ABI Blog Exchange

2020-06-03
New York State regulators may bring an enforcement action against the German bank as early as this month; Wells Fargo’s decision to stop making loans to the dealers has more to do with credit quality than asset limits.

Read More from: BankThink

2020-06-02
Tyrie has advanced Bank of America’s virtual assistant Erica and rolled out easier-to-use digital products that resonate strongly with customers.

Read More from: BankThink

2020-06-02
The consumer bureau said Approved Cash Advance improperly collected amounts that were five times higher the legitimate fee schedule disclosed to borrowers.

Read More from: BankThink

2020-06-02
The program is intended to aid businesses hit hard by pandemic-induced lockdowns, but lenders are lobbying to have the rules relaxed to help owners of stores and offices damaged by recent riots and looting.

Read More from: BankThink

2020-06-02
The changes being sought would benefit both small businesses and banks, which would avoid the cost of servicing many low-yielding loans.

Read More from: BankThink

2020-06-02
Members of both parties raised concerns that the requirements for participating in the Municipal Liquidity Facility and Main Street Lending Program are too restrictive to benefit smaller localities and certain midsize firms.

Read More from: BankThink

2020-06-02
The format was knocked out of wack a little when transferring to documents here. Sorry about that. You will find two documents here. First, the Motion for Summary Judgment filed in the Office of Administrative Hearings.
2020-06-02
The new product, which comes as an earlier partnership with the online lender Kabbage is sputtering, figures to appeal to companies with tight cash flows.

Read More from: BankThink

2020-06-02
An interagency notice meant to encourage lenders to offer small consumer loans also provides federal agencies too much say on what constitutes “reasonable” pricing.

Read More from: BankThink

2020-06-02
The funds will be used to support housing, job training and aid for small businesses in communities that have been disproportionately affected by the pandemic.

Read More from: BankThink

2020-06-02
The Georgia company said the agency is looking at its policies for paying, or withholding, Paycheck Protection Program fees to borrowers' agents.

Read More from: BankThink

2020-06-02
Brian Brooks says coronavirus mandates, such as masks, could potentially harm banks; some recipients of the Treasury prepaid cards don’t believe they are for real.

Read More from: BankThink

2020-06-02
With no way of knowing just how many borrowers will need the mods after the coronavirus forbearance period ends, lenders are deploying artificial intelligence and servicing protocols to tame the ferocious piles of paperwork awaiting them.

Read More from: BankThink

2020-06-02
“No I don’t have any assets, it will be an easy bankruptcy case

Read More from: Stop Creditor

2020-06-01
The rescue bill enabled banks to protect loans in forbearance from an immediate hit to a borrower’s credit report, but experts say affected consumers may have trouble getting loans after the pandemic ends.

Read More from: BankThink

2020-06-01
Competition over virtual currency could alter politics and global power structures, potentially to the detriment of the U.S., the author of "The Currency Cold War" argues.

Read More from: BankThink

2020-06-01
Many of the cultural changes instituted by Hisham Salama, one of American Banker’s 2020 digital bankers of the year, have led to a more agile tech team and higher customer satisfaction scores.

Read More from: BankThink

2020-06-01
Bankers spent Monday cleaning up damaged branches, wondering if their small-business clients will need more emergency aid and contemplating how the racial and economic inequalities highlighted by days of violent protests nationwide can be correcte

Read More from: BankThink

2020-06-01
A married person can file bankruptcy alone or jointly with his or her spouse. The better option depends on circumstances such as:

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