2021-03-23
Lawyers defending two men accused of defrauding banks into processing pot purchases said banks including Citigroup and Bank of America were happy to look the other way when customers used their credit and debit cards to buy marijuana online.
Read More from: BankThink
2021-03-23
On March 22, 2021, Ninety-Five Madison Company, LP of New York, NY filed a single asset real estate petition under Chapter 11 of the Ba
Read More from: Bankruptcy and Restructuring Law Monitor
2021-03-23
On March 22, 2021, Ninety-Five Madison Company, LP of New York, NY filed a single asset real estate petition under Chapter 11 of the Ba
Read More from: Cole Schotz P.C. Bankruptcy & Restructuring Law Blog
2021-03-23
Powell says the Fed won't move forward without approval from Congress; the Fed's vice chair for supervision tells banks not to use the tainted benchmark on any new deals after this year.
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Read More from: BankThink
2021-03-23
Billion Dollars Of Student Loan Debt Forgiven –
but that is only 72,000 borrowers.
Read More from: Discharge Student Loan
2021-03-22
Large banks that counted on airline and hospitality points to drive loan growth in the credit card business are anticipating renewed demand once safety concerns subside.
Read More from: BankThink
2021-03-22
Banc of California, which last bought a bank in 2013, has agreed to pay $235 million in stock in this in-state deal.
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Read More from: BankThink
2021-03-22
The 14 lenders that dominate U.S. credit cards slashed $99 billion from their customers’ spending limits in 2020, mostly affecting financially troubled households.
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Read More from: BankThink
2021-03-22
Legacy contracts using the London interbank offered rate — which is set to be phased out at the end of this year — were granted a reprieve to mid-2023.
Read More from: BankThink
2021-03-22
The depositor-owned banks are discouraged from participating in the Emergency Capital Investment Program because they can't issue preferred stock to back loans for underserved communities.
Read More from: BankThink
2021-03-22
Unfortunately, there are people throughout Pennsylvania who have worked for their employer for years who suddenly find themselves laid off from their job.
Read More from: Young, Marr & Associates
2021-03-22
Early in the pandemic, Michigan's Astera Credit Union realized that if it could not support touchless transactions, its members were likely to go elsewhere.
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Read More from: BankThink
2021-03-22
Democratic leaders are encouraging the Federal Reserve to develop its own digital currency to expand financial services access. Chair Jerome Powell indicated the central bank plans to take a methodical approach.
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Read More from: BankThink
2021-03-22
The Secured Overnight Financing Rate stemmed from years of discussion between regulators and a broad group of industry stakeholders about a safer alternative to Libor.
Read More from: BankThink
2021-03-22
The fintech, which has applied for a California banking license and federal deposit insurance, aims to become a full-service online bank for 1 million Americans by year-end, says Ron Oliveira, its U.S. chief executive.
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Read More from: BankThink
2021-03-22
Timothy Collia will step down from the Portsmouth, N.H.-based institution later this year. A search for his successor is already underway.
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Read More from: BankThink
2021-03-22
By Keila Estevez Associate, Bernstein-Burkley, P.C. Keri Ebeck, Esq. Partner at Bernstein-Burkley, P.C. On December 27, 2020, the Consolidated Appropriations Act of 2021[1] (the “Appropriations Act”) was enacted.
Read More from: Bernstein-Burkley, P.C.
2021-03-22
By Keila Estevez Associate, Bernstein-Burkley, P.C. Keri Ebeck, Esq. Partner at Bernstein-Burkley, P.C. On December 27, 2020, the Consolidated Appropriations Act of 2021[1] (the “Appropriations Act”) was enacted. The Appropriations …
Read More from: Bernstein-Burkley, P.C.