2020-06-15
Lawmakers shouldn't let themselves be misled by a slower pace in personal bankruptcy filings so far this year.
Read More from: BankThink
2020-06-15
Metro Bank is early-stage talks to buy a peer-to-peer lender, aiming to grow in unsecured lending as the troubled British company's mortgage business comes under pressure.
Read More from: BankThink
2020-06-15
Borrowers say getting the loans forgiven is just as complicated as obtaining the money; payment companies are holding some merchant funds in reserve as chargebacks spike.
Read More from: BankThink
2020-06-15
Earlier this year the Indiana General Assembly passed, and Indiana Governor Eric Holcomb signed into law, Senate Enrolled Act 395 (“SEA 395”) amending several provisions of the Indiana Uniform Consumer Credit Code (the “IUCCC” or the "Code”).
Read More from: Krieg DeVault
2020-06-14
Evidence suggests some minority-owned businesses can’t access loans, and the Trump administration is under pressure to report borrower demographics. The issue is gaining attention against the backdrop of protests over the George Floyd killing.
Read More from: BankThink
2020-06-14
Frank Partnoy has an important and unsettling piece in The Atlantic about how CLOs (securitized syndicated loans, in short) mig
Read More from: Credit Slips
2020-06-12
[Update: This is an updated version of an article published on June 5, 2020]
Read More from: Bankruptcy and Restructuring Blog
2020-06-12
The lawmakers cited concerns from small businesses that the current application to have coronavirus relief loans forgiven is “especially burdensome, time-consuming, and costly.”
Read More from: BankThink
2020-06-12
Short answer: yes. The real question is whether you want to.
Read More from: Bonds & Botes, P.C.
2020-06-12
PNC open to deal that would boost assets to $700 billion; banks take hard line against accountants seeking fees for PPP referrals; rush to online banking during coronavirus has hackers salivating, bureau says; and more from this week's most-read s
Read More from: BankThink
2020-06-12
Uwharrie Capital in North Carolina and Valley National in New York used their community connections to seek out small companies in need of loans from the Paycheck Protection Program. They found plenty of them.
Read More from: BankThink
2020-06-12
The success of Isbank's Maxi service is a lesson for all banks: Chatbots, with the right training, can provide the kind of human touch customers need in times like these.
Read More from: BankThink
2020-06-12
Payments processors are keeping a portion of payments as a reserve against potential disputes between cardholders and merchants. Small-business owners say the practice is eating into their profits.
Read More from: BankThink
2020-06-12
Lawmakers should go further than their recent criticism of the Financial Accounting Standards Board's loan-loss rule and just hand over its duties to the Securities and Exchange Commission.
Read More from: BankThink
2020-06-12
Financials drop 8.2% on prediction of low rates through 2022 and dim economic outlook; the largest mortgage originator and a top challenger to traditional lenders has filed what may end up being the year's largest initial public offering.
Read More from: BankThink
2020-06-11
Mobile banking use has swelled since the pandemic hit, and law enforcement officials expect hackers to target the credentials of digital novices.
Read More from: BankThink
2020-06-11
On June 8, 2020, the Federal Reserve Bank of Boston, the administrator of the Federal Reserve’s Main Street Lending Program, released updated term sheets for the three types of loans, “New,” “Priority” and “Expanded,” that will be available under
Read More from: Bankruptcy and Restructuring Blog