2020-05-10
Complaints to the bureau hit an all-time high in April. More than one in five said servicers wouldn't grant deferrals, forced borrowers into forbearance or violated other requirements of the coronvavirus relief law.
Read More from: BankThink
2020-05-10
The daily news reminds us of the growing grim economic toll wrought by the COVID-19 pandemic.
Read More from: Krieg DeVault
2020-05-08
The Small Business Administration's Inspector General also flagged a number of shortcomings in the implementation of the Paycheck Protection Program.
Read More from: BankThink
2020-05-08
Late approval and delayed access to the Fed’s liquidity facility have forced fintechs to play catch-up in the Paycheck Protection Program.
Read More from: BankThink
2020-05-08
Mortgage lenders impose steep pricing adjustments for cash-out refinancing; bankers fear massive borrower fraud in the Paycheck Protection Program; some worry the coronavirus is giving banks an excuse to spy on employees; and more from this week's
Read More from: BankThink
2020-05-08
The Federal Reserve also said in a supervisory report released Friday that it would conduct stress tests this quarter as planned, taking into account sudden deterioration in the economy brought on by the coronavirus pandemic.
Read More from: BankThink
2020-05-08
The startup, which had already been offering unsecured loans to newcomers to the U.S., is working with technology and banking partners to offer them deposit accounts and debit cards.
Read More from: BankThink
2020-05-08
The pandemic has fostered the distribution of even more bad information on social media. Banks and other companies need to step up to solve the problem — including support of tougher legal restrictions on internet content.
Read More from: BankThink
2020-05-08
Thomas Lopp cited health reasons for leaving Sterling Bancorp less than six months after becoming CEO. Sterling has been dealing with revenue issues after shutting down its biggest lending program over underwriting concerns.
Read More from: BankThink
2020-05-08
Organizers representing five tribes aim to create a financial institution to serve their members.
Read More from: BankThink
2020-05-08
The Independent Community Bankers of America accused the National Credit Union Administration of using the coronavirus outbreak to usher in additional changes without the normal amount of scrutiny.
Read More from: BankThink
2020-05-08
Start thinking bankruptcy now, not later
By NerdWalletMay 5, 2020
Read More from: Shenwick & Associates
2020-05-08
Business owners who took out loans under the Paycheck Protection Program thought converting them to grants would be easy. It’s not.
Read More from: Shenwick & Associates
2020-05-08
Mortgage rates are at record lows, but borrowers hoping to take advantage are running into the toughest loan-approval standards in years.
Read More from: BankThink