Bankruptcy Blogs

CFTC creates new arm dedicated to fintech

05/17/17

The Commodity Futures Trading Commission has launched an office dedicated to exploring fintech issues, the agency’s head announced Wednesday.

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The real story behind the C&I lending slowdown

05/17/17

Some believe that increased bank regulation is to blame for overall slower growth in commercial and industrial loans. Yet that assessment misses some important details.

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FDIC to release industry first quarter earnings next week

05/17/17

The Federal Deposit Insurance Corp. is set to release its quarterly barometer of the banking industry on May 24.

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If you can't beat 'em, buy 'em

05/17/17

Banks and nonbanks are typically foes, but banks made 34 nonbank M&A deals through mid-May, emerging as buyers in two-thirds of them. Many buyers are eager to pad fee income by adding investment, specialty finance or insurance firms; sellers are typically looking to cut costs. Here is a roundup of such deals this year.

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Bipartisan bill would raise stress testing thresholds for community banks

05/17/17

Sen. Jon Tester, D-Mont., and Sen. Jerry Moran, R-Kan., introduced legislation Wednesday that would raise the stress testing threshold for small and community banks to $50 billion of assets.

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U.S. consumer debt has hit a new record, but lenders shouldn't be spooked

05/17/17

The old record was set just before the Great Recession, and what may be most remarkable is that it took nearly nine years to reach a new milestone.

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Better fintech alternatives to high-cost credit are already here

05/17/17

Fintech still has a ways to go to change the financial world, but it already offers solutions to income insecurity that can be truly transformational right now.

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Hackers tough new task: Cash in their bitcoin; Dimon takes the heat

05/17/17

Cashing in digital currency for government-backed paper may not be so easy; JPM CEO is taken to task by shareholders for his close ties to President Trump.

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Eastern Bank spinoff to give banks fintech capabilities in small-business lending

05/17/17

Numerated Growth Technologies has a platform that lets banks make lending decisions in as little as five minutes. The spinoff will be run by Dan O'Malley, Eastern's former chief digital officer.

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Personal loans get paid before other consumer credits, study finds

05/17/17

As financial institutions look closer at the increasingly detailed consumer credit data available, they are learning consumers are more apt to pay off personal loans before mortgages, auto loans and credit cards.

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