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Organizers of Scottsdale Community Bank plan to raise a minimum of $16 million.

Read More from: BankThink

34 min 27 sec ago

Banks can help encourage customers to save more by restructuring their accounts.

Read More from: BankThink

34 min 27 sec ago

After several years of financial policy defeats, banks finally basked in a legislative victory: the first real package of regulatory relief since the crisis. But the long-term effects of that victory are still to be determined. Here is what it all means.

Read More from: BankThink

34 min 27 sec ago

Shari Van Cleave, head of Wells Fargo Digital Labs, says the bank is experimenting with artificial intelligence and augmented reality to create new ways to present data to customers.

Read More from: BankThink

34 min 27 sec ago

CEO Bruce Lee believes a multicharter model, which many other banks have scrapped, gives the Iowa company an edge in smaller markets.

Read More from: BankThink

34 min 27 sec ago

The Pennsylvania company agreed to pay $17 million for Community First. It is Emclaire's third bank acquisition deal since early 2016.

Read More from: BankThink

34 min 27 sec ago

As the Fed continues to hone post-crisis tools, its chairman said central banks cannot take their independence for granted.

Read More from: BankThink

34 min 27 sec ago

Royal Bank of Canada, CIBC and Toronto-Dominion have the capital to do deals, but they would rather use it to build out new business lines or expand into new markets than buy other banks. Here’s why.

Read More from: BankThink

34 min 27 sec ago

More than a dozen lawmakers wrote to the banking agencies Friday, arguing that any regulatory reforms to the Community Reinvestment Act should focus on expanding access to credit.

Read More from: BankThink

34 min 27 sec ago

Lenders would have a lighter data-reporting burden, but they may end up deciding to collect the data anyway.

Read More from: BankThink

34 min 27 sec ago

Comprehensive analysis of the banking industry's first big legislative victory since the crisis; lawsuits target banks with websites in violation of the Americans with Disabilities Act; what a homegrown app for millennials has to teach Wells Fargo; and more from this week's most-read stories.

Read More from: BankThink

34 min 27 sec ago

The New York company on Friday promoted Wahida Plummer, who was previously in charge of regulatory matters, to chief risk officer and expanded the role of its chief credit officer.

Read More from: BankThink

34 min 27 sec ago

How will filing bankruptcy change my life?

My clients ask all the time.  They imagine the remainder of their life after bankruptcy with neither credit cards nor credit.  Outcasts in our economy.  Shunned by all.  Crippled by bankruptcy.

They can see a scarlet “B” tattooed on their foreheads to mark them forever as Bankrupts.

My short, irreverent answer to that question is that they will sleep better at night.

Other side effects of bankruptcy include a drop off in telephone calls from collectors and shrinkage of the amount of mail they get.

They get smarter; debt makes you dumb.

All true, but probably not the answer they expected from a bankruptcy lawyer.

Read More from: The Soap Box

10 hours 56 min ago

  Sometimes, issues that you’ve just skimmed over burst forth in bunches, demanding attention. Lately, that issue in my bankruptcy cases has been insurance. Because its treatment varies so, we need to be asking more pointed questions of clients about both insurance policies and the debtor as beneficiary. Unmatured life insurance Starting with exemptions, §522(d)(7) […]

The post Ensure You Understand Insurance In Bankruptcy appeared first on Bankruptcy Mastery.

Read More from: Bankruptcy Mastery

11 hours 48 min ago

Readers celebrate first quarter earnings, weigh in on banks using blockchain, slam a postal banking proposal and more.

Read More from: BankThink

12 hours 34 min ago

President plans to ease regulatory burden on the largest banks; online merchants say a Visa-Mastercard button blocks cheaper payment methods.

Read More from: BankThink

12 hours 34 min ago

Upcoming Committee Formation Meeting:  Wednesday, June 6, 2018 10:00 AM

Case Name: 18-11212 (BLS)

Location: Sheraton Suites, 422 Delaware Avenue, Wilmington, DE 19801

Notice of Formation Meeting for Official Committee of Unsecured Creditors can be found here. See the petition for relief.

Contact Norman L. Pernick and G. David Dean for more information.

12 hours 35 min ago

Upcoming Committee Formation Meeting:  Wednesday, June 6, 2018 10:00 AM

Case Name: 18-11212 (BLS)

Location: Sheraton Suites, 422 Delaware Avenue, Wilmington, DE 19801

Notice of Formation Meeting for Official Committee of Unsecured Creditors can be found here. See the petition for relief.

Contact Norman L. Pernick and G. David Dean for more information.

12 hours 35 min ago

The Office of Comptroller of the Currency put out a Bulletin this week encouraging banks to make short-term small-dollar installment loans to their customers—basically bank payday loans.  The OCC seems to envision 2-12 month amortizing, level-payment loans, but they're meant to be a payday substitute.  

I suspect many readers of this blog will react with indignation and possibly shock (well, maybe nothing's shocking these days), but I think the issue is more complicated.  Depending on what one sees as being the policy problem posed by payday lending, bank payday lending might make a lot of sense.  Specifically, if one sees the policy issue with payday lending as being its high costs, then bank payday lending (like postal banking) holds out the promise of lower-cost loans. If, however, one sees the policy issue as being about payday borrower’s inability to repay even the principal on their loans, then bank payday lending (or postal payday lending) isn’t a solution at all, but a whitewash. Yet, as we'll see, there's surprising convergence between these positions on the ground in regulatory-land.

More Competition Isn’t Necessarily a Good Thing in Payday Lending

Read More from: Credit Slips

23 hours 43 min ago

New European Union privacy rules could serve as a guide for U.S. banks.

Read More from: BankThink

1 day 34 min ago

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