2021-03-17
Providing incentives for banks to transition legacy loan contracts from the London interbank offered rate to the new Secured Overnight Financing Rate, as New York Gov.
Read More from: BankThink
2021-03-17
On its face, Diaz (Diaz v. Viegelahn , No. 19-50982 (5th Cir. Aug.
Read More from: Bankruptcy Mastery
2021-03-17
JPMorgan Chase scrubbed its bylaws of gender designations as pressure grows from both society and investors on global businesses to show they are diversifying and becoming more inclusive.
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2021-03-17
The State Department has added 14 Chinese lawmakers, including a member of the Communist Party’s ruling Politburo, to a blacklist under the Hong Kong Autonomy Act. Banks face sanctions if they do business with them.
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Read More from: BankThink
2021-03-17
The two banks are pushing back against shareholder requests for sweeping audits of how they handle racial equity as the industry faces mounting public scrutiny of its historic role in economic disparities.
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2021-03-17
By an overwhelming majority, the House approved a two-month extension of the Paycheck Protection Program, which still has almost $93 billion left to distribute.
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2021-03-16
DLP Bancshares, an affiliate of DLP Real Estate Capital, plans to use the acquisition to create a national platform for commercial real estate and warehouse loans.
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Read More from: BankThink
2021-03-16
The company will pay $29 million for Town-Country National Bank in Camden, Ala., which will operate as its own subsidiary after the deal closes.
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2021-03-16
M&F Bancorp in North Carolina plans to use some of the $18 million it received from big banks to make overdue improvements to its commercial lending platform.
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2021-03-16
Seven years after regulators issued guidance to financial institutions, a small Michigan credit union was ordered to stop opening new accounts for marijuana businesses.
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2021-03-16
The company is still searching for someone to fill the roll on a full-time basis, but the $600,000 annual salary cap may limit the candidate pool.
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2021-03-16
Citigroup’s dealmakers have been keeping busy with family offices looking to get in on the blank-check frenzy. Now the lender wants to bring its private bank a piece of the action.
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Read More from: BankThink
2021-03-16
Mastercard and Visa's one-year delay is only a partial victory for retailers, who want the networks to have less power to set rates.
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2021-03-16
Banks have borne the brunt of the criticism from consumers still waiting for coronavirus relief funds to land in their accounts. But the industry says the lag time is the fault of the government and its antiquated payments system
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2021-03-16
The proposed legislation is similar to a package put forward in 2020 and another introduced in the House in 2019.
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Read More from: BankThink
2021-03-16
After postponing enforcement for years, the card brands are implementing an EMV liability shift at fuel stations, which still struggle to make the upgrades necessary for chip-card acceptance.
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Read More from: BankThink