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Brave, founded by JavaScript creator and former Mozilla CEO Brendan Eich, intends to issue a cryptocurrency to fund the development of a new way to buy and view digital ads.

Read More from: BankThink

6 days 12 hours ago

None of the initial steps banks can take to modernize business lending are cutting-edge innovation ideas, but they can still improve the borrowing experience, giving businesses fewer reasons to look elsewhere.

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6 days 12 hours ago

NBT Bancorp has spent the last few years introducing digital banking features intended to reach a broad audience.

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6 days 12 hours ago

B of A's Cathy Bessant and Michelle Moore have a few suggestions for women who want to advance and RBC's Janice Fukakusa sets a new pay benchmark for female executives. Plus, Bank of the West's Nandita Bakhshi and Citi's Yolande Piazza.

Read More from: BankThink

6 days 12 hours ago

Card issuers are sounding the alarm about the Consumer Financial Protection Bureau's final prepaid rule, claiming that without fixes the agency has opened the door to potential fraud on unregistered cards.

Read More from: BankThink

6 days 12 hours ago

Accenture has agreed to acquire First Annapolis Consulting in an effort to add payments expertise in several international markets.

Read More from: BankThink

6 days 12 hours ago

At a time when customers are rapidly switching to digital banking, scores of branches are closing. But many institutions — mindful that brick-and-mortar locations remain a critical sales channel — are also experimenting with physical layouts that are focused on technology and generally smaller than traditional branches. In some cases, they have even done away with employees. Here is a look at some of the designs that banks have built as they seek to fuse the physical with the digital.

Read More from: BankThink

6 days 12 hours ago

It took several offers for First Busey to seal a deal to buy First Community Financial Partners, and the details in a recent public filing of the back and forth between the two Illinois banks show how patience in merger negotiations is a must.

Read More from: BankThink

6 days 12 hours ago

Implementation of the second phase of the common securitization platform had been projected for next year, but the anticipated time frame was delayed following "lessons learned" from the first phase.

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6 days 12 hours ago

Citigroup plans to close three of its four London branches as the company seeks to cut costs and focus on digital services.

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6 days 12 hours ago

One of the oddities of Wynn at Law, LLC’s flow of phone calls is this:  A potential client will call within seconds of getting a $180 speeding ticket, but will wait to call until well into buying a $300,000 home. The stakes are so much higher in the latter, and in fact, a real estate attorney on the front end can end up saving you money. Here are four ways how:

1. Wynn at Law, LLC reviews the title.

It’s a history project that reveals covenants on the property, environmental concerns (like our Geneva Lake Watershed), and liens. Any one of these can be costly to the buyer well after the closing.

2. Home Owner Associations

When there’s a Home Owner Association (HOA) it can have a lasting impact on your happiness with your investment. One area of completely subjective info a seller has to his advantage is his opinion of the HOA. “They’re great.” “They’re harmless.” If the HOA was terrible, would they really tell you and possibly scuttle the sale? I look at the more objective – and legally binding – HOA rules before any contract ties you to them. A sale contract most definitely will.

Read More from: Wynn at Law, LLC

6 days 13 hours ago

Good news: structured dismissals have survived Supreme Court scrutiny. Bad news: dismissals may be harder to structure, given yesterday’s 6-2 decision overruling the Third Circuit in Jevic narrowing the context in which they can be approved. We now have guidance on whether or not structured dismissals must follow the Bankruptcy Code’s priority scheme. The short answer is that they must. In issuing a decision that requires absolute adherence to the absolute priority rule outside the context of a chapter 11 plan, the Supreme Court shifted leverage back to hold-out creditors, whose position in the priority scheme must be respected in any structured dismissal approved by a Bankruptcy Court.

6 days 13 hours ago

attorney Heather BanksI tend to be a nostalgic person.  I recall stories in my childhood told by my parents and grandparents about going downtown to the big department stores to shop at Christmas.  Everyone’s stories always included a visit to the candy counter.  I am not old enough to remember any of the downtown establishments they reminisce about except I remember Sears.  I remember it because of one thing, the candy counter.  The downtown location closed when I was still in elementary school and moved to the new local mall that opened.  What a great place!  The mall was “the” place to shop in my childhood.  I have seen my local mall go from awesome to embarrassing.  Sears is one of three anchor stores still in it.  JCPenney, one of the three stores, announced this past week it was leaving my mall.  I’m guessing Sears will not be far behind them.

Demise of Retail

I’ll be the first to admit I’m guilty of contributing to the demise of these retail establishments.  I would much rather shop on-line now.  With kids, work, and life in general, who has time to walk around and shop in one store at a time.  The internet has made it so easy to see goods from many places, compare prices and most businesses offer perks like free shipping and free returns.

Read More from: Bonds & Botes, P.C.

6 days 15 hours ago

Attorney Suzanne ShinnNot too many would be shocked to hear that topping the nation’s list of consumer complaints during the year 2016 would be.

And the Winner IS……….

Illegal Debt Collection Practices

Debt collection efforts by creditors and collection agencies. I’m not sure about the general public, but I can tell you from experience in representing consumers as well as receiving calls made to me for someone else’s debt…..These collectors are relentless! It has been our experience over the years that the greatest relief clients seem to experience when they come in for a consultation is hearing the words: “You may tell your creditors and the collectors to contact our office for any information they need.” In other words, you can now have a reprieve from creditors and collection agencies calling all during the day and night. Most people don’t even answer their phones if they do not know the number, but it’s the interruptions all during the day that can unnerve even the most placid of personalities. According to ABC News, there were 859,090 complaints registered just for debt collection efforts.

Read More from: Bonds & Botes, P.C.

6 days 16 hours ago

Lifebuoy and BusinessmanThe question whether restructuring profits are taxable or not has been answered differently in Germany in the past. However, on 7 February 2017, a decision of the Grand Senate of the Federal Fiscal Court (the “FFC Decision”) was published, in which the highest German tax court declared the Restructuring Decree as unlawful. The FFC found that the administration had acted as legislator violating its obligation to apply the existing law.

Read More from: eSQUIRE Global Crossings

6 days 18 hours ago

 

mortgage debt

Figuring out what you owe on your home loan can be harder than a calculus exam.

For most people, their mortgage is their biggest debt.  And their home is their most important asset.

Yet, the people accounting for your payments are increasingly incapable of the very basics of their job.

Things have changed since the local bank made you a loan to buy a house and collected the payments you made on that loan.

Now, home loans get sold to someone else the moment the deal closes.  The right to collect the loan payments is bought and sold separately from the right to the payment amount.

And increasingly, the servicers make mistakes as they cut  corners to make a buck.

What do you need to know to assess whether your loan servicer has got the numbers right?

6 days 18 hours ago

If chosen as Comptroller of the Currency, Joseph Otting's appointment would be a crucial step in the new administration’s deregulatory efforts.

Read More from: BankThink

1 week 21 min ago

Community banks, which could be the hardest hit if economic tensions between the U.S. and Mexico escalate into a tariff battle, are urging policymakers to refrain from rash action, and big banks are already trimming exposures.

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1 week 21 min ago

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