Bankruptcy Blogs

CFPB’s Cordray still fails to see nuances in small-dollar lending

04/17/17

The Consumer Financial Protection Bureau's prevailing mindset is apparently not affected by convincing evidence regarding options for borrowers looking for small-dollar credit.

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Breaking Banks: Innovate Finance Global Summit 2017

04/17/17

At last week's conference in London, host Brett King took time away from speaking and judging startup pitches to talk to some of the main presenters, including Ruth Wandhöfer, Citi's global head of regulatory and market strategy.

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United Community hires KBW bank analyst as CFO

04/17/17

Jefferson Harralson, the Georgia company's new chief financial officer, had covered banks at Keefe, Bruyette & Woods for 15 years.

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Trump said to pick ex-Treasury official for top Fed post

04/17/17

President Donald Trump plans to nominate Randal Quarles, a senior Treasury official in the Bush administration, to be the Federal Reserve's top banking regulator, according to a person familiar with the selection process.

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Congress killed consumer data privacy. Industry should revive it

04/17/17

With the reversal of Obama-era rules requiring user consent for data collection, it is more important than ever for U.S. banks and fintechs to demonstrate a robust and consistent approach to data privacy.

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M&T Bank’s profit rises on accounting change, margin improvement

04/17/17

A new accounting policy and improved profit margins fueled M&T Bank’s double-digit profit growth in the first quarter.

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NSA hacks into SWIFT; Wells board faces the voters

04/17/17

Hacker group Shadow Brokers says U.S. intel agency compromised parts of the global banking system; bank's directors gear up for tough election at annual meeting.

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Walrath Opinion on Avoidance Actions – Motion for Summary Judgment: Denied

04/15/17

In a 24 page decision released April 13, 2017, Judge Walrath of the Delaware Bankruptcy Court denied a motion for summary judgment in a preference action brought by Charles Stanziale as the chapter 7 Trustee of Powerwave Technologies against Superiour Technical Resources – Adversary Proceeding Case No.

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