2020-07-20
The national conversation around systemic racism has compelled large banks to withdraw support from the “disparate impact” proposal. But community banks maintain that the proposed reforms would reduce frivolous claims.
Read More from: BankThink
2020-07-20
The agency's request for information seeks comment on the idea of the FDIC partnering with a standards-setting organization to develop best practices for technology firms, among other things.
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2020-07-20
The New York bank has also joined a steering committee helping to develop a global accounting standard that financial institutions can use to measure their impact on global warming.
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2020-07-20
The OCC is proposing steps for determining which party is the "true lender," which affects how the agency oversees such arrangements.
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2020-07-20
The Pennsylvania bank incurred $2.3 million in expenses in second quarter after winding down unit BMT Investment Advisers.
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2020-07-20
Business models and adaptability will determine the success — or failure — of financial technology companies as they deal with fallout from the coronavirus outbreak.
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2020-07-20
The report from the commission created to monitor the government's response to the pandemic comes as Congress begins negotiations over another round of stimulus.
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2020-07-20
The new consumer deposit product will provide customers a snapshot of the carbon impact of their purchases and offer other incentives to entice the environmentally conscious.
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2020-07-20
Mortgages taken out to fund business operations can now be modified in bankruptcy.
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2020-07-20
This story, Federal Aid Has So Far Averted Personal Bankruptcies, but Trouble Looms
Once federal benefits dry up, highly indebted consumers could be forced to file.
originally appeared in the New York Times on July 17, 2020 at
Read More from: Shenwick & Associates
2020-07-20
The White House's efforts to loosen equality requirements in lending run counter to the widespread demand for racial justice. Congress must act.
Read More from: BankThink
2020-07-20
While criminal proceedings are not stayed by the bankruptcy automatic stay, when a creditor files criminal charges simply in an attempt to collect a debt, they may face the wrath of the bankruptcy judge. This was the case in In re Kimbler
Read More from: Tampa Bankruptcy
2020-07-20
The California company said Russell Colombo "is committed to remaining in the job as long as needed."
Read More from: BankThink
2020-07-20
Trading revenues probably won’t be able to make up for looming credit losses going forward; consumer insolvencies have been held back so far by federal stimulus, which is set to expire.
Read More from: BankThink
2020-07-19
Trump-appointed regulators gave the industry the green light to offer installment loans during the pandemic. But with concerns that the light could turn red in 2021, bankers remain extra cautious.
Read More from: BankThink