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.
Read More from: BankThink
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
2020-12-18
On December 18, 2020, Hollywood, FL-based 85 Flatbush RHO Mezz LLC and two subsidiaries, the owners of a twelve-story, mixed use property in Brooklyn, NY consisting of a 174 room boutique hotel on the first 6 floors (known as the Tillary Hotel Bro
Read More from: Cole Schotz P.C. Bankruptcy & Restructuring Law Blog
2020-12-18
On December 18, 2020, Hollywood, FL-based 85 Flatbush RHO Mezz LLC and two subsidiaries, the owners of a twelve-story, mixed use property in Brooklyn, NY consisting of a 174 room boutique hotel on the first 6 floors (known as the Tillary Hotel Bro
Read More from: Bankruptcy and Restructuring Law Monitor
2020-12-18
The spending plan passed in a party-line vote, but board member Todd Harper's objections indicate he could push for closer oversight if President-elect Joe Biden elevates him to the chairmanship.
Read More from: BankThink
2020-12-18
The agency's rule outlines steps collectors must take to inform consumers about an outstanding debt, and prohibits companies from pursuing lawsuits after a statute of limitations has ended.
Read More from: BankThink
2020-12-18
Bank and credit union groups are pushing to include the industry’s front-line workers in the next priority group, but even as a recommendation is coming soon from a CDC advisory panel, the decision ultimately will be made state by state.
Read More from: BankThink
2020-12-18
A recent ruling from the United States District Court for the Southern District of New York sent shock waves through the legal and financial community, with some shouting that this “could be a gamestopper for the private equity business.”1 Althoug
Read More from: Business Finance & Restructuring News - Weil
2020-12-18
Moore led development of Bank of America's virtual assistant, Erica, and was American Banker's Digital Banker of the Year in 2017.
Read More from: BankThink