Bankruptcy Blogs

Banks Learn the Price of 'Satisfactory' CRA Grades

09/08/16

Without incentives to shoot higher, banks usually settle for "Satisfactory" on their Community Reinvestment Act exams, but many find that not getting a better grade has consequences.

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Secured Creditors Can Chill a Bit Following Aeropostale Ruling

09/08/16

The ability of a secured creditor to credit bid its debt in connection with a sale of a debtor’s assets received a strong boost in a decision last month in the Chapter 11 case of Aeropostale from U.S.

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Morning Scan: Wells Fargo Hit Over Sales Tactics; SoFi Seeks $500M

09/08/16

Receiving Wide Coverage ...

Two heads...: JPMorgan Chase said Mark Leung, head of its Asia Pacific equities business since 2014, and Jason Sippel, global head of prime services, will together run the bank's global equities division. The two replace Tim Throsby, who left to run Barclays' corporate and international division. Wall Street Journal, Financial Times Wall Street Journal ...

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Online Retailers Are Proof of Marketplace Lending's Sustainability

09/07/16

Despite their slowdown in growth, marketplace lenders are still in good position to gain from the digitization of the financial services industry.

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You've Heard of Fintech, Get Ready for 'Regtech'

09/07/16

Fintech is transforming consumer financial services, but automation and data innovation can also help banks meet their growing regulatory demands.

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Morning Scan: Behind the Wells-Amazon Blowup; Chip Terminal Woes

09/07/16

Receiving Wide Coverage ...

Leaving: Tim O'Hara, the head of Credit Suisse's global markets division for just the past 10 months after a 30-year career at the bank, is leaving. He will be replaced by Brian Chin, co-head of credit. The unit has suffered heavy losses over the past year. Wall Street Journal, Financial Times Wall Street Journal ...

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CFPB Consumer Complaint Narratives: What They Say About Bankruptcy

09/06/16

The Consumer Financial Protection Bureau's consumer complaint database has contained narratives for over a year now. Each month, the CFPB publishes a report that summarizes the complaints received over the previous three months, and that focuses on a specific product and geographic area.

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Why State-by-State Fintech Oversight Doesn't Work

09/06/16

State regulators' resistance to the idea of a national fintech charter is not surprising, but state-by-state regulation imposes heavy burdens that reverse the cost savings and expanded reach available through fintech.

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Actual Change in De Novo Policy Proving Hard for FDIC

09/06/16

The Federal Deposit Insurance Corp.Â's recent statements encouraging new bank applications are promising, but some barriers to new charters may remain inside the FDIC and we are still waiting for the first de novo of 2016.

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