2020-09-16
There are times when Chapter 7 cases become Chapter 13 cases. There are also times when it happens the other way around. Sometimes this is the borrower’s choice. At other times, the courts themselves force the change.
Read More from: Young, Marr & Associates
2020-09-16
The Financial Crimes Enforcement Network is seeking to create a better-defined standard for effective AML compliance programs and is considering whether to impose formal requirements that banks assess their laundering risk.
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2020-09-16
With only a fraction of the funds allocated being used, Federal Reserve Chair Jerome Powell said the central bank is considering tweaks to the middle-market rescue program in an appeal to lenders wary of taking on added risk.
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2020-09-16
The new unit plans to connect the startups it backs, such as the global payments network Veem, with experts at the company who can provide business advice.
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2020-09-16
Fannie Mae and Freddie Mac have been slammed for planning an additional refinancing charge to cover COVID-related losses, but the head of the Federal Housing Finance Agency defended the policy in House testimony.
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2020-09-16
The central bank said it would keep interest rates at current levels through at least to help the U.S. economy recover from the coronavirus pandemic.
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2020-09-16
The company, which left New York in 2015 to avoid its regulations on virtual currencies, has found a more welcoming state.
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2020-09-16
More than 160 institutions will use the money to help members weather the coronavirus by offering new products and providing help with loan payments.
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2020-09-16
Led by HSBC, European banks account for the largest share of the announced reductions, according to a Bloomberg analysis.
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2020-09-16
New analysis from CO-OP Financial Services showed credit union members veering closer to traditional card usage, but the lack of additional pandemic relief could hamper interchange growth this fall.
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2020-09-16
Congress should pass legislation that would allow Home Loan banks to backstop deposits by local governments at commercial banks and lower the cost of bond financing, two mayors argue.
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2020-09-15
Several companies said this week they’re slashing expenses as the economy limps along.
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2020-09-15
On August 31, both houses of the California legislature passed and sent to Governor Newsom for signature the California Consumer Financial Protection Law (the CCFPL). Effective on January 1, 2021 if Governor Newsom signs the bill (which he is exp
Read More from: Bankruptcy and Restructuring Blog
2020-09-15
The agency finally detailed how it may implement congressional requirements to collect information on credit to small businesses. Lenders below certain asset thresholds and that make few business loans could be off the hook.
Read More from: BankThink
2020-09-15
Two board members for the credit union regulator spoke during a NAFCU event, highlighting liquidity issues, plans for new departments at the agency and more.
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2020-09-15
The two biggest U.S. banks trimmed expectations for net interest income as low rates and tepid loan growth weigh on revenue.
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2020-09-15
A survey conducted by Harris Poll and commissioned by Plaid found that 60% of U.S. adults are using more apps to manage money since the onset of the pandemic.
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2020-09-15
JPMorgan Chase added a half dozen executives, including Thasunda Brown Duckett, to its operating committee in the biggest expansion of its top leadership group in years.
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