ABI Blog Exchange

Bankr. M.D.N.C.: Service Pursuant to Federal Rule of Bankruptcy Procedure 7004

FDIC Chairman Discusses FinTech and Bank Innovation

At the recent FDIC conference, “Fintech: A Bridge to Economic Inclusion,” FDIC Chairman Jelena McWilliams remarked that while the proportion of U.S. households that were banked in 2019 was 94.6 percent, 7 million households still reported no banking

CFPB and Georgia AG Settle With Debt-Relief Company

On June 29, the CFPB and the Georgia Attorney General’s Office settled with a debt-relief and credit-repair company and its owners for allegedly deceiving consumers into hiring the company to lower or eliminate credit-card debts and improve consumers

DFS Settles with Indirect Auto Lenders to Resolve Fair Lending Violations

On June 29, NYDFS announced that two New York-charted banks engaging in indirect auto lending will pay civil money penalties for violating New York’s fair lending law for engaging in practices that resulted in members of protected classes paying

CFPB Issues Summer 2020 Supervisory Highlights

On June 29, the CFPB released its summer 2021 Supervisory Highlights. The findings of the report, which cover examinations that generally were completed between January 1, 2020 to December 31, 2020, are issued to “help institutions and the general

Backlash over Chime account closings highlights risks in fraud detection

Quorum Federal Credit Union promotes president to CEO

Northeast Credit Union names Chris Parker president and CEO

New Look and Regis from a UK Insolvency Practitioner’s Perspective

In our second alert in the series we consider the key takeaways for UK insolvency practitioners following the CVA challenges in New Look and Regis. Our alert considers the following: Nominee’s duties Risks to fees Disclosure requirements Discounts

Former gas station tycoon pumping up Texas bank

Buy now/pay later has many consumers worried

Wordline adds handprint biometrics for mobile payments

ESG isn’t just PR — it’s the new frontier in risk management

Fintech Wise advances in direct listing in win for London

Separate Finances Doesn’t Protect Spouse From Financial Disaster

By keeping separate finances, this California couple thought they had insulated the wife from the financial woes of her entrepreneur husband. They didn’t share bank accounts nor credit cards while she carefully kept her distance from his business

New Chapter 11 Filing – MatlinPatterson Global Opportunities Partners II L.P.

Late on July 6, 2021, MatlinPatterson Global Opportunities Partners II L.P., along with several affiliates, filed a petition under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the Southern District of New York (Lead Case No. 21-11255

New Chapter 11 Filing – MatlinPatterson Global Opportunities Partners II L.P.

Late on July 6, 2021, MatlinPatterson Global Opportunities Partners II L.P., along with several affiliates, filed a petition under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the Southern District of New York (Lead Case No. 21-11255

These 10 banks are rethinking overdraft fees. Here's why and how.

Shake-up at OCC: Supervision teams will report to agency's chief

Quitting while ahead: CF Bankshares exits consumer-direct mortgages