Bankruptcy Blogs

Is CFPB being stretched thin by litigation?

06/07/17

Litigation is soaking up a significant share of resources at the Consumer Financial Protection Bureau, which faces at least a dozen cases challenging its constitutionality and a surging number of legal disputes to its enforcement actions.

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Treasury report praises CDFI program that Trump would cut

06/07/17

A report quietly released by the Treasury Department says there is “clear evidence” that a program President Trump wants to cut helps recipients provide financial services to the most underserved communities.

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Hope for banks as Justice Department punts on swipe fee case

06/07/17

The Trump administration is stepping away from the government’s 7-year legal fight with Amex that centers on retailers’ right to encourage the use of particular cards. The decision is good news for issuers of credit and debit cards, though it is hardly the last word on the case.

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It’s not just banks with a stake in achieving regulatory relief

06/07/17

There is a great opportunity this year to show the world that Congress can still pass bipartisan, common-sense legislation that helps lift the U.S. economy.

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Deal will beef up Glacier's presence in Colorado

06/07/17

The Montana company has agreed to buy Columbine Capital in a deal that will add five branches and $330 million in loans in Colorado.

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Spain's Popular was on verge of failure before takeover deal: ECB

06/07/17

Banco Santander stepped in to take over stricken rival Banco Popular Espanol in a deal brokered by regulators that imposes billions of losses on investors.

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Robo-advisers must do more than help millennials build wealth

06/07/17

Services with simpler fees and intuitive digital designs might appeal to younger users, but millennials have much more on their minds than saving for retirement.

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Senate Banking Committee Testimony

06/07/17

I'm testifying before the Senate Banking Committee this week about "Fostering Economic Growth: The Role of Financial Institutions in Local Communities".  It's the undercard for the Comey hearing.  The big point I'm making are that the problem is not one of economic growth, but economic distribution.  While the US economy has grown by 9% in real terms since Dodd-Frank, real median income has fallen by 0.6%.  That's pretty grim.  The gains have all gone to the top 10% and particularly the top 1%.  

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Banco Santander to the rescue; Cordray in contempt?

06/07/17

Spain's largest bank to pay a little over a dollar to save troubled domestic rival Banco Popular; House finance committee says CFPB director dragged his feet on Wells phony accounts scandal.

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Why Citi puts a premium on mobile users' satisfaction

06/06/17

Alice Milligan has pushed Citi to introduce dozens of mobile enhancements intended to simplify customers' interactions with the bank.

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