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We are still in the early days of digital finance Â-- but the heated tone of conversations surrounding approaches to data access threatens to keep us there.

Read More from: BankThink

1 day 18 hours ago

Even if the cross-selling scandal is unique to Wells Fargo, banks nationwide will need to prepare for added regulatory scrutiny. Here's how.

Read More from: BankThink

1 day 21 hours ago

Receiving Wide Coverage ...

More pressure on Wells: Two Democrat senators, Elizabeth Warren of Massachusetts and Robert Menendez of New Jersey, asked Wells Fargo's chairman if the board had sufficiently questioned Timothy Sloan about his knowledge of the bank's phony accounts scandal before appointing him chief executive officer. "It is difficult to believe that he had no knowledge of or bears no responsibility for the actions of thousands of Wells Fargo employees creating fake accounts," the...

Read More from: BankThink

1 day 22 hours ago

Bankruptcy Decatur Amy TannerA recent survey conducted by Student Loan Hero, as reported by CNBC, has found that many college students are using some of the student loan money to pay for expenses other than tuition and books.  The survey conducted in September 2016 of over 1000 students,  reports that 2 in 5 students who receive student loan funds use those funds to pay for things other than their education. Jeffrey Trull, Student Loan Hero’s content director, noted that “it’s pretty easy to use your excess funds this way,” Once a student receives their funds from the lender and the tuition is paid, there are no stipulations on how the excess is spent.

Read More from: Bonds & Botes, P.C.

1 day 22 hours ago

South Jersey Debt Relief AttorneysIndividuals who receive Social Security benefits are set to get a slight bump in their monthly payments in 2017, putting many seniors in a bind when it comes to their financial situations. The federal government recently announced that it will be raising the monthly benefits for Social Security recipients through a cost-of-living adjustment (COLA).

The COLA is determined by the federal government’s official measure of consumer prices. In 2016, the government opted not to increase Social Security benefits. However, 2017 will see a COLA due to low inflation numbers. This marks the fifth straight year that U.S. seniors have received either no increase or a minor increase in their Social Security benefits. During that time, the COLA has remained at zero three times.

1 day 23 hours ago

The Wells Fargo scandal is an example of what happens when a system requires you to effectively hand over the keys to your identity to strangers as if you were giving them your car keys. Moreover, it is a call to banks to restore trust and become leaders in fixing the ID problem once and for all.

Read More from: BankThink

2 days 15 hours ago

Mary Mack is beginning damage control as she overhauls Wells' sales culture; Dorothy Savarese talks diversity of bank sizes as she becomes chairman of the ABA; and Elizabeth Warren implores the president to demote Mary Jo White. Also, industry manbassadors talk work-life balance and the importance of flexibility for women as Visa's CEO resigns to devote more time to family. And a couple of small activist firms are taking on gender bias at the world's largest companies.

Read More from: BankThink

2 days 15 hours ago

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On Election Day, the Supreme Court will hear argument in the cases of  Wells Fargo v. City of Miami and Bank of America v. City of Miami. At issue is the standing of cities to sue banks for mortgage redlining and reverse redlining.

The history of redlining is well known. Banks, in concert with the housing agencies of the New Deal, drew lines around minority neighborhoods where no home mortgage loans would be made (or backed by federal agencies). Starting in the 1990s and until the 2008 crisis, subprime mortgage lenders, some of them affiliates of major banks, targeted the same minority neighborhoods for high-cost, high-risk loans. Inevitably, the same minority neighborhoods have been devastated by the recent wave of foreclosures.

Read More from: Credit Slips

2 days 18 hours ago

B. Grant McNuttOnce you have attended your 341 Hearing, that is typically the last hearing you as a Debtor will have to attend.  However, your attorney must attend one final very important hearing called the Confirmation Hearing.  The Confirmation hearing is in essence the final stamp of approval if you will on your Chapter 13 Plan by the Judge.

Read More from: Bonds & Botes, P.C.

2 days 20 hours ago

Rather than continuing to invest in inclusion initiatives that fail to drive diversity, banks should embrace these three programs instead.

Read More from: BankThink

2 days 21 hours ago

Receiving Wide Coverage ...

More trouble for Wells: The California Department of Justice has launched a criminal investigation into Wells Fargo to determine if bank employees engaged in criminal identity theft and false impersonation to open accounts for customers without their permission. "There is probable cause to believe that employees of Wells Fargo Bank unlawfully accessed the bank's computer system to obtain the PII [personally identifiable information] of customers," the state's affidavit said. "The bank's employees...

Read More from: BankThink

2 days 22 hours ago

It is widely accepted that there has been an increase in the number of class actions in Australia; however there have not been many examples o

Read More from: eSQUIRE Global Crossings

2 days 22 hours ago

The response of the [American Bar] Association to that 1976 re-examination of Pound’s criticism was immediate . . . One very important program was aimed at developing alternative methods for resolving disputes.

            –Chief Justice Warren E. Burger, February 12, 1984.

Roscoe Pound, a young man from Nebraska

Roscoe Pound, a young man from Nebraska in 1906, became one of the great deans of the Harvard Law School.  As explained in this article, Chief Justice Warren Burger attributes the beginnings of the modern mediation profession to Roscoe Pound’s 1906 speech to the American Bar Association and a 1976 re-examination of that speech by that same Association.

Read More from: Mediatbankry

3 days 27 min ago

If you file bankruptcy, you want to know if you can keep your home.  You want to know, what is the home bankruptcy exemption? Home Bankruptcy State Exemptions In Michigan Michigan has home exemption choices for folks who file bankruptcy here. Tenancy by entireties is available as one option. That is a fancy legal term [...]

The post Home Bankruptcy Exemption In Michigan appeared first on Detroit Bankruptcy Lawyer Kurt O'Keefe.

Read More from: Stop Creditor

3 days 2 hours ago

Are you facing wage garnishment? Can you afford to have your wages garnished? Many people, just like you, are struggling from paycheck to paycheck just to pay their mortgage or rent, utilities, and groceries. When wages are garnished against a person in this type of financial strain, it may mean that person or family cannot afford groceries or afford to pay their electric bill in full anymore. They end up having to make a sacrifice, choosing what bill or necessity not to pay now, because of the wage garnishment. Are you in this type of situation right now? If so, our East Troy bankruptcy lawyer, Shannon Wynn can help.

Read More from: Wynn at Law, LLC

3 days 19 hours ago

Rather than addressing a pressing need like an economic crisis, a fintech charter would place the federal government in the business of choosing winners and losers in a market, with the potential to distort the banking system.

Read More from: BankThink

3 days 20 hours ago

calculator-1019936_1280-1_optWhat’s a bankruptcy judge to do when the bank’s numbers don’t add up?

The bank files a motion for relief from stay to foreclose on my Chapter 13 client’s home.  They claim he’s months behind.

Only the numbers in their papers don’t add up.

3 days 21 hours ago