Legal

March 29, 2016

Should Marketplace Lenders Draw on Geographical Data?

The fast-growing online lending business has brought a new twist to one of the most sensitive topics in lending: geography. Lenders, including online services known as “peer […]
March 25, 2016

Collector Accused of Stealing $1M in Debts

Alan Ceccarelli, a Buffalo, N.Y.-based debt collector, allegedly misled and coerced thousands of people into paying debts they possibly didn’t owe, according to a 41-count grand […]
March 18, 2016

CFPB Recovers $14.3 Million for Consumers

The Consumer Financial Protection Bureau (CFPB) released its latest supervision report where the exams of banks and non-banks resulted in the remediation of $14.3 million to approximately 228,000 […]
March 15, 2016

What Banks Can Learn From the IRS Data Breach

The IRS recently acknowledged that the number of taxpayers whose information has been stolen by hackers through its systems is 724,000 – more than double the […]
March 10, 2016

Consumer Bankruptcy Filings Down; Commercial Filings Up

Total U.S. bankruptcy filings decreased just 1% in February from the same period last year, according to data provided by Epiq Systems, Inc. Bankruptcy filings totaled […]
March 7, 2016

Some Advisers Aren’t Reporting Cyber Breaches

Many advisory firms are playing with fire by failing to report to regulators cybersecurity breaches, both big and small, experts say.  “What we see firms are […]
March 1, 2016

Banks’ Biggest Cyber Threat Might Be ‘Human Element’

In the battle against cybercrime, investing in people is just as important as investing in technology.  Cybercriminals are increasingly targeting individual bank employees to get access inside the […]
February 24, 2016

Banks Speed Up Repo/Foreclosure Process

Banks are still holding on to scores of delinquent mortgages that date to the real estate crash, but a surge in home values across the country […]
February 23, 2016

Financial Crisis Continues to Affect Some Jobs

The nation’s overall employment picture may be improving, but that’s not the case for some of the highest paying positions on Wall Street before the financial […]