ABI Blog Exchange

2021-01-14
This client alert is the second of a two part series concerning the Save Our Stages Act (the “SOS Act”), which became law on December 27, 2020 as Section 324 of the Economic Aid to Hard-Hit Small Business, Nonprofits, and Venues Act (the “
2021-01-14
The National Credit Union Administration and the Consumer Financial Protection Bureau will hold strategy sessions and share information tied to consumer protections at institutions with more than $10 billion of assets.

Read More from: BankThink

2021-01-14
 The Supreme Court decided that a creditor which passively retains possession of estate property does not "exercise control" over such property in viol
2021-01-14
A sponsorship deal between the regional bank and the league will emphasize economic empowerment and financial education. It's a good example of how corporations increasingly seek to associate their brands with a cause or purpose, experts say.

Read More from: BankThink

2021-01-14
Loan originations hit a record $16.7 billion in the fourth quarter, though executives caution that a recent rise in mortgage rates could slow refinancing activity.

Read More from: BankThink

2021-01-14
Branch has been with WOCCU for 31 years, the last 10 of them spent as CEO.

Read More from: BankThink

2021-01-14
The project will deploy $20 million as secondary capital to expand economic relief and financial inclusion, and follows a $1 million project last summer aimed at helping low-income consumers in Rust Belt cities.

Read More from: BankThink

2021-01-14
A slower-than-expected rollout of the COVID-19 vaccines and the threat of social unrest after the Jan. 6 riot at the U.S. Capitol could threaten the recovery, according to an American Bankers Association panel.

Read More from: BankThink

2021-01-14
Diane Arnold, who will succeed the retiring Gregory Shook in July, has been with the bank since 2002. She is currently the chief lending officer.

Read More from: BankThink

2021-01-14
The deal is a sign of further consolidation among Twin Cities-area credit unions, following another combination announced in May.

Read More from: BankThink

2021-01-14
The Office of the Comptroller of the Currency finalized a rulemaking Thursday morning opposed by the industry that forces the largest banks to provide services to gun businesses and other sectors to which banks have curtailed lending.

Read More from: BankThink

2021-01-14
On January 13, 2021, Christopher & Banks, Inc., a Minnesota-based specialty retailer for women who value quality, affordable stylish apparel, accessories and exceptional service, filed a petition for relief under Chapter 11 of the Bankruptcy C
2021-01-14
On January 13, 2021, Christopher & Banks, Inc., a Minnesota-based specialty retailer for women who value quality, affordable stylish apparel, accessories and exceptional service, filed a petition for relief under Chapter 11 of the Bankruptcy C
2021-01-14
Goldman Sachs will work with the digital-payments upstart Marqeta on offering checking accounts for Main Street consumers.

Read More from: BankThink

2021-01-14
The bank agreed to acquire A Mortgage Boutique, which operates in six states.

Read More from: BankThink

2021-01-14
The online lender founded by Renaud Laplanche is now a full-fledged challenger bank that can offer generous checking terms because, it says, it can count on its loans for profits.

Read More from: BankThink

2021-01-14
The bank is combining its wealth management units to serve both the ultrarich and the less affluent; the small business loan program will open to all borrowers on Tuesday.

Read More from: BankThink

2021-01-14
The new global wealth division, which is being formed by combining the firm’s private bank with a unit that serves substantially less wealthy households, will be led by Citi veteran Jim O’Donnell.

Read More from: BankThink