2020-06-15
Peoples Bank in Arkansas and Main Street Bank in Massachusetts are getting smarter about spotting suspicious transactions tied to unemployment benefit fraud as well as warning customers what to watch out for.
Read More from: BankThink
2020-06-15
The agency flagged faulty risk management and other issues at the Federal Home Loan Bank of Des Moines and Federal Home Loan Bank of San Francisco in exams conducted last year.
Read More from: BankThink
2020-06-15
The last bank where he was CEO, Opus Bank, ran into trouble largely because it made too many acquisitions in too short a time span. This time around, Gordon will take a more methodical approach.
Read More from: BankThink
2020-06-15
In letters to administration officials and large banks, the lawmakers sought details about loan recipients following reports that financial institutions had favored their wealthiest clients.
Read More from: BankThink
2020-06-15
The central bank is bringing back examinations but said it will continue to conduct monitoring remotely "until conditions improve."
Read More from: BankThink
2020-06-15
Financial institutions interested in participating “are encouraged to begin making ... loans immediately,” the central bank said.
Read More from: BankThink
2020-06-15
Lawmakers shouldn't let themselves be misled by a slower pace in personal bankruptcy filings so far this year.
Read More from: BankThink
2020-06-15
Metro Bank is early-stage talks to buy a peer-to-peer lender, aiming to grow in unsecured lending as the troubled British company's mortgage business comes under pressure.
Read More from: BankThink
2020-06-15
Borrowers say getting the loans forgiven is just as complicated as obtaining the money; payment companies are holding some merchant funds in reserve as chargebacks spike.
Read More from: BankThink
2020-06-15
Earlier this year the Indiana General Assembly passed, and Indiana Governor Eric Holcomb signed into law, Senate Enrolled Act 395 (“SEA 395”) amending several provisions of the Indiana Uniform Consumer Credit Code (the “IUCCC” or the "Code”).
Read More from: Krieg DeVault
2020-06-14
Evidence suggests some minority-owned businesses can’t access loans, and the Trump administration is under pressure to report borrower demographics. The issue is gaining attention against the backdrop of protests over the George Floyd killing.
Read More from: BankThink
2020-06-14
Frank Partnoy has an important and unsettling piece in The Atlantic about how CLOs (securitized syndicated loans, in short) mig
Read More from: Credit Slips
2020-06-12
[Update: This is an updated version of an article published on June 5, 2020]
Read More from: Bankruptcy and Restructuring Blog
2020-06-12
The lawmakers cited concerns from small businesses that the current application to have coronavirus relief loans forgiven is “especially burdensome, time-consuming, and costly.”
Read More from: BankThink
2020-06-12
Short answer: yes. The real question is whether you want to.
Read More from: Bonds & Botes, P.C.
2020-06-12
PNC open to deal that would boost assets to $700 billion; banks take hard line against accountants seeking fees for PPP referrals; rush to online banking during coronavirus has hackers salivating, bureau says; and more from this week's most-read s
Read More from: BankThink
2020-06-12
Uwharrie Capital in North Carolina and Valley National in New York used their community connections to seek out small companies in need of loans from the Paycheck Protection Program. They found plenty of them.
Read More from: BankThink