state officials said.

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TD Bank’s tech strategy for becoming a bank of the future

07/27/17

Luring developers from Silicon Valley and cloud computing are among the bank’s strategies for staying competitive in a changing tech environment.

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Tie-up with Acorns is first step for a PFM service with big plans

07/27/17

Through the partnership, Clarity Money customers can use Acorns’ automated investing features, while Acorns users can see a snapshot of their investing activity in the Clarity app.

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Higher yields on car loans drive revenue growth at Ally Financial

07/27/17

The Detroit company is capitalizing on other banks' retreat from the auto sector.

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