Bankruptcy Blogs

CFPB Small-Dollar Plan: Some Good Ideas, But Not Enough

07/22/16

The Consumer Financial Protection Bureau's plan to rein in payday and other lenders has some noticeable benefits for consumers, but much of the proposal should be revised.

[more]

Morning Scan: JPM to Settle Hiring Probe; PayPal, Visa Make Nice

07/22/16

Receiving Wide Coverage ... Strategic hiring: What's a few jobs among friends? JPMorgan Chase is expected to settle a probe in coming months over alleged efforts to hire the children of powerful Chinese officials and executives in state-owned firms to drum up new business. The bank is expected to pay as much as $200 million and may admit wrongdoing, though it is unlikely to be criminally charged. Wall Street Journal, Bloomberg Â...

[more]

Women in Banking: 'Equity,' Pokemon Go and More Bro Talk

07/21/16

The movie "Equity" about women on Wall Street (backed by Barbara Byrne and other industry women) is coming soon. The internet reacts to the 'Bro Talk' op-ed about Wall Street's objectification of women. The CFSI is pushing for a more holistic financial health metric. Jill Castilla is big on Pokemon Go and tweeting about it to lure people into the branch. Also, Sheryl Sandberg is rethinking parts of her "Lean In" philosophy.

[more]

Qui Tam Motions and Settlements

07/21/16

John O’Toole writes:

[more]

Regulators' IM Crackdown May Increase Cyber Risk

07/21/16

The Office of the Comptroller of the Currency's recent guidance on internal messaging software could impose significant hardships on banks and runs contrary to prevailing guidance on cybersecurity.

[more]

CFPB Unfairly Controls Debate with Midnight Embargoes

07/21/16

How the Consumer Financial Protection Bureau controls the release of new proposals or rules undermines the public debate over consumer regulations.

[more]

Morning Scan: HSBC Banker Arrested in Forex Case

07/21/16

Receiving Wide Coverage ...

Crackdown: A top banker was arrested on criminal charges Wednesday, but those looking for prosecutions resulting from the financial crisis are still going to be disappointed. Mark Johnson, a top foreign-exchange executive at HSBC is accused of "front running" a currency trade for a client in 2011, which was worth about $3.5 billion. The deal won the bank about $8 million at the time, albeit to the detriment of the company involved....

[more]

First Step Toward Real-Time Payments: Clear Up the Confusion

07/20/16

Confusion among bankers on what real-time ACH payments are and how the transactions are processed is a major barrier to adoption in the U.S. Here's what banks need to know.

[more]

Lawyers Pass the Bar. Why Don't We Test Risk Managers?

07/20/16

Establishing a set of standards of practice for chief risk officers and others would help benchmark the quality control for managing risk in the financial services industry.

[more]

Morning Scan: Fallout from Republican Shot at Big Banks

07/20/16

Receiving Wide Coverage ... Catching fire: For a Depression-era law, the Glass-Stegall Act has certainly gone prime time in 2016. Observers spent much of Tuesday scratching their heads over the GOP's decision to include in its party platform bringing back the provision. The law, which separated commercial and investment banking activities, was repealed under President Bill Clinton. The New York Times calls the proposal, which has also been backed by many on the left, "almost aÂ...

[more]