2020-09-09
The industry saw small gains in many loan categories during the second quarter, but credit cards declined. A new study from WalletHub shows the biggest quarterly drop in credit card balances in over 30 years.
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2020-09-09
A pandemic-driven surge in bank deposits helped drive the agency's insurance reserves below their statutory minimum.
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2020-09-09
On September 9, 2020, Energy Alloys Holdings, LLC, a Texas based supplier of alloys for the Oil and Gas industry, and several of its affiliates filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the Dis
Read More from: Cole Schotz P.C. Bankruptcy & Restructuring Law Blog
2020-09-09
On September 9, 2020, Energy Alloys Holdings, LLC, a Texas based supplier of alloys for the Oil and Gas industry, and several of its affiliates filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the Dis
Read More from: Bankruptcy and Restructuring Law Monitor
2020-09-09
A recent victory for Navy Federal opens diversity jurisdiction to federally chartered credit unions, allowing them to more easily bring matters before federal courts.
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2020-09-08
Bankers and fintech executives want lawmakers returning to Washington to focus on streamlined forgiveness and a second round of Paycheck Protection Program loans for small businesses.
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2020-09-08
Only one of the 118 loans bought by the Federal Reserve through Aug. 31 was close to the $250,000 minimum in the rescue program, aimed small to midsize businesses hurt by the pandemic.
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2020-09-08
On September 8, 2020, Groupe Dynamite Inc., a Canada-based clothing retailer with more than 300 stores in North America, including 85 in the United States, and several of its affiliates filed a petition for relief under Chapter 15 of the Bankruptc
Read More from: Cole Schotz P.C. Bankruptcy & Restructuring Law Blog
2020-09-08
On September 8, 2020, Groupe Dynamite Inc., a Canada-based clothing retailer with more than 300 stores in North America, including 85 in the United States, and several of its affiliates filed a petition for relief under Chapter 15 of the Bankruptc
Read More from: Bankruptcy and Restructuring Law Monitor
2020-09-08
In congressional testimony, the director of the credit union regulator's Office of Minority and Women Inclusion outlined steps the agency is taking to increase diversity at the agency.
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2020-09-08
Bank of America announced how it plans to spend a third of its $1 billion commitment to address racial and economic inequities and the effects of the coronavirus pandemic in communities of color.
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2020-09-08
The fintech and the Minnesota bank it acquired last week, renamed Mid-Central National Bank, intend to pioneer a new method of storing and moving money for consumers.
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2020-09-08
Thanks to a donation from the Credit Union Federation of Korea, the global trade group is working with international partners to distribute personal protective equipment to institutions in need.
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2020-09-08
Fintech lenders that reported a surge in missed payments at the start of the pandemic have seen credit quality rebound substantially since.
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2020-09-08
The Ohio regional added a feature to its mobile app that analyzes a customer's spending habits before sweeping small amounts of cash into a savings account.
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2020-09-08
Bartow Morgan Jr., who ran Brand Banking when it was sold to Renasant, also plans to raise $150 million to expand the seller's products and services.
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2020-09-08
Even though financial institutions have "slightly" stepped up assessments of diversity practices, "we are not satisfied with the level of responsiveness,” a senior Federal Reserve official said in congressional testimony.
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2020-09-08
The bank said the conduct includes “instances of customers misusing Paycheck Protection Program Loans, unemployment benefits and other government programs.”
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