2020-12-21
The pandemic and social unrest made 2020 one of the most challenging years in recent memory, but there is much the industry can learn from the past 12 months.
Read More from: BankThink
2020-12-21
The pandemic has forced Bank of America, Chase, PCSB and other banks to find new ways to maintain connections with their customers and communities.
Read More from: BankThink
2020-12-21
The Pennsylvania senator, who will chair the Banking Committee if Republicans hold their majority, agreed to modify an amendment restricting the Federal Reserve’s emergency powers that Democrats had criticized as too extreme.
Read More from: BankThink
2020-12-21
At least two items on the industry's Paycheck Protection Program wish list were delivered: provisions allowing many existing borrowers to obtain new funding and streamlined forgiveness for loans of $150,000 or less.
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2020-12-21
A long-awaited COVID-relief package in Congress is expected to extend liquidity measures for the industry and provide assistance to consumers that could help lenders avoid rising delinquencies.
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2020-12-21
When Mastercard and Visa cut ties with Pornhub in December, it was abrupt but unsurprising. The banking and payments industries have had a long and conflicted history with adult content.
Read More from: BankThink
2020-12-21
There’s an alarming gap between how small and large banks view the importance of digital engagement, according to a recent survey by Celent and Arizent.
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2020-12-20
A new report from the National Credit Union Administration showed institutions in many states are struggling with a deluge of deposits while their lending opportunities are drying up.
Read More from: BankThink
2020-12-20
The online lender, which raised $240 million, wants to take its artificial intelligence technology for evaluating borrowers to the next level and expand its partnerships with banks, its CEO says.
Read More from: BankThink
2020-12-19
The sweetest words in an otherwise miserable bankruptcy means test are found buried in a long paragraph of §707(b)(2)(A)(ii)(1): The debtor’s monthly expenses “shall include reasonably necessary health insurance, disability insurance and health s
Read More from: Bankruptcy Mastery
2020-12-19
The $10 billion portfolio of what are described as high-quality private student loans will be serviced by Nelnet.
Read More from: BankThink
2020-12-19
It's time to say it loud and clear: the OCC is a problem agency.
Read More from: Credit Slips
2020-12-18
This is the first time the agency has had a vice chairman since 2014.
Read More from: BankThink
2020-12-18
The Federal Reserve's “mid-cycle” assessment — conducted in light of the uncertainty posed by COVID-19 — showed that several banks would maintain just the bare minimum level of capital under hypothetical scenarios.
Read More from: BankThink
Biden’s student loan pledge, Huntington’s TCF deal, banks’ digital scramble: Top stories of the week
2020-12-18
What President-elect Biden’s pledge to forgive student loans means for consumer lenders; Huntington agrees to buy TCF Financial for $6 billion; banks play catch-up as customer shift to digital accelerates; and more from this week’s most-read stori
Read More from: BankThink
2020-12-18
The amendment backed by Sen. Pat Toomey and other Republicans to block the central bank from reviving CARES Act lending facilities has emerged as a flashpoint in congressional negotiations over pandemic relief.
Read More from: BankThink
2020-12-18
Speaking at a virtual event hosted by the Center for American Progress, Federal Reserve Gov.
Read More from: BankThink