The $231 million-asset Virginia bank will also double its legal lending limit when it buys CCB Bancshares.
The bill would help financial institutions with customer due diligence and identifying corporate beneficial ownership of business customers.
The North Carolina company's purchase of Chattahoochee Bank will add a branch and loan production office to its existing operations in northern Georgia.
The Main Street GSE Reform Coalition offered three principles: creating a capital buffer for Fannie and Freddie, continuing with reforms by their regulator and ending the conservatorship that began in 2008.
All 34 banks passed the Fed’s CCAR stress test, fueling industry calls to dial back the intensity of the stress tests. But many of the changes have already been internalized by banks.
Lansing, Mich., is working with area banks to open accounts for people coming out of prison.
The brief supporting field of membership expansion – in the face of a lawsuit by the American Bankers Association – is a sign of continued collaboration between CUNA and NAFCU.
Out of the ashes of the fake-accounts fiasco, heads of business lines became more open to change, an executive at the bank’s innovation group said Wednesday.
The largest banks announced plans to distribute capital back to shareholders after the Fed gave passing grades to everyone following this year’s CCAR stress tests.
Fed chair says post-crisis rules have made financial system safer and shouldn’t be rolled back; Atlanta bank rolls out internal program to other corporations.
Synchrony Financial and Alliance Data Systems are particularly vulnerable to recent shifts in Americans’ shopping habits, according to new research from Moody’s Investors Service.
Borrowers can benefit from more inclusive data and tightening of certain credit file standards, but so far lenders continue to rely on older models.
LendUp is seeking to differentiate itself from competitors by making fast loan decisions and designing its customer experience around the mobile phone.
Many clients have contacted us regarding serial bankruptcy filers-people who filed for bankruptcy two or more times. Since 1984, Congress has been attempting to deal with debtors who took advantage of the automatic stay while making few or no payments to their creditors. This month, we’ll look at how the Bankruptcy Abuse and Creditor Protection Act of 2005 (BAPCPA) enhanced penalties for serial filers.
Penalties Affecting the Automatic Stay
Read More from: Shenwick & Associates
Equifax, Experian, and TransUnion, the nation’s three largest credit reporting agencies, announced back in March of this year that beginning July 1 they will no longer include tax liens and civil judgments on credit reports. (USA Today Article) Typically, this information has appeared on credit reports under a separate section from those sections listing active debts. By removing this information from credit reports, the overall effect could be a nationwide increase in credit ratings beginning soon.
Read More from: Bonds & Botes, P.C.
In re Addams, 564 B.R. 458 (Bankr. E.D. N.Y. 2017) – A lender holding a mortgage on a two unit structure occupied in part and rented in part by a chapter 13 debtor moved to dismiss the case. The lender … Continue reading
Read More from: Bankruptcy-RealEstate-Insights
The refusal by top U.S. banks and credit card companies to respond to investor concerns about gender inequity is in contrast with progress by U.K. banks.
Barclays, Goldman Sachs, HSBC and Morgan Stanley are backing a shared vendor risk management platform. The tough part will be agreeing on a final product.
The Senate is set to begin teeing up housing finance reform discussions at a Banking Committee hearing on Thursday, but many are skeptical that Congress will be able to succeed where it has failed in the past.
Seeking to stay below $50 billion, the regional is selling its origination and servicing businesses.