2020-04-08
Toronto-Dominion Bank is moving almost all of its call center employees from 15 different U.S. and Canadian cities to their homes in response to the coronavirus.
Read More from: BankThink
2020-04-08
Spirit of Texas Bancshares named an interim CEO for Dean Bass, though the company said he is recovering.
Read More from: BankThink
2020-04-08
Lawmakers want to expand the two-day old small business loan program by another $250 billion; Calabria says nonbanks are exaggerating their financial woes as forbearance claims rise.
Read More from: BankThink
2020-04-08
The CARES Act provides for direct "rebate" payments to American households. Treasury is gearing up to send some of those payments out soon. But Congress forgot to protect the payments from garnishment.
Read More from: Credit Slips
2020-04-08
OakNorth helps banks analyze credit, identify pandemic-related risks and forecast borrower issues before they turn into defaults.
Read More from: BankThink
2020-04-07
Measures that delay the Current Expected Credit Losses standard and reduce a community bank capital ratio are temporary, but the industry now sees an opening to argue that they should be permanent.
Read More from: BankThink
2020-04-07
Firms that spread big-dollar deposits to community banks have seen a rush in demand as small businesses seek emergency loans to weather the coronavirus pandemic.
Read More from: BankThink
2020-04-07
The Small Business Administration said lenders approved $71 billion in loans from the Paycheck Protection Program in less than five days.
Read More from: BankThink
2020-04-07
President Trump on Tuesday praised some of the country's largest financial firms for pledging to take new steps to help small businesses disrupted by the coronavirus.
Read More from: BankThink
2020-04-07
Since Governor Murphy put a stay in place Order in New Jersey, every county Sheriff in New Jersey has either cancelled or suspended scheduled foreclosure sales.
Read More from: Levitt & Slafkes LLC
2020-04-07
Since Governor Murphy put a stay in place Order in New Jersey, every county Sheriff in New Jersey has either cancelled or suspended scheduled foreclosure sales.
Read More from: Levitt & Slafkes LLC
2020-04-07
Simmons Bank in Arkansas is dealing with extra traffic on its digital channels and added call volume while communicating with customers through email, push notifications and even snail mail as well as its new app, says Alex Carriles.
Read More from: BankThink
2020-04-07
The online lender, which is looking to become a direct lender in the Paycheck Protection Program, has accepted 37,000 applications while working with an unnamed bank to fund businesses harmed by the coronavirus pandemic.
Read More from: BankThink
2020-04-07
Five Democrats on the Senate Banking Committee sent a letter to Director Kathy Kraninger calling the agency's response to COVID-19 “tepid and ineffectual at best.”
Read More from: BankThink
2020-04-07
The share of borrowers seeking payment relief rose more than tenfold as COVID-19 concerns grew and authorities encouraged the practice, according to the Mortgage Bankers Association.
Read More from: BankThink
2020-04-07
The Small Business Administration’s loan processing platform went down Monday for as long as four hours, temporarily halting the ability of lenders to process loans for small business owners seeking relief from the impact of the coronavirus.
Read More from: BankThink
2020-04-07
Soaring demand for loans from firms hard hit by the coronavirus pandemic has led to predictions that the program could soon run out of funds.
Read More from: BankThink