To land and retain millennial customers, mobile banking apps must graduate from simply replicating online banking on a phone to leveraging the native functionality of mobile hardware.
I am a very proud daughter of an Army veteran and truly feel blessed that I was raised in a military family. My father, Benny Conner, served in Operation Desert Storm in the early 90’s and it is because of him that I love and respect our country. Fortunately, for our family, my father came home alive and well but for other military families the tours of their loved ones end tragically. It is how we, as Americans, treat these families that is so very important to me and I strive to make a difference with every active member and veteran that passes through my office. I care about all of my clients but as a child of a service member I relate to the sacrifices these families face day to day.
Breaking News This Morning ...
Discount brokers to merge: TD Ameritrade is buying rival Scottrade for $4 billion. The combined company will have $944 billion in client assets and execute 600,000 client trades a day. TD says the merger will enable the two companies to cut costs by $450 million a year. Wall Street Journal, Financial Times Wall Street Journal ...
Key Energy Services, Inc., and three of its subsidiaries filed petitions for relief under chapter 11 in the Bankruptcy Court for the District of Delaware earlier this morning (Case No. 16-12306). According to the First Day Declaration, the Debtors comprise the largest onshore rig-based well servicing contractor in the nation. The Debtors enter chapter 11 with a plan support agreement and prepackaged plan of reorganization, which proposes to reduce the Debtors’ funded debt from approximately $1 billion to approximately $250 million while still providing some recovery to current equity holders. The Declaration goes on to state that solicitation of the Plan began on September 21 and that 100% of the Holders of Term Loan Claims and 99.89% in principal amount of the Holders of Senior Notes Claims have voted in favor of the Plan. The Disclosure Statement can be found here. Epiq Bankruptcy Solutions is the proposed claims agent. Chief Bankruptcy Judge Brendan L. Shannon has been assigned to the cases.
Read More from: Cole Schotz P.C. Bankruptcy & Restructuring Law Blog
We are still in the early days of digital finance Â-- but the heated tone of conversations surrounding approaches to data access threatens to keep us there.
Even if the cross-selling scandal is unique to Wells Fargo, banks nationwide will need to prepare for added regulatory scrutiny. Here's how.
Receiving Wide Coverage ...
More pressure on Wells: Two Democrat senators, Elizabeth Warren of Massachusetts and Robert Menendez of New Jersey, asked Wells Fargo's chairman if the board had sufficiently questioned Timothy Sloan about his knowledge of the bank's phony accounts scandal before appointing him chief executive officer. "It is difficult to believe that he had no knowledge of or bears no responsibility for the actions of thousands of Wells Fargo employees creating fake accounts," the...
A recent survey conducted by Student Loan Hero, as reported by CNBC, has found that many college students are using some of the student loan money to pay for expenses other than tuition and books. The survey conducted in September 2016 of over 1000 students, reports that 2 in 5 students who receive student loan funds use those funds to pay for things other than their education. Jeffrey Trull, Student Loan Hero’s content director, noted that “it’s pretty easy to use your excess funds this way,” Once a student receives their funds from the lender and the tuition is paid, there are no stipulations on how the excess is spent.
Individuals who receive Social Security benefits are set to get a slight bump in their monthly payments in 2017, putting many seniors in a bind when it comes to their financial situations. The federal government recently announced that it will be raising the monthly benefits for Social Security recipients through a cost-of-living adjustment (COLA).
The COLA is determined by the federal government’s official measure of consumer prices. In 2016, the government opted not to increase Social Security benefits. However, 2017 will see a COLA due to low inflation numbers. This marks the fifth straight year that U.S. seniors have received either no increase or a minor increase in their Social Security benefits. During that time, the COLA has remained at zero three times.
Read More from: The Law Office of Joel R. Spivack
Read More from: Nebraska Debt and Bankruptcy Blog
The Wells Fargo scandal is an example of what happens when a system requires you to effectively hand over the keys to your identity to strangers as if you were giving them your car keys. Moreover, it is a call to banks to restore trust and become leaders in fixing the ID problem once and for all.
Mary Mack is beginning damage control as she overhauls Wells' sales culture; Dorothy Savarese talks diversity of bank sizes as she becomes chairman of the ABA; and Elizabeth Warren implores the president to demote Mary Jo White. Also, industry manbassadors talk work-life balance and the importance of flexibility for women as Visa's CEO resigns to devote more time to family. And a couple of small activist firms are taking on gender bias at the world's largest companies.
Written by Guest Blogger Jordan Herring of Gloria Nilson & Co. Real Estate
Read More from: The Law Office of Joel R. Spivack
On Election Day, the Supreme Court will hear argument in the cases of Wells Fargo v. City of Miami and Bank of America v. City of Miami. At issue is the standing of cities to sue banks for mortgage redlining and reverse redlining.
The history of redlining is well known. Banks, in concert with the housing agencies of the New Deal, drew lines around minority neighborhoods where no home mortgage loans would be made (or backed by federal agencies). Starting in the 1990s and until the 2008 crisis, subprime mortgage lenders, some of them affiliates of major banks, targeted the same minority neighborhoods for high-cost, high-risk loans. Inevitably, the same minority neighborhoods have been devastated by the recent wave of foreclosures.
Read More from: Credit Slips
Once you have attended your 341 Hearing, that is typically the last hearing you as a Debtor will have to attend. However, your attorney must attend one final very important hearing called the Confirmation Hearing. The Confirmation hearing is in essence the final stamp of approval if you will on your Chapter 13 Plan by the Judge.
Rather than continuing to invest in inclusion initiatives that fail to drive diversity, banks should embrace these three programs instead.
Receiving Wide Coverage ...
More trouble for Wells: The California Department of Justice has launched a criminal investigation into Wells Fargo to determine if bank employees engaged in criminal identity theft and false impersonation to open accounts for customers without their permission. "There is probable cause to believe that employees of Wells Fargo Bank unlawfully accessed the bank's computer system to obtain the PII [personally identifiable information] of customers," the state's affidavit said. "The bank's employees...
Read More from: eSQUIRE Global Crossings
The response of the [American Bar] Association to that 1976 re-examination of Pound’s criticism was immediate . . . One very important program was aimed at developing alternative methods for resolving disputes.
–Chief Justice Warren E. Burger, February 12, 1984.
Roscoe Pound, a young man from Nebraska in 1906, became one of the great deans of the Harvard Law School. As explained in this article, Chief Justice Warren Burger attributes the beginnings of the modern mediation profession to Roscoe Pound’s 1906 speech to the American Bar Association and a 1976 re-examination of that speech by that same Association.
Read More from: Mediatbankry
If you file bankruptcy, you want to know if you can keep your home. You want to know, what is the home bankruptcy exemption? Home Bankruptcy State Exemptions In Michigan Michigan has home exemption choices for folks who file bankruptcy here. Tenancy by entireties is available as one option. That is a fancy legal term [...]
Read More from: Stop Creditor