2020-06-19
After drawing industry opposition, legislation that would have added broad new borrower protections during the pandemic failed to advance out of the state Assembly.
Read More from: BankThink
2020-06-19
JPMorgan Chase, Fifth Third, Truist among banks closing early to observe Juneteenth; inside the OCC's effort to extract $37.5M from former Wells Fargo execs; banks are at a loss what to do with record amount of funds; and more from this week's mos
Read More from: BankThink
2020-06-19
Activity in the Paycheck Protection Program has waned, but some argue that many small businesses, especially those owned by minorities, will miss out if the June 30 application deadline isn't extended.
Read More from: BankThink
2020-06-19
By Salene Mazur Kraemer, Esq.Partner, Bernstein-Burkley On Monday, June 15, the Federal Reserve launched the long-awaited Main Street Lending Program to support lending to small- and medium-sized businesses with fewer than 15,000 workers.
Read More from: Bernstein-Burkley, P.C.
2020-06-19
On June 16, 2020, the U.S. Department of Treasury (Treasury) and U.S.
Read More from: Bankruptcy and Restructuring Blog
2020-06-19
With money flow suddenly stifled for millions of customers, demand for money management tools has skyrocketed.
Read More from: BankThink
2020-06-19
The senior official said the Federal Reserve’s gauge of a firm’s performance under economic recovery scenarios will affect decisions about its capital distribution, but individual results of the analysis will not be made public.
Read More from: BankThink
2020-06-19
Worried about a lack of demand and that some of their customers are ineligible, community banks are still on the fence about participating in the effort to back loans for businesses recovering from the pandemic crisis.
Read More from: BankThink
2020-06-19
A Tidal Wave of Bankruptcies Is ComingExperts foresee so many filings in the coming months that the courts could struggle to salvage the businesses that are worth saving.
Read More from: Shenwick & Associates
2020-06-19
Kennebec Savings Bank will have $1.3 billion in assets after it absorbs Kennebec Federal Savings and Loan Association of Waterville.
Read More from: BankThink
2020-06-19
Many people struggling with debt fear losing their housing. That concern runs deep, and not just for those who are purchasing homes and fear foreclosure.
Read More from: Bonds & Botes, P.C.
2020-06-19
As the U.S. celebrates Juneteenth, it's imperative that credit unions find ways to ensure all Americans have access to the banking services necessary to thrive.
Read More from: BankThink
2020-06-19
Loan forbearances are wreaking havoc with firms that normally clean up during recessions; the Fed’s latest rescue plan is off to a rocky start as few banks show interest in making the loans.
Read More from: BankThink
2020-06-18
The Pittsburgh-based company said the funds will be used to support community development, minority-owned businesses and charitable organizations that work to promote social justice.
Read More from: BankThink
2020-06-18
From hiring to health care, Vice Chair Anne Finucane shares details about Bank of America’s pledge to address vital needs in minority communities.
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2020-06-18
The Delaware company said it received $22 million in net proceeds after selling 360,000 class B shares.
Read More from: BankThink
2020-06-18
The bank says fraud attempts involving commercial wire transfers have escalated since the outbreak began. It's training employees and customers how to head off the often hard-to-detect scams.
Read More from: BankThink