Bankruptcy Blogs

Blend moves further beyond mortgage tech

09/24/20

The company's software can now be used to handle personal loans, credit cards and specialty-vehicle loans.

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Diversity training gaining ground at credit unions

09/24/20

The percentage of institutions in the Best Credit Unions to Work For rankings that provide formalized diversity training continues to rise each year, reflecting a growing awareness of the issue within the industry.

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NYC commercial property crisis signals hazards for local banks

09/24/20

Before the pandemic emptied the city, few lenders benefited from the heady local real estate market as much as regional players New York Community Bancorp and Signature Bank. Now they're becoming a case study for potential trouble from a sudden downturn in the Big Apple's property sector.

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Wells CEO regrets 'insensitive comments'; JPMorgan nears deal to pay $1B fine

09/24/20

Scharf apologizes for June 16 memo saying there was a “very limited pool of Black talent to recruit from”; the penalty would settle the bank’s culpability in its traders’ spoofing practices.

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The Best Credit Unions to Work For with assets from $500M to $1B

09/23/20

How mid-size institutions are making a difference for employees and keeping workers engaged during the pandemic.

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Why won't Congress fix flood insurance?

09/23/20

For decades lawmakers have ignored broad structural flaws in the National Flood Insurance Program, which underpins millions of home mortgages. And the problem is only getting worse.

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Will backlash over Scharf remarks hinder Wells Fargo’s diversity push?

09/23/20

The company has been experimenting with ways to recruit more women and minorities, including a program to hire professionals who had left banking. But CEO Charlie Scharf’s reference to “a very limited pool of Black talent” for important jobs may make it harder for Wells to meet inclusion goals.

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J. Screwed - A Paper

09/23/20

A number of months ago now, I listened to a fun podcast episode on Planet Money titled "J. Screwed" about contract shenanigans by J.Crew, as it was making its way into deep financial distress.  I'm fascinated by the exploitation of contract loopholes in debt contracts. So, of course, I wanted to know more. I went digging into the world of Google.

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Truist sells legacy SunTrust CRE loan-servicing platform

09/23/20

The Charlotte, N.C., company recently closed on a sale of its Cohen Financial platform to SitusAMC.

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OCC reports surge in 'seriously delinquent' mortgages

09/23/20

The agency reported signs of stress on the credit quality in residential loans serviced by seven large banks as a result of the COVID-19 pandemic.

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