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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.

Read More from: BankThink

5 days 5 hours ago

The company is selling common and preferred stock in a private placement.

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5 days 5 hours ago

Michael Corbat told analysts Tuesday that Citi will no longer report Citi Holdings, its erstwhile "bad bank," as a separate entity.

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5 days 5 hours ago

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.

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5 days 5 hours ago

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.

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5 days 5 hours ago

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.

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5 days 5 hours ago

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.

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5 days 5 hours ago

The Pittsburgh company was aided by high-single-digit organic loan growth in addition to an acquisition that was completed in February.

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5 days 5 hours ago

On Sept. 30, 2016. Dollars in thousands.

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5 days 5 hours ago

On Sept. 30, 2016. Dollars in thousands.

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5 days 5 hours ago

Old Glass MarblesThis week the U.S. Court of Appeals for the Second Circuit issued its highly-anticipated ruling in Marblegate Asset Management, LLC v.

Read More from: eSQUIRE Global Crossings

5 days 12 hours ago

next lawyer up bannerIn the world of consumer law, especially with regard to the Fair Debt Collection Practices Act (FDCPA), attorney Dave Philipps is one of the leading lawyers throughout the country. There are a number of very talented and driven consumer lawyers throughout the country and Dave is among that select group. Dave’s depth of cases that he has handled in federal court and at the court of appeals level is astounding. Additionally, Dave has handled a great many class action cases as lead counsel.

Read More from: Bonds & Botes, P.C.

5 days 13 hours ago

Upcoming Committee Formation Meeting:  Tuesday, January 24, 2017, 10:00 am

Case Name: 17-10124 (KJC)

Location:  Sheraton Suites 422 Delaware Avenue Wilmington, DE 19801

Notice of Formation Meeting for Official Committee of Unsecured Creditors can be found here.  Learn more from the First Day Declaration, the Motion for Sale, and the proposed claims agent.

Contact Norman L. Pernick and  Nicholas J. Brannick for more information.

5 days 14 hours ago

The Mortgage Forgiveness Debt Relief Act became federal law in 2007. It allowed taxpayers to avoid income taxes on unpaid mortgage debt, including debt reduced through short sale, mortgage modification or foreclosure. The original Act had been extended through 2016, but it is unclear whether a Trump presidency or Republican-controlled Congress will seek to extend this homeowner protection.

Today, U.S. Senator Debbie Stabenow (D-MI) introduced a bi-partisan bill to extend the Mortgage Forgiveness Debt Relief Act through the end of 2018, but questions remain whether there is enough political will to get this bill to President Trump’s desk or whether he will sign it.

Read More from: Bankruptcy Law Network

5 days 14 hours ago

As expected, Cecere succeeds Davis at regional bank; OneWest is expected to get most of focus at Treasury nominee's confirmation hearing, but First Federal acquisition also raises questions.

Read More from: BankThink

5 days 17 hours ago

Citigroup reported fourth-quarter profit that surpassed analysts’ estimates as trading revenue jumped 31%, more than the bank had forecast last month.

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5 days 17 hours ago

About $12 million of the proceeds will go toward exiting the Small Business Lending Fund.

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5 days 17 hours ago

The Minneapolis company reported gains in lending and fee income, but merit-pay increases and compliance-related spending contributed to higher noninterest expenses.

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5 days 17 hours ago

Commerce Bancshares in Kansas City, Mo., reported higher quarterly results that reflected great credit quality.

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5 days 17 hours ago

The Office of the Comptroller of the Currency could make the Community Reinvestment Act’s spirit relevant in a digital age so long as it builds the right framework for chartered fintech companies.

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5 days 17 hours ago

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