2020-10-20
The Ohio company's new effort will commit $25 million in 7(a) loans, along with fee waivers and financial education.
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2020-10-20
The Dallas bank has begun encouraging larger borrowers to seek forgiveness of Paycheck Protection Program loans first as it holds out for the government to streamline the process for loans below $150,000.
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2020-10-20
Regulators said they will allow banks to deduct Treasury securities — a source of market volatility in the pandemic — from the net stable funding ratio on the same day they provided relief from auditing requirements.
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2020-10-20
The new policy will allow the company to close some work sites and reduce the size of others. It’s part of a broader effort to cut expenses to help offset revenue declines brought on by the coronavirus pandemic.
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2020-10-20
The hiring of Rania Llewellyn comes a little more than a month after Jane Fraser was named Citigroup's chief executive, which will make her the first female head of a big Wall Street bank.
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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.
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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.
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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.
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2020-10-19
The company will close eight locations, noting that customers have been quick to adopt digital channels during the coronavirus pandemic.
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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.
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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.
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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