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All five are Republicans and they include senior House GOP leaders, contenders to head the Financial Services Committee and strong voices in favor of regulatory relief.

Read More from: BankThink

1 day 11 hours ago

Banks — especially smaller ones — are being told to brace themselves for a wave of ATM raids by cybercrooks. Industry officials are uncertain what information the red alert is based on, but experts say swift, sophisticated thefts are very doable.

Read More from: BankThink

1 day 11 hours ago

The trading ban is even less effective than feared at making the banking system safer.

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1 day 11 hours ago

It's a fickle industry, given the uncertainty over the Affordable Care Act and government reimbursements, but opportunities in lending to medical practices and device manufacturers make it hard to resist, bankers say.

Read More from: BankThink

1 day 11 hours ago

The Minneapolis company said Wednesday that Richard, a senior executive in its risk management office, will succeed Bill Parker in October.

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1 day 11 hours ago

While bankers typically donate more to the political re-election campaigns of Republicans, their giving has shifted more to Democratic incumbents in the Senate for the upcoming midterms.

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1 day 11 hours ago

The veteran banking attorney, who also worked at the FDIC and OCC, passed away Tuesday following a battle with cancer.

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1 day 11 hours ago

The division, created after Sunflower hired lenders away from other banks, will focus on asset-based lending to middle-market companies and investors.

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1 day 11 hours ago

While the industry's trend of supporting Republicans continues, Senate Democrats who backed reg relief are drawing key industry support.

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1 day 11 hours ago

But overexpansion, trade wars and escalating wages for drivers could cut the trip short for banks that have aggressively pursued business with large and midsize trucking companies.

Read More from: BankThink

1 day 11 hours ago

The letter from lawmakers to the bureau follows a report that the agency does not view the exams as explicitly required by the law.

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1 day 11 hours ago

The Banking Committee had delayed a vote on Kathy Kraninger’s confirmation after the Senate announced a short summer recess.

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1 day 11 hours ago

Chapter 7 Bankruptcy TrusteeThe court appoints a Chapter 7 bankruptcy trustee to preside over every Chapter 7 bankruptcy. The trustee is not entirely a neutral party. Although appointed by the court, the trustee works on behalf of the creditors.

Read More from: AllmandLaw

1 day 16 hours ago

Brian Pascus

Uber plans to use creative measures to remain competitive in New York City following the passage of bills that put a cap on and freeze the number of vehicles that may operate within the city for the next year.

On Wednesday, in a 39-6 vote, the New York City Council passed multiple bills that will pause the granting of new licenses for Uber, Lyft, and other ride-share companies for one year while a study is conducted by the Taxi and Limousine Commission (TLC) to determine the effects these companies are having on the city's transportation industry. The legislation passed by the city also grants a new minimum pay-rate for drivers.

Prior to the vote, City Council Speaker Corey Johnsons said, "We are pausing the issuance of new licenses in an industry that has been allowed to proliferate without any appropriate check or regulation," before adding that he does not expect the existing service for ride-sharing customers to diminish.

Read More from: Shenwick & Associates

1 day 20 hours ago

Gail DonaldsonIf you are like most parents, you will do practically anything to give your children the best education possible.  But for most, higher education is not possible without the assistance of student loans.  Many times, it’s grandparents who step up to assist their grandchildren achieve a higher education.  A new study by the Consumer Financial Protection Bureau (CFPB) reports that the number of older Americans with student loan debt has quadrupled over the last decade.

The Issue with Grandparents Cosigning

One of the issues that can arise for a grandparent is the inability to make the required student loan payment when it becomes due.  The American Seniors Association (ASA) is one organization that has raised awareness of this growing problem among retirees.  Many retirees are on a fixed income whether it is retirement or Social Security.  If these fixed sources of income are garnished, many cannot meet their day to day needs much less pay the required student loan payment once it goes into collections.  The CFPB says nearly 40% of the student loan borrowers 65 and older are in default.

Read More from: Bonds & Botes, P.C.

1 day 23 hours ago

Mark D’Arcy was in charge of regulatory reviews and annual stress tests; many see 10-plus point gains following removal of non-loan collections reports.

Read More from: BankThink

1 day 23 hours ago

Creditors often think that an involuntary bankruptcy petition is a great bargaining chip when faced with a recalcitrant debtor. However, the actual filing of an involuntary bankruptcy petition (when that petition is filed in “bad faith”) confers a considerable risk to the petitioning creditors.  Recently, the United States Court of Appeals for the Third Circuit issued an opinion that re-emphasizes just how risky bad faith involuntary petitions can be for creditors.

In that non-precedential opinion authored by Circuit Judge Rendell, the Third Circuit weighed in on whether a creditor can set off damages imposed against it due to a bad faith involuntary bankruptcy petition against its claims against the debtor.  U.S. Bank, N.A. v. Maury Rosenberg, No. 18-1249, 2018 WL 3640987 (3d Cir. July 31, 2018).

1 day 23 hours ago

Creditors often think that an involuntary bankruptcy petition is a great bargaining chip when faced with a recalcitrant debtor. However, the actual filing of an involuntary bankruptcy petition (when that petition is filed in “bad faith”) confers a considerable risk to the petitioning creditors.  Recently, the United States Court of Appeals for the Third Circuit issued an opinion that re-emphasizes just how risky bad faith involuntary petitions can be for creditors.

In that non-precedential opinion authored by Circuit Judge Rendell, the Third Circuit weighed in on whether a creditor can set off damages imposed against it due to a bad faith involuntary bankruptcy petition against its claims against the debtor.  U.S. Bank, N.A. v. Maury Rosenberg, No. 18-1249, 2018 WL 3640987 (3d Cir. July 31, 2018).

1 day 23 hours ago

Thirty Morris James attorneys in thirty-two practice areas were selected by their peers for inclusion in The Best Lawyers in America© 2019 edition. Additionally, three of those attorneys were named “Lawyer of the Year” for their respective practices, including David H. Williams for Education Law, Employment Law – Management, and Litigation – Labor and Employment, Richard Galperin for Healthcare Law, Medical Malpractice - Defendants, and Personal Injury Litigation – Defendants, and John M. Bloxom, IV for Real Estate. Congratulations to Kenneth L. Dorsney, Shannon S. Frazier, Kevin G. Healy, Eric J. Monzo, John H. Newcomer, Jr., K. Tyler O’Connell and Jill Spevack Di Sciullo for being recognized for the first time. More ›

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2 days 29 min ago

Harker v. PNC Mtg. Co. (In re Oakes), 581 B.R. 500 (6th Cir. B.A.P. 2018) – A chapter 7 trustee sought to avoid a recorded mortgage with a defective acknowledgment using his strong arm powers. The bankruptcy court ruled in favor … Continue reading

2 days 2 hours ago

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