2020-06-01
There is help available during this trying time. The federal Coronavirus Aid, Relief, and Economic Security Act (the CARES Act) passed on March 27, 2020 provides for temporary mortgage and rent relief.
Read More from: The law offices of David M. Offen
2020-06-01
It took a global pandemic to get many baby boomers to bank online. Lenders have taken notice.
Read More from: BankThink
2020-06-01
The agency is trying to get small lenders to help underserved businesses get the loans; although the British government is guaranteeing small-business loans, banks are required to collect on delinquents.
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2020-05-31
How a twentysomething marketing entrepreneur helped transform a small community development financial institution into a digital leader.
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2020-05-31
As noted in a prior Alert, in its order issued April 20, 2020, the Indiana Supreme Court exercised its emergency rule-making authority to order that all Indiana trial courts “shall issue no new orders placing a hold on, attaching, or garnishing fu
Read More from: Krieg DeVault
2020-05-30
The chiefs of some of the biggest U.S. banks called on their workers to fight racism after an unarmed black man died as a result of a white police officer kneeling on his neck, prompting nationwide protests.
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2020-05-29
The Japanese e-commerce giant is taking another run at a U.S. banking charter after receiving feedback from the Federal Deposit Insurance Corp. about its initial application, which was withdrawn earlier this year.
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2020-05-29
Since March, issuers have tightened their criteria for opening new accounts and closed millions of existing ones in hopes of avoiding waves of defaults.
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2020-05-29
The SBA issues guidance on Paycheck Protection Program loan forgiveness; after staffing up for PPP, Bank of America may need to delay investments to meet cost targets; American Express has leaned hard on cloud tech to help employees work at home d
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2020-05-29
Several Senate Banking Committee members from both parties are facing tough reelection challenges in a year when control of the entire chamber — and the banking policy agenda — may be up for grabs.
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2020-05-29
Chairman Jerome Powell said the Federal Reserve's actions during the coronavirus outbreak have been aimed squarely at helping U.S. workers, not Wall Street or wealthier Americans.
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2020-05-29
Many lenders are paying close attention to liquidity and capital ratios. Others are trying to avoid overtaxing employees who process, service and handle forgiveness of the loans.
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2020-05-29
The new regulation is intended as a workaround for banks affected by the 2015 decision that created legal uncertainty for loans sold across state lines.
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2020-05-29
Though he acknowledged working remotely has definite advantages, CEO Michael Corbat says “our goal is to get our employees back."
Read More from: BankThink
2020-05-29
Even after the Fed eased some limitations in April to promote emergency lending, the bank has had to make some “tough choices” to heed the $1.95 trillion growth ceiling set by regulators in the aftermath of its phony-accounts scandal.
Read More from: BankThink