2021-03-23
On March 22, 2021, Ninety-Five Madison Company, LP of New York, NY filed a single asset real estate petition under Chapter 11 of the Ba
Read More from: Cole Schotz P.C. Bankruptcy & Restructuring Law Blog
2021-03-23
Powell says the Fed won't move forward without approval from Congress; the Fed's vice chair for supervision tells banks not to use the tainted benchmark on any new deals after this year.
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Read More from: BankThink
2021-03-23
Billion Dollars Of Student Loan Debt Forgiven –
but that is only 72,000 borrowers.
Read More from: Discharge Student Loan
2021-03-22
Large banks that counted on airline and hospitality points to drive loan growth in the credit card business are anticipating renewed demand once safety concerns subside.
Read More from: BankThink
2021-03-22
Banc of California, which last bought a bank in 2013, has agreed to pay $235 million in stock in this in-state deal.
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Read More from: BankThink
2021-03-22
The 14 lenders that dominate U.S. credit cards slashed $99 billion from their customers’ spending limits in 2020, mostly affecting financially troubled households.
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Read More from: BankThink
2021-03-22
Legacy contracts using the London interbank offered rate — which is set to be phased out at the end of this year — were granted a reprieve to mid-2023.
Read More from: BankThink
2021-03-22
The depositor-owned banks are discouraged from participating in the Emergency Capital Investment Program because they can't issue preferred stock to back loans for underserved communities.
Read More from: BankThink
2021-03-22
Unfortunately, there are people throughout Pennsylvania who have worked for their employer for years who suddenly find themselves laid off from their job.
Read More from: Young, Marr & Associates
2021-03-22
Early in the pandemic, Michigan's Astera Credit Union realized that if it could not support touchless transactions, its members were likely to go elsewhere.
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Read More from: BankThink
2021-03-22
Democratic leaders are encouraging the Federal Reserve to develop its own digital currency to expand financial services access. Chair Jerome Powell indicated the central bank plans to take a methodical approach.
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Read More from: BankThink
2021-03-22
The Secured Overnight Financing Rate stemmed from years of discussion between regulators and a broad group of industry stakeholders about a safer alternative to Libor.
Read More from: BankThink
2021-03-22
The fintech, which has applied for a California banking license and federal deposit insurance, aims to become a full-service online bank for 1 million Americans by year-end, says Ron Oliveira, its U.S. chief executive.
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Read More from: BankThink
2021-03-22
Timothy Collia will step down from the Portsmouth, N.H.-based institution later this year. A search for his successor is already underway.
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Read More from: BankThink
2021-03-22
By Keila Estevez Associate, Bernstein-Burkley, P.C. Keri Ebeck, Esq. Partner at Bernstein-Burkley, P.C. On December 27, 2020, the Consolidated Appropriations Act of 2021[1] (the “Appropriations Act”) was enacted.
Read More from: Bernstein-Burkley, P.C.
2021-03-22
By Keila Estevez Associate, Bernstein-Burkley, P.C. Keri Ebeck, Esq. Partner at Bernstein-Burkley, P.C. On December 27, 2020, the Consolidated Appropriations Act of 2021[1] (the “Appropriations Act”) was enacted. The Appropriations …
Read More from: Bernstein-Burkley, P.C.
2021-03-22
Changes to CDFI Fund regulations could make it significantly easier to raise the capital required to get a new institution off the ground.
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Read More from: BankThink
2021-03-22
NCUA Chairman Todd Harper has reiterated his call for CUs not to garnish members' econimic impact payments, while the industry's largest PAC has resumed campaign contributions after a brief pause.
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Read More from: BankThink