2020-04-23
Some say the agencies are exacting too high a price to buy loans from the cash-strapped lenders; some small banks hustled in dealing with the Paycheck Protection Program, others are accused of a hustle.
Read More from: BankThink
2020-04-22
Financial institutions could testify before the bipartisan commission overseeing the unprecedented economic aid for industries hit by the COVID-19 pandemic. But without subpoena authority, the panel’s impact may be limited.
Read More from: BankThink
2020-04-22
The office and retail markets could look very different in the aftermath of the coronavirus pandemic. Here's what it could mean for lenders.
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2020-04-22
A backlog has formed since the first round of Paycheck Protection Program funding dried up, threatening to further strain a platform that struggled to handle the initial workload.
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2020-04-22
The Ohio company, which bought United Community Financial in February, will start operating as Premier Bank later this summer.
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2020-04-22
Banks had an opportunity to delay compliance with the new accounting standard, but many opted to move forward to get ahead of credit issues that could arise from the coronavirus outbreak.
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2020-04-22
More than a dozen firms have struck agreements with nine states to provide forbearance to customers struggling to make payments in the midst of the coronavirus pandemic.
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2020-04-22
The Federal Reserve’s Main Street Lending Program is meant to be a lifeline for midsize businesses, but two weeks after its unveiling, those firms and their lenders remain on edge about what strings will be attached.
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2020-04-22
Canada's biggest banks have spent more than $71 billion on technology since the last financial crisis in a bet that clients would eventually become more digitally savvy. The pandemic is hastening that shift faster than they could've expected.
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2020-04-22
New York City pensions are pushing to remove Lee Raymond, JPMorgan Chase's longest-serving director, from the bank's board because of his track record on climate change.
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2020-04-22
Creditors Can’t Garnish Your Stimulus Check- But They CAN Garnish Your Bank Account
Read More from: My AZ Lawyers
2020-04-22
Firms that create virtual assistants for financial institutions are training their bots to answer questions about the pandemic and relieve phone lines from a barrage of customer calls.
Read More from: BankThink
2020-04-22
Responding to pressure from industry groups and members of Congress, the Federal Housing Finance Agency (FHFA) announced on April 21, 2020 that servicers of Freddie and Fannie mortgage loans will only be required to advance four months of missed p
Read More from: Bankruptcy and Restructuring Blog