2020-08-14
Lenders hope Congress grants blanket forgiveness for smaller Paycheck Protection Program loans; fee to shield Fannie, Freddie from COVID losses draws instant backlash; what Trump’s reelection would mean for banks; and more from this week’s most-re
Read More from: BankThink
2020-08-14
The bank has recouped part of the payment, which it blamed on a clerical error, but some of the lenders say they were owed the money in connection with an ongoing dispute.
Read More from: BankThink
2020-08-14
As the Covid-19 pandemic rages on plenty of Americans find themselves with debts they can’t pay. Average treatment costs are between $1000 and $2000, more than enough to send most families into a financial tailspin.
Read More from: Young, Marr & Associates
2020-08-14
As the Covid-19 pandemic rages on plenty of Americans find themselves with debts they can’t pay. Average treatment costs are between $1000 and $2000, more than enough to send most families into a financial tailspin.
Read More from: Young, Marr & Associates
2020-08-14
A proposal to expand consumer protections in the state was added to a budget bill after being dropped in June. Financial institutions say the measure conflicts with federal law and are working behind the scenes to stop it.
Read More from: BankThink
2020-08-14
Devon Bryan, who held similar jobs at KPMG and the Federal Reserve System, succeeds Brian DiPietro, who had been information security chief since 2016.
Read More from: BankThink
2020-08-14
A pilot program that would let banks, credit unions and challenger banks bid to offer financial services within rural and inner-city post offices could be a first step in serving the underbanked while also helping to shore up the U.S.
Read More from: BankThink
2020-08-14
Senate Democrats asked a watchdog to examine whether the bank regulator failed to investigate claims of discrimination against at least six banks.
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2020-08-14
The Canadian bank is doing something few U.S. institutions have done: build an online hub with tutorials designed expressly to simplify the online banking process for newcomers.
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2020-08-14
A pioneer in the commercial mortgage-backed securities market argues the HOPE Act would bail out savvy investors who don't deserve it. Barclays predicts that kind of attitude will make passage difficult.
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2020-08-14
The Pennsylvania company recruited John Montgomery from First Bank in St. Louis to take the helm on Aug. 31.
Read More from: BankThink
2020-08-14
The 50-basis-point charge drew an immediate backlash from mortgage lenders; Mike Roemer is leaving after two years on the job and will be replaced by Paula Dominick of Credit Suisse Americas.
Read More from: BankThink
2020-08-13
Ulule is working with Bank of the West to build name recognition. It hopes to collaborate with other banks and credit unions as it vies with larger companies such as Kickstarter and GoFundMe.
Read More from: BankThink
2020-08-13
The executive shuffle at the company continues as Chief Compliance Officer Mike Roemer quits and Credit Suisse America’s Paula Dominick is hired, according to a Financial Times report.
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2020-08-13
This article orginally appeared in Cranes New York Business on August 13, 2020 at
Read More from: Shenwick & Associates
2020-08-13
The federal banking agencies clarified that minor violations of Bank Secrecy Act rules will typically not result in a cease-and-desist order.
Read More from: BankThink
2020-08-13
On August 13, 2020, Arandell Holdings, Inc., a catalog printing services company, filed a petition for relief under Chapter 11 of the Bankr
Read More from: Bankruptcy and Restructuring Law Monitor