Bankruptcy Blogs

Your Workforce Should Reflect Your Customer Base

10/06/16

Banks must work to attract a diverse workforce through recruiting efforts, and to close the retention gap that sees institutions lose a higher percentage of women leaders compared to those who are men.

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Morning Scan: CFPB to Regulate Mobile Payment Apps

10/06/16

Wall Street Journal Rules for payment apps: Mobile payment apps like PayPal's Venmo and Alphabet's Google Wallet will be covered by the Consumer Financial Protection Bureau's new rules covering prepaid debit cards. While prepaid cards and mobile payment apps serve mostly different demographics and do different things, "the CFPB views the products as requiring similar types of oversight to ensure customers' money is safe," the Wall Street Journal reported. The payment app providers had objected toÂ...

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Five Steps for Wells Fargo to Rebound from Scandal

10/05/16

Wells Fargo has been knocked off its pedestal, but it is imperative that the company move forward and put this episode behind it.

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N.Y.'s Cyber Plan Is a Start, But Banks Need Stronger Reform

10/05/16

It's time not only to hold banks accountable for their security, but also to provide meaningful regulatory guidance on how to achieve security.

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Morning Scan: Protection for Prepaid Card Users; Living Wills Revised

10/05/16

Receiving Wide Coverage ... Out of the shadows: The Consumer Financial Protection Bureau proposed disclosure and consumer protection rules for prepaid debit cards. Under the proposal, which would take effect in a year, prepaid cards would be required to carry a standardized disclosure of the card's monthly fee as well as details on fees for cash withdrawals, customer service calls, overdrafts and reloads. The cards would also have to provide the same liability protection that appliesÂ...

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The Magic of Fintech

10/05/16

Fintech not only solves problems for banks and their customers, it also helped break a curse.

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Delaware Bankruptcy Court Now on Twitter

10/04/16

The Delaware Bankruptcy Court announced recently that it is now on Twitter.  You can follow the Court and receive various updates here: https://twitter.com/USCourtsDEB.

Carl D. Neff is a partner with the law firm of Fox Rothschild LLP.  You can reach Carl at (302) 622-4272 or at [email protected].

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OCC Hasn't Issued Wells Fargo's CRA Score in Eight Years

10/04/16

The bank's fake account scandal is further reason to make the results of Wells' 2012 Community Reinvestment Act exam public.

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First Step to Ending Sexism in Banking: Recognize It

10/04/16

Male bankers are often unaware of how they benefit from a level of privilege that limits the advancement and contributions of their female colleagues, to the detriment of the entire industry.

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Morning Scan: Ending Arbitration at Wells; Property Loan Pullback

10/04/16

Receiving Wide Coverage ...

More pain for Wells: Sen. Sherrod Brown, D-Ohio, said he plans to introduce a bill that would prevent Wells Fargo from forcing customers to use arbitration clauses if they challenge the bank for opening bank accounts without their permission, a move that would make it easier for customers to sue the bank for any damages they may have incurred as a result. "Giving customers back their right to take Wells Fargo to...

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