2021-01-20
On January 6, 2020, the SBA published its 26th Interim Final Rule
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2021-01-20
After a pivotal Supreme Court ruling last year, the Trump administration’s handpicked leader of the Consumer Financial Protection Bureau was widely expected to leave voluntarily or be fired by the new president.
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2021-01-20
The 46th president's agenda for financial regulation is already moving ahead, based on the people he's chosen to put in key roles.
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2021-01-20
In January 2020, we analyzed a split among the Circuit Courts regarding whether a non-debtor holding a debtor’s property on the petition date has an affirmative obligation under section 362(a)(3) of the Bankruptcy Code to return that property to t
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2021-01-20
The credit union announced a $1 million commitment to the New Jersey Education Association spread over 10 years, with the first installment helping expand the group’s Human and Civil Rights Division.
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2021-01-20
Lenders are expecting strong demand for the small business loans, especially for second-timers; a steeper yield curve is helping profits, but stronger loan growth would help even more.
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2021-01-20
After a slowdown in 2020, inventory shortages and other factors could make the months ahead a grind for many lenders.
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2021-01-19
After withdrawing two previous bids, the e-commerce company submitted an application to the FDIC outlining a significantly simpler business model for a proposed industrial loan company.
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2021-01-19
The state agency alleged potential violations of “unlawful, unfair, deceptive or abusive” practices by a dozen companies.
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2021-01-19
The Illinois company will pay $191 million for the parent of Glenview State Bank.
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2021-01-19
Members of the Gunther family who own nearly a third of the company's stock are urging the board to consider strategic alternatives.
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2021-01-19
The pandemic has made for strange bedfellows. Case in point: Western Union and MoneyGram will soon share Walmart as a landlord.
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2021-01-19
In a request for information, the agency sought feedback on how it should prioritize climate risks as part of its supervision of Fannie Mae, Freddie Mac and the Federal Home Loan Banks.
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2021-01-19
LendingClub, poised to be the first U.S. online lender to buy a bank, says the transaction will be completed in early February now that it has received approvals from the Office of the Comptroller of the Currency and the Federal Reserve.
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2021-01-19
Former Fed Chair Janet Yellen told senators that as Treasury secretary she would create a “hub” to examine the effects of a changing climate on financial institutions and create a database of companies' true owners as required by a recent anti-mon
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2021-01-19
Its Marcus unit continues to invest in new products and business lines, delaying its path to profitability, according to Goldman Sachs CEO David Solomon.
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2021-01-19
Payments activity “snapped back” in the fourth quarter and should lift revenue the next few quarters, CEO Brian Moynihan said.
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2021-01-19
President-elect Joe Biden is scheduled to take the oath of office on Wednesday, but other changes that pertain to credit unions are also happening.
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2021-01-19
Todder Moning and Valerie Lancelle, who work in the bank’s innovation group, said they were especially impressed by demos of immersive technology, 5G and ambient computing.
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2021-01-19
Revenue from sales and trading rose 7% to $3.06 billion in the fourth quarter, missing analysts' $3.15 billion forecast. The division, helmed by Jim DeMare, was hurt by unexpected weakness in fixed-income trading.
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