2020-12-23
Under the terms of the rule, NCUA could exempt credit unions from some Bank Secrecy Act requirements on a case-by-case basis, provided there are no safety or soundness concerns.
Read More from: BankThink
2020-12-23
In the second quarter (Q2) of this year, household debt in the United St
Read More from: Bonds & Botes, P.C.
2020-12-23
The Pittsburgh bank says the data aggregator deceptively uses PNC's logo in obtaining bank customers' login credentials.
Read More from: BankThink
2020-12-23
With one study showing consumers racking up additional credit card debt this season, some members may be eager to consolidate their balances in the year ahead.
Read More from: BankThink
2020-12-23
The top Democrats on the House and Senate banking committees urged the Trump administration to pull the plug on any steps to overhaul Fannie Mae and Freddie Mac with the pandemic still taking a toll on the economy.
Read More from: BankThink
2020-12-23
One engineered a big M&A deal, another struggled with his bank's credit issues and another abruptly resigned. Here are their stories and more.
Read More from: BankThink
2020-12-23
The bank has been streamlining common activities for commercial clients as part of a yearlong digital transformation.
Read More from: BankThink
2020-12-23
The proposal would require the government-sponsored enterprises to craft resolution plans similar to regulations imposed on the largest U.S. banks.
Read More from: BankThink
2020-12-23
Underpinning the technology with mathematically sound models can make a better case to consumers and regulators for why a loan applicant was denied.
Read More from: BankThink
2020-12-23
Congress passed the long-awaited Consolidated Appropriations Act, 2021 (“CAA”) December 22, 2020, which now is awaiting the President’s signature to become law.
Read More from: Krieg DeVault
2020-12-22
The legislation allows the Small Business Administration to waive fees and raise the guarantee for 7(a) and 504 loans, which could encourage more small businesses to apply for loans as the economy recovers.
Read More from: BankThink
2020-12-22
The Consumer Financial Protection Bureau said that the Dallas-based auto lender knowingly supplied inaccurate consumer data to the three major credit reporting agencies.
Read More from: BankThink
2020-12-22
The consumer bureau said the bank’s migration to a new servicing platform led to unauthorized payment withdrawals, misrepresentations about what borrowers owed and violations of a prior 2015 enforcement action.
Read More from: BankThink
2020-12-22
Bank of America’s chairman of global corporate and investment banking, Anne Clarke Wolff, is leaving the firm.
Read More from: BankThink
2020-12-22
There are a number of reasons why a driver’s license may be suspended. For example, maybe the driver was convicted of Driving Under the Influence charge; or, maybe a driver has too many points on his or her driver’s license; or maybe a driver has
Read More from: Young, Marr & Associates
2020-12-22
Riverside Health System Employees Credit Union has announced plans to merge into the Yorktown-based credit union, which is roughly 100 times its size.
Read More from: BankThink
2020-12-22
The Oregon bank has launched a new division targeting businesses with up to $15 million in annual sales and tapped the banker who led its Paycheck Protection Program lending, Ashley Hayslip, to run it.
Read More from: BankThink
2020-12-22
Rosemary Vrablic, who worked in the private banking division, helped manage Trump’s relationship with the bank as it lent hundreds of millions of dollars of loans to Trump’s company over a number of years.
Read More from: BankThink
2020-12-22
The Federal Reserve and the New York State Department of Financial Services have ordered the Swiss bank’s U.S. arm to improve oversight and better monitor the activities of its customers.
Read More from: BankThink
2020-12-22
Congress’s passage of a measure requiring startup companies — instead of their banks — to identify true owners was arguably the industry’s biggest legislative achievement in 2020.
Read More from: BankThink