ABI Blog Exchange

2021-03-08
Ten companies this week joined the American Fintech Council, which debuted March 3 after the Marketplace Lending Association and Online Lending Policy Institute combined.

Read More from: BankThink

2021-03-08
The 2021 increase to California’s homestead exemption to up to $600,000 stands to change the legal and economic relationship of guarantors with their lenders and vendors who make loans or sell goods or services on credit.
2021-03-08
The Virginia-based credit union has appointed Executive Vice President Lisa Lambrecht as a temporary successor to former President and CEO Delbert Lee Morgan, following his move to Pen Air FCU.

Read More from: BankThink

2021-03-08
Goldman Sachs is evaluating what to do with about $29 billion of debt and preferred stock it issued that’s pegged to dollar Libor and doesn’t mature until after the discredited benchmark expires in mid-2023.

Read More from: BankThink

2021-03-08
The comments by Federal Deposit Insurance Corp. Chair Jelena McWilliams published in Politico reinforce optimism that the banking agencies could settle years of disagreement about modernizing the Community Reinvestment Act.

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2021-03-08
“We were already shifting to recruiting more problem solvers than people handling transactions,” said Robert Fisher, CEO of Tioga State Bank in New York and incoming chairman of the Independent Community Bankers of America.

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2021-03-08
The industry saw deposits rise by nearly 20% last year, in part due to economic stimulus measures from the government. More of the same could be coming once President Biden signs the latest stimulus bill into law.

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2021-03-08
On March 8, 2021, CarbonLite Industries LLC and several affiliates, which operate the world’s largest bottle-to-bottle recycling company, filed
2021-03-08
On March 8, 2021, CarbonLite Industries LLC and several affiliates, which operate the world’s largest bottle-to-bottle recycling company, filed
2021-03-08
HoldCo Asset Management, which gains two board seats from a standstill agreement, had expressed disappointment that the Boston company hired a CEO instead of pursuing a sale.

Read More from: BankThink

2021-03-08
Nonbanks had worried the end of the Paycheck Protection Program Liquidity Facility would hurt their ability to lend to small businesses. On Monday, the Federal Reserve announced the facility would be extended for three months.

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2021-03-08
PayPal Holdings Inc. said it will acquire the cryptocurrency firm Curv as it seeks to beef up its talent pool for handling digital currencies.

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2021-03-08
In "Democracy Declined," Duke public policy professor Mallory SoRelle argues that policymakers should be more aggressive in combating unfair lending practices.

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2021-03-08
On March 7, 2021, Medley LLC, a New York, NY-based financial services company, filed a petition for relief under Chapter 11 of the Bankrupt
2021-03-08
On March 7, 2021, Medley LLC, a New York, NY-based financial services company, filed a petition for relief under Chapter 11 of the Bankrupt
2021-03-08
Labor said it’s satisfied with the changes the bank has made to hire more Black managers; the exit of nine senior executives reflects the move away from a partnership approach.

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2021-03-08
Stephen Calk, who is scheduled to face trial in June on bribery charges, allegedly reversed course on whether to make a multimillion-dollar loan to Trump’s campaign chairman following the then-president-elect’s surprise victory in November 2016.

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2021-03-08
Lending slowed, credit allowances mounted and return on assets as well as other performance ratios weakened, according to year-end figures from the credit union regulator.

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