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.
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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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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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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.
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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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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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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.
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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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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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2021-03-22
Banks, credit card companies and digital payments processors are nervously watching the push to create an electronic alternative to the paper bills Americans carry in their wallets, or what some call a digital dollar and others call a Fedcoin.
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2021-03-22
While the Fed decided not to extend capital easing for banks, it is working on a longer-term fix for calculating banks’ supplementary leverage ratio; the agency is looking at whether the company’s debit card policies for merchants are anticompetit
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2021-03-22
Twelve months after the public health emergency began, executives say it forced them to reexamine where employees work, retail strategies, office layouts and more.
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2021-03-21
Fees from forgiven Paycheck Protection Program loans are providing a short-term lift, but balance sheets are shrinking and it isn't clear what will drive future growth.
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2021-03-19
Abstract: Modern mortgage law is designed for a world that no longer exists. The residential mortgage transaction of today looks nothing like it did during the formative period when the property laws governing mortgages were developed.
Read More from: NC Bankruptcy Expert
2021-03-19
Challenger bank TomoCredit rolls out first credit card that doesn't use FICO score; the first penalty for pot banking violations lands on a credit union; blame Treasury, IRS for delay in stimulus payments, banks say; and more from this week's most
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