2021-03-15
By Sarah E. Wenrich, Esq. Bankruptcy & Restructuring Associate Keri P. Ebeck, Esq. Bankruptcy & Restructuring Partner On December 27, 2021, the Consolidated Appropriations Act (the “CAA”) made various temporary …
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2021-03-15
By Sarah E. Wenrich, Esq. Bankruptcy & Restructuring Associate Keri P. Ebeck, Esq.
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2021-03-15
The Senate Banking Committee is questioning whether Goldman Sachs Group paid dividends at the expense of lending to businesses and households during the pandemic as lawmakers take a broad look at the support big banks offered clients to get throug
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2021-03-15
Organizers of the proposed Our Community Bank have received conditional approval that requires them to raise $18 million before opening.
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2021-03-15
The Michigan bank is the latest company to have customer data compromised through a software vulnerability. The incident reinforces the importance of attack simulations, constant searches for intrusions and exchanges of intel with peers.
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2021-03-15
The new group is made up of leaders from institutions with assets of $300 million or less and aims to help foster collaboration, mentorship opportunities and more.
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2021-03-15
Bank of America Chief Executive Brian Moynihan said the company is confident in its growth prospects even as competition intensifies from fintechs including Walmart’s startup.
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2021-03-15
Longtime leader John Young plans to retire at the end of 2021, and the credit union has hired Humanidei to find a replacement.
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2021-03-15
There are ways to remove bad actors from the industry — such as reinstating the Consumer Financial Protection Bureau’s payday lending rule and banning certain fees and collection practices — without hindering consumers’ access to emergency credit.
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2021-03-15
Lawmakers this week will continue to discuss extending the Paycheck Protection Program, and the National Credit Union Administration is scheduled to hold its monthly board meeting.
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2021-03-15
With a steady stream of Senate hearings held on the racial wealth gap and inequities in the financial system, the new chairman has set a consumer-focused agenda that leans further left than even past Democratic chairs.
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2021-03-15
The former acting comptroller of the currency will help the technology company move its secure data exchange technology into the financial market.
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2021-03-15
Walter Kaczmarek, who ran the bank from 2005 to 2019, will also serve as interim president following the retirement of Keith Wilton.
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2021-03-15
The Indiana company said the move reflects a need to cut costs and customers' increased preference for digital channels.
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2021-03-15
The Honolulu company said the "non-public, fact-finding inquiry" by the Securities and Exchange Commission focuses on its calculations for earnings per share.
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2021-03-15
Women now account for half of Citigroup's 16-person board, the most of the 20 largest global banks, after Michael Corbat stepped down as CEO and was replaced by Jane Fraser.
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2021-03-15
Payservices would use deposits largely to support its existing business. It has no plans to make loans.
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2021-03-15
The payments processor is now the most valuable private tech company every, surpassing Facebook; some investors are not happy that the bank raised bonuses and CEO pay by 46%.
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