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The Federal Housing Administration chief has already been serving as the acting deputy secretary of the Department of Housing and Urban Development.

Read More from: BankThink

1 week 2 days ago

The banking trade group is asking for an en banc rehearing of its field-of-membership challenge before all 17 judges of the D.C. Court of Appeals.

Read More from: BankThink

1 week 2 days ago

Software creates a portfolio for bank customers that could be designed to support, say, efficient energy sources or refugees and avoid investments clients consider objectionable.

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1 week 2 days ago

Investors expect banks to be honest and transparent about employee wages.

Read More from: BankThink

1 week 2 days ago

The German bank is trying to reverse its reputation for “lousy systems;” the Bakkt platform has failed to attract much trading in its first two weeks.

Read More from: BankThink

1 week 2 days ago

Futurist Lex Sokolin believes buying banking products will be like buying generic pain relievers on Amazon.

Read More from: BankThink

1 week 2 days ago

Most every prospective bankruptcy client tells me “I need my car!” To which I say, you need a car, not the car you are now paying for. How Much Is Your Car Payment? Are you behind? Do you have the required insurance? How much is...

The post But I Need To Keep My Car When I File Bankruptcy!!! appeared first on Detroit Bankruptcy Lawyer Kurt O'Keefe.

Read More from: Stop Creditor

1 week 2 days ago

The industry had welcomed the Consumer Financial Protection Bureau plan allowing debt collectors to use electronic communication, but some worry about the effect of a court decision concerning email correspondence.

Read More from: BankThink

1 week 2 days ago

The firm’s financial woes are mostly a result of overspending, but they have raised questions about how banks’ commercial real estate portfolios might fare if the coworking sector implodes.

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1 week 2 days ago

The Wisconsin company will have 15 branches in its home state after completing the acquisition.

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1 week 3 days ago

The awards gala was a who's who in banking, both at the podium and in the audience. The FHFA settles the sexual harassment complaint involving Mel Watt. And an OCC veteran talks about her career.

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1 week 3 days ago

by Mark Weidemaier & Mitu Gulati

Venezuela’s sovereign bonds differ in ways that should, in theory, be reflected in market prices. For example, depending on the bond, the vote required to modify payment terms through the collective action clause (CACs) varies from 100% (requiring each holder to assent), to 85%, to 75%. Bonds with higher voting thresholds are harder to restructure and one would think prices would reflect this. Two bonds issued by state oil company PDVSA also have legal features that one might expect to have pricing implications. One bond benefits from a pledge of collateral (the PDVSA 2020) and, in consequence, should be priced higher than otherwise-comparable bonds. A second was issued at a particularly large original issue discount (OID); this is a potential legal defect that should lower its price. This is the so-called “Hunger bond” (PDVSA 2022 —see here, here and here for more)).

Read More from: Credit Slips

1 week 3 days ago

The company has agreed to buy a portfolio of commercial loans from Santander Bank.

Read More from: BankThink

1 week 3 days ago

Sunil Chandra's job will be to guide the fintech's international expansion. It says 12 banks are using its small-business lending platform, including three in the United States.

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1 week 3 days ago

Community banks will likely face questions about mortgage lending, deposit gathering and M&A during earnings calls.

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1 week 3 days ago

On September 11, 2019, the Delaware district court affirmed the bankruptcy court’s decision to expunge a proof of claim filed by a claims trader in the Woodbridge Group of Companies, LLC bankruptcy case.  The court’s holding was based on three primary legal conclusions:  (1) the anti‑assignment provisions in the underlying loan agreements and promissory notes were enforceable under Delaware law; (2) the debtors’ pre-petition breach of the loan agreements did not bar the debtors from relying on the anti-assignment provisions; and (3) the Uniform Commercial Code (“UCC”) did not render the anti-assignment provisions unenforceable.  This decision could have a major impact on the claims trading business and should be closely examined and analyzed by claims traders.

I.  Background

Read More from: eSQUIRE Global Crossings

1 week 3 days ago

Susan French, head of product at BBVA Open Platform, discussed the bank's vetting of fintech partners and how it deals with the competitive threat that their products present.

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1 week 3 days ago

On Jun. 30, 2019. Dollars in thousands.

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1 week 3 days ago

Ziv Biron succeeded Uri Levin, who was named CEO of Discount Bank, IDB's Israeli parent company.

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1 week 3 days ago

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