Bankruptcy Blogs

Regional banks weeding out risky loans while credit cycle is strong

01/24/17

Fifth Third and other regionals have ditched what they deem to be high-risk commercial loans in hopes of strengthening credit quality over the long term.

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Banks, your IT outsourcing is (probably) safe under Trump

01/24/17

President Trump's campaign to keep jobs in the U.S. could leave bankers worried about their outsourcing IT functions. They are an unlikely target.

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Democratic AGs in 16 states ask to defend CFPB in key court case

01/24/17

Democratic attorneys general in 16 states and the District of Columbia have asked to defend the Consumer Financial Protection Bureau in a controversial appeals court case citing an "urgent" need to protect its director, Richard Cordray, from being fired by President Donald J. Trump.

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Banc of California investor wants company to consider selling

01/24/17

Legion Partners said it has “serious concerns” about the company’s disclosure of inaccurate information.

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Possible Fed vice chair pick has long history with finreg

01/24/17

President Trump’s reported interest in GE Capital CEO David Nason — a former Bush Treasury official and front-row participant in the government’s response to the financial crisis — is sending the signal that the new administration intends to take a measured approach to financial regulation.

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U.S. robo adviser market opens up to foreign competition

01/24/17

Wealthsimple is backed by the same investor, Power Financial, that last year injected $75 million into Personal Capital.

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Wells Fargo reviews policy of alerting managers to branch visits

01/24/17

Wells Fargo is reviewing its policy of giving retail bankers a day's notice before internal inspectors visit a branch.

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New Study Tells Inside Story of how Local Communities use Ordinances to say ‘Enough’ to Payday Lenders

01/24/17

Robert Mayer of the University of Utah and I just finished an 18-month study of community approaches to controlling payday lending . The study concludes with ten lessons communities can use to pass similar ordinances on any subject matter. In The Power of Community Action: Anti-Payday Loan Ordinances in Three Metropolitan Areas, we document how local communities positively organize to control payday lending in their jurisdictions and thereby create important legal change.

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Flagstar misses estimates as mortgage production slows

01/24/17

Mortgage lending was "challenging" in the fourth quarter, but the Troy, Mich., company showed strong growth in commercial loans

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CFPB's Cordray signals he has no intention of resigning

01/24/17

The Consumer Financial Protection Bureau's Director Richard Cordray refused to comment on how he would respond if President Donald J. Trump asked for his resignation, but said the independence of the consumer watchdog agency was "worth fighting for."

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