2020-12-30
Bank regulators traditionally steer clear of more divisive debates in a polarized Washington.
Read More from: BankThink
2020-12-30
The agency said Omni Financial in Las Vegas illegally required service members to designate a portion of their paychecks to repay loans, depriving of them of other payment options.
Read More from: BankThink
2020-12-30
The Consumer Financial Protection Bureau is giving the credit card issuer and the fintech firm some regulatory latitude to develop specific new products.
Read More from: BankThink
2020-12-30
Several consumer advocacy organizations have urged the Office of the Comptroller of the Currency to deny the online lender's application for a national bank charter, citing concerns about its lending and debt-collection practices.
Read More from: BankThink
2020-12-30
Remote online notarization helped originators close loans amid social distancing measures, but complex local laws remain a barrier to its widespread use.
Read More from: BankThink
2020-12-30
An impasse over pandemic relief checks for Americans is holding up an override of President Trump's veto of a bill shifting beneficial-owner requirements from banks to their commercial clients.
Read More from: BankThink
2020-12-30
Triad Business Bank opened in North Carolina shortly before the launch of the Paycheck Protection Program, which brought in many clients.
Read More from: BankThink
2020-12-30
The latest cyberattacks pointing to the Russian government show that U.S. federal agencies and banks still lack a clear, collaborative game plan.
Read More from: BankThink
2020-12-30
The Southern District of Florida case affirmed Judge Cristal in Miami finding that the debtor could not claim a homestead exemption in property bequeathed to them during the chapter 13 case, when they subsequently converted to chapter 7. R
Read More from: Tampa Bankruptcy
2020-12-30
The charity was hit hard by the pandemic and the death of its CEO early in the year, but the nonprofit hopes to bounce back in 2021, thanks in part to a long history of working closely with credit unions.
Read More from: BankThink
2020-12-30
The National Credit Union Administration juggled several challenges this year beyond the pandemic recession, including an inspector general's report about alleged misconduct by two former employees and criticism that board members had lost their o
Read More from: BankThink
2020-12-29
The switch to Thomas Cangemi from longtime CEO Joseph Ficalora could foreshadow a push to curtail the company’s reliance on multifamily lending and the pursuit of a bank acquisition that lowers funding costs.
Read More from: BankThink
2020-12-29
Government officials and many bankers remain wary of digital currencies, but they'll have to learn to live with them.
Read More from: BankThink
2020-12-29
Chris Maher recently unloaded loans hurt by the coronavirus shock, convinced he was freeing the New Jersey company of baggage that could impede a large M&A deal. This assertive move makes him one of our community bankers to watch in 2021.
Read More from: BankThink
2020-12-29
Eleven Democrats on the Financial Services Committee have asked the heads of the Treasury Department and IRS to eliminate service charges tied to debit cards used to distribute COVID-19 relief.
Read More from: BankThink
2020-12-29
Foreclosures around the country jumped during October, with Alabama foreclosures near the top of the nation.
Read More from: Bonds & Botes, P.C.
2020-12-29
The Securities and Exchange Commission last week accused Ripple of breaking securities laws, raising questions about the future of banks' ties with the company.
Read More from: BankThink
2020-12-29
Last year, the Pennsylvania Credit Union Association and the New Jersey Credit Union League merged to form the CrossState Credit Union Association, and now the foundations of the two groups are combining.
Read More from: BankThink
2020-12-29
Bankruptcy debtors with delinquent utility bills got a measure of protection from interruption in their service under an amendment to the Bankruptcy Code in the omnibus spending bill enacted December 27,2020.
Read More from: Bankruptcy Mastery
2020-12-29
The new legislation includes a provision sparing lenders from having to pay such fees on Paycheck Protection Program loans, except in cases where they agree in advance with borrower representatives to do so.
Read More from: BankThink