Bankruptcy Blogs

Banks, consumer groups agree: screen scraping needs better regs

03/08/17

Banks and consumer rights groups appear to have found unusual common ground in the debate over screen scraping, asking the CFPB to weigh in on the application of certain regulations to fintech companies that aggregate financial data on customers' behalf.

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GE’s Nason withdraws from consideration for key Fed spot

03/08/17

GE Energy Financial Services CEO David Nason is withdrawing his name from consideration as one of the key open positions at the Federal Reserve Board, according to a GE spokesperson.

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Wanted at Wells Fargo: Three new deputies to run retail bank

03/08/17

Wells Fargo community banking head Mary Mack is seeking three new deputies and shaking up regional leadership of the division she inherited after a bogus-account scandal.

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Ex-JPM regional exec to join Wis. community bank

03/08/17

Johnson Bank in Racine, Wis., has hired the head of JPMorgan Chase’s Wisconsin-Minnesota market as its president.

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Digital bank goes for $175 million, or four times revenue

03/08/17

The price Customers Bancorp is getting for its BankMobile unit would exceed the initial estimates of $100 million to $150 million.

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Cheat sheet: The trade-offs of blockchain privacy tools

03/08/17

A previously unreleased paper lays out the pros and cons for banks of technologies designed to restore confidentiality on shared ledgers.

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Weakening CFPB will strengthen ID protection providers

03/08/17

Fearing regulatory fines, banks have retreated from selling identity protection in recent years. Institutions will get back in the market if the Consumer Financial Protection Bureau is weakened.

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DOJ seen easing; Barclays may add risk

03/08/17

Justice Department may pull back on discriminatory lending cases against banks; Barclays may have appetite for risk.

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Does latest surge in past-due car loans mean problem is here to stay?

03/07/17

The number of auto loans classified as delinquent rose sharply in the fourth quarter, raising further questions about whether the segment is getting overheated.

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Democrats highlight arbitration agreements ahead of CFPB fight

03/07/17

Democratic Senators are gearing up for a showdown with Republicans over a Consumer Financial Protection Bureau rule governing arbitration agreements in financial contracts.

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