ABI Blog Exchange

2021-03-03
DMG Bancshares, formed by banking veteran Don Griffith, wants to buy more West Coast banks. For California First, the sale ends a four-year period in which it substantially shrank its loan book after it was ordered to shed leveraged loans.

Read More from: BankThink

2021-03-03
The Small Business Administration is still writing rules for the Paycheck Protection Program two months after its relaunch. Lenders fear they may not have enough time to review those rules before the program’s March 31 expiration date.

Read More from: BankThink

2021-03-03
Some bank regulators are allowing companies that offer digital currencies to apply for a charter, potentially giving them a path to the Federal Reserve system without proper oversight.

Read More from: BankThink

2021-03-03
As government debt swells, the outer limits of what the U.S. can safely borrow are becoming less and less clear.

Read More from: BankThink

2021-03-03
Brian Milton, who ran MUFG Union's digital bank, was named head of banking and would become CEO of Thrivent Bank, which plans to have a digitally focused platform and operate as an industrial loan company.

Read More from: BankThink

2021-03-03
On March 3, 2021, dine-in movie theater chain Alamo Drafthouse Holdings, LLC of Austin, TX filed a petition for relief under Chapter 11
2021-03-03
On March 3, 2021, dine-in movie theater chain Alamo Drafthouse Holdings, LLC of Austin, TX filed a petition for relief under Chapter 11
2021-03-03
Banks have begun inserting new language into loan deals that would require investors to return accidental payments like the one Citigroup made to Revlon's lenders last year.

Read More from: BankThink

2021-03-03
Rodney Hood, a board member and former chairman for the credit union regulator, was selected to fill a seat previously held by Todd Harper, who was recently appointed NCUA chairman.

Read More from: BankThink

2021-03-03
Julie Stackhouse retired last year as an executive vice president at the St. Louis Fed, where she supervised bank holding companies and state member banks in the region.

Read More from: BankThink

2021-03-03
CFPB nominee says he will focus on inaccurate credit reports and borrowers behind on housing payments; the bank is reopening its trading desk as cryptocurrencies gain wider acceptance.

Read More from: BankThink

2021-03-03
In remarks at CUNA’s online Governmental Affairs Conference, the chairman of the National Credit Union Administration called for the creation of new initiatives around compliance for fair credit reporting and truth in lending.

Read More from: BankThink

2021-03-03
I would not make this up, and does NOT surprise me: In a working paper released Monday by the National Bureau of Economic Research, economists Will Dobbie and Jae Song examine 500,000 bankruptcy filings in the United States to measure the effect o

Read More from: Stop Creditor

2021-03-03
The Small Business Reorganization Act of 2019 (the “SBRA”) provides an expedited, simpler and less expensive route through chapter 11 of the Bankruptcy Code for small businesses.

Read More from: Wayne Greenwald, P.C.

2021-03-02
Rohit Chopra, President Biden's pick to lead the Consumer Financial Protection Bureau, told a Senate panel he would do more to protect veterans from foreclosure, empower consumers to dispute data on their credit records and crack down on student-l

Read More from: BankThink

2021-03-02
The industry will have to contend with thin margins on either side of the aisle in Congress and new priorities from regulators, experts said in a panel discussion held as part of CUNA's online Governmental Affairs Conference.

Read More from: BankThink

2021-03-02
For the second time in three years, the Cleveland thrift has received a low score on its Community Reinvestment Act examination for making too few home loans in low-income communities.

Read More from: BankThink

2021-03-02
Cold, hard cash is inevitably going away. Banks have a responsibility to help consumers who don’t have smartphones or even email addresses be prepared, says Shawn Rose, chief digital officer of Scotiabank.

Read More from: BankThink