Read More from: Mediatbankry
Zombie debt is debt that never dies. What keeps zombie debt alive? The multi-billion dollar debt buying industry. We live in an age of core competence and outsourcing. So, VISA and Mastercard and other big creditors make minimal efforts to collect overdue accounts, and then, sell them. For pennies on the dollar, of course. Why [...]
Read More from: Stop Creditor
The $190 million deal would push Renasant above the $10 billion-asset regulatory threshold.
Achieving the coveted “top of wallet” status is tough for banks, not least because their own credit and debit cards often compete with one another for priority status with the same customers.
While the Trump administration could relax other bank regulations, it is unlikely that it would ease up when it comes to money-laundering compliance.
Navient Corp. was sued by a U.S. regulator over allegations that the student loan giant "systematically" cheated borrowers.
Kim Ruth once served as a state president for Bank of America in Texas.
Steven Mnuchin's time as OneWest CEO is expected to draw ample attention at his nomination hearing, but it will not be the only issue to come up as senators try to gauge how he would lead President-elect Trump's financial policies.
And the next HUD chief might eventually rescind it altogether.
The head of the New York Department of Financial Services did not mince words Wednesday in criticizing a proposed federal fintech charter.
Andy Cecere is the new CEO-in-waiting at the Minneapolis bank, but interest in his future plans took a back seat as investors and others tried to get their heads around why the current boss, Richard Davis, is choosing to leave seven years before the typical retirement age.
A House Republican report, charging that Consumer Financial Protection Bureau Director Richard Cordray "may have broken the law" when the agency cracked down on auto lenders, appeared to escalate the GOP's clash with the agency.
Matt Machen, who previously served as the company’s president, has been at Bear State since 2011.
The Justice Department claims the bank, which has received “satisfactory” ratings in its last four CRA exams, is failing to serve minority neighborhoods around Minneapolis.
The company is selling common and preferred stock in a private placement.
Michael Corbat told analysts Tuesday that Citi will no longer report Citi Holdings, its erstwhile "bad bank," as a separate entity.
The Consumer Financial Protection Bureau and two states on Wednesday sued the nation's largest student loan servicer, Navient, for allegedly systematic failures in processing loan payments and failing to enroll borrowers in less expensive repayment plans.
Rising interest rates typically cause lenders to relax underwriting guidelines. The incoming administration promises to deregulate. Sounds like a combustible mix, but there's ample room to loosen credit without returning to the practices that caused the crisis.
Justin Newton, founder and CEO of Netki, discusses the barriers to commercialization of bitcoin, how his startup is trying to solve the problem, why private blockchains are useful and why public ones will eventually become more valuable.
In a candid, in-depth exit interview, Ted Tozer discusses Ginnie Mae's growth during his seven years at the agency's helm, the need for comprehensive housing finance reform, big banks' retreat from mortgages, counterparty risk management and more.