ABI Blog Exchange

2020-07-20
Business models and adaptability will determine the success — or failure — of financial technology companies as they deal with fallout from the coronavirus outbreak.

Read More from: BankThink

2020-07-20
The report from the commission created to monitor the government's response to the pandemic comes as Congress begins negotiations over another round of stimulus.

Read More from: BankThink

2020-07-20
The new consumer deposit product will provide customers a snapshot of the carbon impact of their purchases and offer other incentives to entice the environmentally conscious.

Read More from: BankThink

2020-07-20
Mortgages taken out to fund business operations can now be modified in bankruptcy.

Read More from: BankThink

2020-07-20
This story, Federal Aid Has So Far Averted Personal Bankruptcies, but Trouble Looms Once federal benefits dry up, highly indebted consumers could be forced to file. originally appeared in the New York Times on July 17, 2020 at

Read More from: Shenwick & Associates

2020-07-20
The White House's efforts to loosen equality requirements in lending run counter to the widespread demand for racial justice. Congress must act.

Read More from: BankThink

2020-07-20
   While criminal proceedings are not stayed by the bankruptcy automatic stay, when a creditor files criminal charges simply in an attempt to collect a debt, they may face the wrath of the bankruptcy judge.  This was the case in In re Kimbler

Read More from: Tampa Bankruptcy

2020-07-20
The California company said Russell Colombo "is committed to remaining in the job as long as needed."

Read More from: BankThink

2020-07-20
Trading revenues probably won’t be able to make up for looming credit losses going forward; consumer insolvencies have been held back so far by federal stimulus, which is set to expire.

Read More from: BankThink

2020-07-19
Trump-appointed regulators gave the industry the green light to offer installment loans during the pandemic. But with concerns that the light could turn red in 2021, bankers remain extra cautious.

Read More from: BankThink

2020-07-17
The Warsaw, N.Y., bank said it will close 10% of its branches and lay off 6% of its staff in response to customers’ growing preference for remote banking.

Read More from: BankThink

2020-07-17
While rival banks reported increases in loans and deposits, thanks largely to their participation in the Paycheck Protection Program, State Street and Bank of New York Mellon saw their balance sheets shrink in the second quarter.

Read More from: BankThink

2020-07-17
The Mississippi company said it decided to take aggressive measures to reduce its exposure to energy firms.

Read More from: BankThink

2020-07-17
The Birmingham, Ala., company more than doubled its loan-loss provision from three months earlier and its chief financial officer said that more than half of its loans to oil and gas companies could eventually become criticized.

Read More from: BankThink

2020-07-17
Government stimulus efforts, including the Paycheck Protection Program, have fueled a deposit surge. The challenge for banks is figuring out how to put that new money to use.

Read More from: BankThink

2020-07-17
Wells Fargo buys $14B of delinquent mortgages tied to pandemic; CFPB launches investigation of Quicken Loans real estate affiliate Rocket Homes Real Estate; Truist accelerates cost-cutting plans; and more from this week’s most-read stories.

Read More from: BankThink

2020-07-17
Some 60% of Ally’s auto originations in the second quarter were used-vehicle loans, the highest percentage in the company's history.

Read More from: BankThink