2020-08-05
Just as legal limbo has threatened the agency’s long-running effort to create a fintech license, a charter unique to payments companies could face a court challenge, observers say.
Read More from: BankThink
2020-08-05
The Federal Reserve Racial and Economic Equity Act would direct the Fed to consider racial inequality in employment, income and access to affordable credit when making monetary policy and in its regulation and supervision of banks.
Read More from: BankThink
2020-08-04
The global pandemic and stalled trade negotiations have discouraged farmers and ranchers from taking on more debt and made banks uneasy about extending more credit.
Read More from: BankThink
Extra $600 CARES Act Unemployment is Over. Should I Use My Retirement Money to Pay Credit Card Debt?
2020-08-04
Read More from: Levitt & Slafkes LLC
2020-08-04
Besides reauthorizing the Paycheck Protection Program, Congress should upgrade the loan forgiveness process, offer businesses the chance to take out a second loan and ensure the pricing satisfies lenders, bankers say.
Read More from: BankThink
2020-08-04
KeyBank, Regions and others are using self-service portals, robotic processing automation and virtual assistants to digitize the collections process and make it more humane in anticipation of rising delinquencies.
Read More from: BankThink
2020-08-04
Community bank earnings are usually easy to understand, but loan deferrals and modifications as well as the complexities of the Paycheck Protection Program are skewing financial statements.
Read More from: BankThink
2020-08-04
Financial firms could lose access to data that’s critical to their businesses if Congress passes a privacy bill. To change lawmakers’ minds, they need to show how data in the right hands has the power to improve customers’ lives.
Read More from: BankThink
2020-08-04
First Bank of Central Ohio would be based near Columbus, where another group opened a bank last year.
Read More from: BankThink
2020-08-04
Webinar: Mergermarket’s Distressed as Part of a Winning M&A Strategy
Read More from: Gordian Group
2020-08-04
By James M. Berent, Esq.Bernstein-Burkley, P.C. You may not be thinking about next year’s taxes, having just completed your taxes with the extended COVID-19 deadline this past July.
Read More from: Bernstein-Burkley, P.C.
2020-08-04
The bank is siding with its biggest investor, the German government, over its second largest holder, which wants big cost cuts; the EIDL has had to reduce loan sizes to meet huge demand.
Read More from: BankThink
2020-08-03
Lawmakers don't appear ready to relax requirements yet, but they may do so in future legislation in hopes of spurring more bank lending.
Read More from: BankThink
2020-08-03
The marketing and tech-sharing opportunities for Google's eight financial institution partners are captivating despite the risk of data privacy or other issues cropping up down the road.
Read More from: BankThink
2020-08-03
Keith Leggett, a former economist at the American Bankers Association, has overseen Credit Union Watch since 2009.
Read More from: BankThink
2020-08-03
James Gutierrez will remain on the board of directors and is trying to arrange financing to help keep the struggling company afloat.
Read More from: BankThink