2020-10-20
On October 19, 2020, New York-based travel services provider smarTours, LLC, who offers “a carefully curated collection of 50 tour packages with airfare from the U.S.,” filed a petition with its parent company, SPST Holdings, LLC, for chapter 11 p
Read More from: Bankruptcy and Restructuring Law Monitor
2020-10-20
On October 19, 2020, New York-based travel services provider smarTours, LLC, who offers “a carefully curated collection of 50 tour packages with airfare from the U.S.,” filed a petition with its parent company, SPST Holdings, LLC, for chapter 11 p
Read More from: Cole Schotz P.C. Bankruptcy & Restructuring Law Blog
2020-10-20
But the FDIC warns that the effects of the pandemic may reverse last year’s gains; Fed chair says it’s more important to get it right than be the first central bank to issue a cybercurrency.
Read More from: BankThink
2020-10-20
Only a few credit unions were open to the public as polling sites in the 2016 election and those numbers are set to be reduced even further this year.
Read More from: BankThink
2020-10-20
As Mark Twain said about the weather, politicians keep talking about it, but nobody does anything.
Read More from: Discharge Student Loan
2020-10-19
Both the Federal Deposit Insurance Corp. and the American Bankers Association are encouraging the industry to offer basic products that could bring more unbanked households into the financial mainstream.
Read More from: BankThink
2020-10-19
The company will close eight locations, noting that customers have been quick to adopt digital channels during the coronavirus pandemic.
Read More from: BankThink
2020-10-19
Southern Bancorp in Arkansas, which raised $35 million in capital from private investors, is out to prove that that community development financial institutions can deliver attractive returns and fulfill their missions to help the underserved.
Read More from: BankThink
2020-10-19
Industry groups have launched new programs that are expected to carry over into 2021, while others are raising new calls for Congress to tackle data security.
Read More from: BankThink
2020-10-19
On October 19, 2020, Street Level LLC d/b/a Hudson Mercantile, a portfolio of fresh & modern studio event spaces in the Hudson Yards district of Midtown Manhattan, filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Ban
Read More from: Bankruptcy and Restructuring Law Monitor
2020-10-19
On October 19, 2020, Street Level LLC d/b/a Hudson Mercantile, a portfolio of fresh & modern studio event spaces in the Hudson Yards district of Midtown Manhattan, filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Ban
Read More from: Cole Schotz P.C. Bankruptcy & Restructuring Law Blog
2020-10-19
MagicCube’s i-Accept is a hardware-free option for accepting card and electronic payments that could appeal to cost-conscious small businesses and open up a new market for banks that provide them payments services.
Read More from: BankThink
2020-10-19
Andrea White, a former VP at Freedom National Bank, was named CEO of the Massachusetts-based credit union, the first time a woman has held that position.
Read More from: BankThink
2020-10-19
Online fraud typically spikes when holiday shopping begins in November, but so-called friendly fraud poses another big threat this year with the pandemic pushing more consumers — and inexperienced merchants — to online sales channels.
Read More from: BankThink
2020-10-19
Citigroup is now the third, and largest, U.S. financial institution to offer the Mastercard True Name feature, which lets customers use their preferred name, rather than their legal name, on credit and debit cards.
Read More from: BankThink
2020-10-19
In an exclusive interview announcing the regulator's new financial inclusion program, NCUA Chairman Rodney Hood explains why the time was right to double down on the agency's efforts to expand access for marginalized communities.
Read More from: BankThink
2020-10-19
Gary Cohn, former head of the Trump administration’s National Economic Council and onetime top executive at Goldman Sachs, says technological changes will continue to make it harder for smaller financial institutions to compete and force many to b
Read More from: BankThink
2020-10-19
Other central banks have considered phasing out cash as they explore digital currencies. Should the idea take hold in the U.S., Federal Reserve Chairman Jerome Powell said it would not replace the physical dollar.
Read More from: BankThink