Wells Fargo's campaign to rebuild customer and shareholder trust just hit another bump, as the bank said it may have pushed thousands of car buyers into loan defaults and repossessions by charging them for unwanted insurance.
Readers react to the CFPB’s final arbitration rule, a new potential hurdle for initial coin offerings, a housing finance reform proposal and more.
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It is only a matter of time before bankers and policymakers realize that the concept keeping banks and non-financial entities apart no longer has any underlying support.
The company has agreed to buy Puget Sound Bancorp to expand in a competitive, fast-growth market.
The company will also gain $260 million in loans and $180 million in deposits from Banner Corp.
Advancements aimed at speeding the flow of information by eliminating manual processing are helping the global custody bank attract new clients and win more business from existing ones, fueling revenue growth and improving efficiency.
Up to now, the most successful fintech firms have tried to fill gaps in underserved market, not replace banks. But a new crop of U.K. startups seeking bank charters is turning up the heat.
The fine for BTC-e was the Treasury’s first action against a money-services business located in a foreign country, and the second against a virtual currency exchange.
The Detroit company is capitalizing on other banks' retreat from the auto sector.
Through the partnership, Clarity Money customers can use Acorns’ automated investing features, while Acorns users can see a snapshot of their investing activity in the Clarity app.
Luring developers from Silicon Valley and cloud computing are among the bank’s strategies for staying competitive in a changing tech environment.
Lustig, Glaser & Wilson often harassed the wrong consumers, demanded amounts that were not owed, bullied consumers into paying from exempt income, and failed to obtain legitimate documentation of those debts, state officials said.
Valley National's latest acquisition would make it a much bigger player in Florida and provide a platform to write more auto loans. Both markets present attractive returns but high risks.
Financial regulation is too complex and needs to be retooled to improve access to credit, President Trump’s nominees to two top banking regulators told Capitol Hill on Thursday.
The New York Times explores why we lack female CEOs, Uber considers Bank of America’s Anne Finucane for its CEO spot, and State Street’s head of corporate governance explains its push for gender diversity on boards. Plus, who needs a hero?
Profits rose 20% at the Texas bank, but net interest margin growth last quarter, and the bank’s margin outlook for the rest of this year, disappointed analysts and investors.
Regulators have near consensus that parts of the Volcker rule need to change. But it's not clear whether the fixes being contemplated will have a big impact.
According to the U.S. Bankruptcy Code, Chapter 7 bankruptcy will, in most cases, discharge an individual’s debt. In fact, it is estimated that a discharge of debt is received in 99 percent of Chapter 7 bankruptcy cases. This form of bankruptcy is often referred to as “straight bankruptcy” or a “fresh start.”
A Chapter 7 bankruptcy case begins when you file a petition in bankruptcy court where you live. Within this petition and associated forms, you will be asked to provide a list of all creditors and the amount and nature of their claims; the source, amount and frequency of the your income; a list of all of your property; and a detailed list of your monthly expenses. Filing this petition automatically stops most collection actions against the individual and his or her property.
Not all debts are eligible for discharge. Some of the debts that can’t be discharged in a Chapter 7 bankruptcy case include child support or alimony, certain taxes, educational benefits such as government-issued student loans and debts due to personal injury or wrongful death claims against the debtor. Chapter 7 bankruptcy is a good option for those with unsecured debts such as credit card debts or medical bills.
Read More from: Chris Wesner Law Office LLC
Money issues are among the top reasons for marital problems. In fact, couples fight more about money than they do about any other issue, according to Money Magazine. Whether the issues were caused before or during the marriage, financial issues are a major point of stress and contention among even the most secure couples. In many cases, financial issues get so bad that they go on to end a relationship altogether. But it doesn’t stop there, a divorce isn’t free – neither is the emotional and financial turmoil that comes with it. So on top of ending a relationship, couples often spend even more in divorce proceedings, which often leads to more financial issues and resentment.
Read More from: The Law Office of Joel R. Spivack