Bankruptcy Blogs

IBM courts fintechs with new developer cloud

03/20/17

The tech giant said it is enabling third-party developers to create financial services apps in the cloud.

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Bankruptcy Fees in the Trump Budget

03/18/17

Thanks a tweet to the sharp-eyed Drew Dawson at the University of Miami, I saw this article in Politico that among the surprises in Trump's budget is an increase in bankruptcy filing fees (see item 5). Well, this seemed important to those of us in the bankruptcy world so I thought I would check it out.

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Judge dismisses CFPB case against payment processor

03/17/17

A district court judge on Friday dealt a blow to the Consumer Financial Protection Bureau by saying the agency failed to present enough facts in its case against Intercept Corp.

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The Wells Fargo problem has only started for other banks

03/17/17

Banks like TD and U.S. Bancorp are suddenly taking public shots from current and former employees critical of their sales practices, a sign that the industry has not put behind it the questions raised months ago by the phony-accounts scandal at Wells.

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Democrats frustrated after being shut out of Wells investigation

03/17/17

Rep. Maxine Waters, D-Calif., asked Wells Fargo executives on Friday to submit to new interviews concerning its fake-accounts scandal.

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RBC's Fukakusa sets pay benchmark for Canada's female bankers

03/17/17

Bay Street's highest-paid female banker set a new benchmark for women executives in the banking industry — though their ranks among the top wage earners remain thin.

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Dilemmas for banks in new rate environment

03/17/17

Banks eagerly raised their prime rates after the Federal Reserve’s latest rate hike, but the debate about how they should react on the deposit side is robust, and conversations are beginning on how to respond on the investment portion of the balance sheet. Here is a sample of the lively discussion that is emerging.

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Justice Department turns against CFPB in constitutionality case

03/17/17

The Justice Department told a federal appeals court on Friday that President Trump should have the authority to fire the head of the Consumer Financial Protection Bureau.

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Why CommonBond's CEO says fintech charter could be a game changer

03/17/17

In a Q&A, CommonBond CEO David Klein discusses how an OCC charter might benefit customers by lowering the cost to run a student loan refinancing business.

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Breaking Banks: Separating real innovation from innovation theater

03/17/17

It is easy for banks to get caught up in what appears innovative but ends up being for show.

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