Bankruptcy Blogs

7 takeaways from NCUA's 3Q data

12/08/20

Credit quality has remained strong at credit unions, but there are hints that some of them — especially the smallest ones — could report lackluster earnings well into next year, according to the National Credit Union Administration's latest intel on industrywide finances.

[more]

Protests — and mandates — push banks to add more minorities to boards

12/07/20

Efforts to diversify boardrooms have taken on new urgency this year as racial unrest called attention to income inequality and pressure mounted on banks and other publicly traded companies to do something about it.

[more]

Mr. Cooper to pay $91 million to settle CFPB servicing case

12/07/20

The complaint dates back to 2014 state regulator examinations when the company was known as Nationstar.

[more]

New CBA chair's wish list for the Biden administration

12/07/20

It includes simpler Paycheck Protection Program forgiveness and a consistent approach from federal regulators to reforming the Community Reinvestment Act, says Bank of America's Christine Channels, who chairs the Consumer Bankers Association's board.

[more]

Five Star Bank parent to buy insurance agency

12/07/20

Financial Institutions in New York has agreed to acquire Landmark Group, which provides services to the construction, manufacturing, real estate and technology sectors.

[more]

U.S. consumer credit growth slows as credit card balances shrink

12/07/20

U.S. consumer borrowing rose in October by less than forecast, reflecting a decline in credit card balances as the pandemic continued to limit some purchases.

[more]

NCUA names first-ever chief ethics counsel

12/07/20

Elizabeth Fischmann will take on the role later this month and will oversee the regulator's compliance with federal ethics laws, among other responsibilities.

[more]

The new challenger banks: 'A lot of these are going to fail'

12/07/20

Fintech success stories have encouraged investors to back more startups, but newcomers will be hard-pressed to attract enough customers to compete while keeping expenses down.

[more]

Truist bulks up its insurance business

12/07/20

The company's insurance arm, which recently bought a Texas-based insurance tech firm, is on pace to complete five deals this quarter.

[more]

Paul Sarbanes, U.S. senator who co-wrote anti-fraud law, dies at 87

12/07/20

The Maryland Democrat served five terms in the U.S. Senate, a 30-year tenure in which he was chairman of the Senate Banking Committee when it responded to a rash of accounting scandals. He didn’t seek a sixth term and retired on Jan. 3, 2007.

[more]