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Technology is moving at light speed beyond smartphones. To compete in this environment, banks need to zero in on solving for basic human needs.

Read More from: BankThink

5 days 12 hours ago

The administration wants to deal with the concerns of banks of all sizes in its deregulatory efforts, Treasury Secretary Steven Mnuchin said Friday.

Read More from: BankThink

5 days 12 hours ago

Ann Marie Mehlum, who has joined a lending platform called SmartBiz Loans after stints as a community banker and an SBA official, says the combination of fintech and old-fashioned banking could bring back small-business loans under $100,000.

Read More from: BankThink

5 days 12 hours ago

Northwest Bancorp in Spokane said it has agreed to acquire the $131.1 million-asset CenterPointe Community Bank in Hood River, Ore.

Read More from: BankThink

5 days 12 hours ago

The Trump administration’s interest in reinstating barriers between commercial and investment banking is sparking conversations about what such a proposal would entail.

Read More from: BankThink

5 days 12 hours ago

Bank3 started as a $12 million-asset institution with a single branch, no online banking and a core system that was obsolete. Now it's much more.

Read More from: BankThink

5 days 12 hours ago

The Consumer Financial Protection Bureau issued a proposal that would give mortgage lenders more flexibility in collecting information on race, sex and ethnicity of home loan applicants.

Read More from: BankThink

5 days 12 hours ago

Jevic: The Supreme Court Gives Structure to Chapter 11 Structured Dismissals

On March 22, 2017, the Supreme Court, in Czyzewski et al., v. Jevic Holding Corp., et al.,  confirmed that the Bankruptcy Code does not permit “priority skipping” in Chapter 11 structured dismissals.  In doing so, the Court held that, although the Code does not explicitly provide what, if any, priority rules apply to the distribution of estate assets in a Chapter 11 structured dismissal,  “[a] distribution scheme in connection with the dismissal of a Chapter 11 case cannot, without the consent of the affected parties, deviate from the basic priority rules that apply under the
. . . Code.”

Jevic Holding Corp. (“Jevic”) filed for Chapter 11 following a failed leveraged buyout.  Jevic owed $53 million to its senior secured creditors and over $20 million to tax and general unsecured creditors.  Jevic’s Chapter 11 filing generated two significant legal actions: (1) a claim from its employees that Jevic, and others, had violated state and federal Worker Adjustment and Retraining Notification (“WARN”) Acts; and (2) an action for fraudulent conveyance brought by the official unsecured creditors’ committee (the “Committee”) against Sun Capital Partners, Inc. (“Sun”), Jevic’s private equity owner, and its secured lender, CIT Group, Inc. (“CIT”). 

Read More from: Basis Points

5 days 12 hours ago

Over at Dealb%k.  (BTW, I don't pick the pictures).

Read More from: Credit Slips

5 days 13 hours ago

Attorney Ed WoodsNormally, I blog about current events or about how we can help consumers can get real relief from financial pressures under the law. In today’s post, I digress to recognize one of our own. Recently, we celebrated the twenty year anniversary of our friend and trusted employee, Leann Wilkinson. Where has the time gone?

Read More from: Bonds & Botes, P.C.

5 days 13 hours ago

A faster network is letting the regional bank bring new technology into its branches and share data with fintech partners via APIs.

Read More from: BankThink

6 days 14 min ago

The regulator said that Santander has not made sufficient progress in complying with a 2015 enforcement order.

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6 days 14 min ago

The groups and industry trade associations want the Treasury Department and the FHFA to allow Fannie Mae and Freddie Mac to build up capital reserves.

Read More from: BankThink

6 days 14 min ago

The Consumer Financial Protection Bureau said Experian sold consumers an "educational" credit score and falsely claimed in advertisements that the score was used by lenders to make credit decisions.

Read More from: BankThink

6 days 14 min ago

Andy Harmening will succeed longtime retail banking chief Mary Navarro, who is retiring in June.

Read More from: BankThink

6 days 14 min ago

BMO recently won a diversity award for reaching its goal of having women in 40% of senior management jobs, and CEO Bill Downe argues equal treatment of employees will carry over to fair treatment of customers and create long-term profits for shareholders.

Read More from: BankThink

6 days 14 min ago

qode interactive strataNews stories this week indicated that Payless Shoes would likely file for Chapter 11 bankruptcy within the week. Stalwart Sears, founded in 1893 and once the country’s largest retailer, stated in its March 2017 SEC filing that, following a $2 billion dollar loss in 2016 and the sale of its iconic Craftsman brand, there was “substantial doubt” that it would be able to keep its stores open.

Read More from: Bankruptcy Law Network

6 days 11 hours ago

The Justice Department believes that Pyongyang was behind last year's New York Fed heist; Marcus Schenck, DB's CFO and deputy CEO, may be next in line to head the big German bank.

Read More from: BankThink

6 days 12 hours ago

As part of the broad regulatory review, the Treasury secretary should consider a blue-ribbon panel to look at modernizing policies on everything from consumer disclosures to wealth accumulation.

Read More from: BankThink

6 days 12 hours ago

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