Bankruptcy Blogs

Underbanked households would benefit from a regulated blockchain

08/26/20

The OCC’s efforts to bring the technology into the financial mainstream could help people in underserved communities more securely execute payments.

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Broadway to become biggest Black-run bank after CFBanc acquisition

08/26/20

The Los Angeles company will remain a community development financial institution when it acquires the parent of City First Bank in Washington.

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FHFA delays refi fee; fintech buys JPMorgan’s Quorum blockchain platform

08/26/20

Fannie and Freddie’s regulator said it will delay imposing the 0.5% fee until December 1; JPMorgan Chase is also making a strategic investment in buyer in the fintech, ConsenSys.

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Why PayPal just deposited $50 million in a small South Carolina bank

08/26/20

"It's on-demand capital for us," Optus Bank's CEO says of the payment company's deposit. The funds are part of PayPal's broader effort to confront race and income inequality.

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Will Citi snafu bring fresh scrutiny to custodial banks?

08/25/20

Citigroup’s $900 million payment blunder in a usually sleepy part of the financial market dominated by a handful of banks has experts wondering if regulators will uncover a deeper problem.

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What is Mark McWatters’ legacy at NCUA?

08/25/20

The former chairman of the National Credit Union Administration served at the agency during a crucial time for regulatory reform and credit union growth, though his tenure also had its share of scandals.

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Fannie and Freddie pushing COVID refi fee to December

08/25/20

The mortgage giants were criticized earlier this month for a plan to charge an "adverse market fee" to protect against losses resulting from the pandemic.

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ConsenSys acquires JPMorgan’s Quorum blockchain technology

08/25/20

The bank will outsource future development of Quorum to the software firm.

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CFPB seeks comment on impact of credit card rules

08/25/20

The agency solicited input on the effects of the CARD Act regulations as part of a statutory requirement that the bureau review policies 10 years after they are implemented.

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Mike Cagney launches blockchain for loan trading. Will banks go for it?

08/25/20

The former SoFi chief’s latest startup, Figure, has created what it says is a transparent marketplace for buying and selling assets. Some banks have embraced the technology, but other blockchain projects have stalled because lenders don't want rivals to see their data.

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