Bankruptcy Blogs

That was no typo: B of A held onto 90% of 2Q mortgage originations

07/21/17

It’s a very large number for any bank, but Bank of America executives said the move makes good economic sense and promotes relationship-building with customers.

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Regulators begin review of Volcker Rule

07/21/17

Five regulators agreed to coordinate "their respective reviews" on the exclusion of foreign funds from Volcker Rule restrictions.

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Fifth Circuit Goes Further Down the Disappearing Exemption Rabbit Hole

07/21/17
In yet another blow to the finality of exemptions, the Fifth Circuit has ruled that a chapter 7 debtor who claimed an IRA as exempt but later withdrew the proceeds must pay the funds to the trustee.   Engelhart v. Hawk (Matter of Hawk), No. 16-20641 (5th Cir.
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The Fed’s got some big decisions to make on faster payments

07/21/17

For the last two years, the central bank has allowed the private sector to drive a process aimed at modernizing the nation's payments system. Now the Fed will have to determine what its own role will be.

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Regionals find new growth levers to pull in consumer banking

07/21/17

Auto risks mounting. Mortgage market tightening. Are there any good risks these days in consumer lending? Regional bank executives insist partnerships with online lenders, unsecured personal loans and other niche efforts can work if done properly.

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Why midsize buyers could set pace for bank consolidation

07/21/17

Associated Banc-Corp is the latest industry welterweight to get back into M&A. That should benefit larger sellers that have watched the bigger regionals sit idle in the last couple of years.

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Do regulators still need to issue an exec comp rule?

07/21/17

A regulatory plan to create new restrictions on banks’ executive compensation practices appears dead – but changes since the financial crisis may have made the proposal largely obsolete anyway.

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Deposits take center stage in banks' 2Q earnings

07/21/17

Now that the Federal Reserve has raised short-term rates four times in the past 18 months, all eyes are on deposit costs as banks seek to keep pricing low and fatten margins. But that effort is complicated by the fact that banks must prepare for the unwinding of the Fed's balance sheet and consumers' rapid adoption of mobile deposits.

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Santander's call-center workers bring union push to Washington

07/21/17

Call-center workers at Santander Consumer USA, concerned about what they deem aggressive collections tactics, are looking to unionize with the help of some big names on Capitol Hill.

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Flood insurance reform deal adds momentum to House bill

07/21/17

House Financial Services Committee leaders and two top real estate trade groups have cut a deal on a bill to reform the National Flood Insurance Program.

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