2020-05-08
Mortgage rates are at record lows, but borrowers hoping to take advantage are running into the toughest loan-approval standards in years.
Read More from: BankThink
2020-05-08
The SBA's long-standing Economic Injury Disaster Loan program has been so overwhelmed with applications that the agency has capped loan sizes; ECB finding few takers for a program in which it pays banks to make business loans.
Read More from: BankThink
2020-05-07
Up to 12% of loans under the $660 billion small-business rescue program could be tied to misleading or completely phony applications, fueling concerns about lenders' potential liability.
Read More from: BankThink
2020-05-07
The U.S. Department of Treasury (Treasury) and U.S.
Read More from: Bankruptcy and Restructuring Blog
2020-05-07
On Thursday April 30, 2020, the Board of Governors of the Federal Reserve Board released a new revised term sheet for the Paycheck Protection Program Liquidity Facility (“PPPLF”). Under the facility, the Federal Reserve Banks will lend to eligibl
Read More from: Bankruptcy and Restructuring Blog
2020-05-07
Frank Bisgnano, who engineered a technology-driven recovery at First Data before it was acquired by Fiserv last year, will shortly take Fiserv's top job as the company forges its coronavirus strategy.
Read More from: BankThink
2020-05-07
Through its partnership with SpringFour, a fintech BMO Harris mentored in 2017, the Chicago bank is referring customers — including many hurt by the pandemic — to reputable nonprofits to help with job training, financial assistance and more.
Read More from: BankThink
2020-05-07
Lenders that scrambled to grant forbearance as the coronavirus pandemic took hold are unsure about the extent of potential losses.
Read More from: BankThink
2020-05-07
The OCC is plowing ahead on plans to modernize the Community Reinvestment Act, but a growing consensus of industry and community voices says now is not the time for a major overhaul.
Read More from: BankThink
2020-05-07
May 5, 2020Written By: Smith Debnam Narron Drake Saintsing & Myers, LLPJD Supra
Read More from: Shenwick & Associates
2020-05-07
Small Business Reorganizations under New Subchapter V of Chapter 11 of the Bankruptcy Code
Read More from: Shenwick & Associates
2020-05-07
Business owners who took out loans under the Paycheck Protection Program thought converting them to grants would be easy. It’s not.
Read More from: Shenwick & Associates
2020-05-07
Coronavirus has taken bankers out of their comfort zone. But they should view adaptations they’ve made in confronting the pandemic as a chance to hone their emergency response skills, not a permanent new normal.
Read More from: BankThink
2020-05-07
The European Union is taking another small step toward setting up a common authority to fight money laundering in the bloc, after a string of revelations over the last two years exposed fundamental flaws of its framework.
Read More from: BankThink
2020-05-07
Each month members of Gordian Group team pick articles, posts or current news events that we found interesting and worth sharing with Gordian clients and our growing network .
Read More from: Gordian Group