Bank of America announced how it plans to spend a third of its $1 billion commitment to address racial and economic inequities and the effects of the coronavirus pandemic in communities of color.
The fintech and the Minnesota bank it acquired last week, renamed Mid-Central National Bank, intend to pioneer a new method of storing and moving money for consumers.
Thanks to a donation from the Credit Union Federation of Korea, the global trade group is working with international partners to distribute personal protective equipment to institutions in need.
Fintech lenders that reported a surge in missed payments at the start of the pandemic have seen credit quality rebound substantially since. But credit performance could still deteriorate if high unemployment persists and Congress fails to enact more relief measures.
The Ohio regional added a feature to its mobile app that analyzes a customer's spending habits before sweeping small amounts of cash into a savings account.
Bartow Morgan Jr., who ran Brand Banking when it was sold to Renasant, also plans to raise $150 million to expand the seller's products and services.
Even though financial institutions have "slightly" stepped up assessments of diversity practices, "we are not satisfied with the level of responsiveness,” a senior Federal Reserve official said in congressional testimony.
The bank said the conduct includes “instances of customers misusing Paycheck Protection Program Loans, unemployment benefits and other government programs.”
Tom Malicki is a long-time senior partner at Abrahams Kaslow & Cassman LLP in Omaha, Nebraska. He practices in the areas of corporate law, business law, energy law and estate planning. This podcast, however, is really a trip down memory lane for me as I first met Tom when he pitched against me as a 6th grader. We both attended Wheeling High School and, where a lot of our friends played one or two sports, Tom played three; baseball, basketball and football.
Read More from: Bonds & Botes, P.C.
Over the past 30+ years, Bond & Botes has been blessed with passionate attorneys who counsel their clients through trying times with care and attentiveness. Monica Blanding is a prime example of the passion and empathy we aim to embody as trusted partners in this practice area.
Having taken the State of Alabama Bar Exam in the summer of 2019 and becoming a licensed practitioner shortly thereafter, Monica quickly immersed herself in several meaningful legal communities. She is a member of the State of Alabama Bar Association, Birmingham Bar Association, and the Bankruptcy and Commercial Law Section of the Birmingham Bar Association. Monica also served her community as an administrative officer at the University of Alabama – Birmingham, a volunteer for AmeriCorps/Civitan, and as an Alabama Peace Officer.
Read More from: Bonds & Botes, P.C.
Read More from: Mediatbankry
Hey, if you cannot pay your bills, why file a payment plan bankruptcy case? Payment plan does NOT mean 100% payment of all your debts. Credit Card Interest Lovely industry, credit cards. The business model is based on you falling behind so that the default...
The post Why Do A Chapter 13 Payment Plan Bankruptcy In Michigan? appeared first on Detroit Bankruptcy Lawyer Kurt O'Keefe.
Read More from: Stop Creditor
A new report from the National Credit Union Administration shows how hard the industry was hit during the second quarter as businesses closed and consumer spending dropped.
Several community banks that put buybacks on hold during the pandemic’s earliest days have recently authorized new plans, signaling an easing in regulatory pressure and greater comfort with capital levels.
DebtCon4 (aka the 4th Interdisciplinary Sovereign Debt Research and Management Conference) was all set to meet at the European University Institute tomorrow ... then #2020 tried to one-up snowzilla. But DebtCon does not quit--certainly not when exports crater, inflows turn into outflows, and debt levels go through the roof around the world--DebtCon doubles down, marches on, and smites the plague with a truly humbling show of global cooperation.
When DebtCon4 in Florence had to be postponed to 2021, ten host committees around the world miraculously reconstituted as the first-ever virtual Distributed DebtCon (#DDebtCon), a two-week sovereign debt-a-thon spanning nine countries,* five time zones, and every continent save for Australia and Antarctica.
Read More from: Credit Slips
Read More from: Diane L. Drain - Phoenix Bankruptcy & Foreclosure Attorney
How Bank of America plans to stay ahead of the pack in digital banking; Wells Fargo gets top marks for COVID-19 safety; PPP lenders nearing $10B asset mark fear regulatory ordeal; and more from this week’s most-read stories.
The New Mexico company had recently hired James Crotty, a former director at Keefe, Bruyette & Woods, to serve as its co-CEO.
Institutions considering new technologies must ask themselves what they're looking for not just from a product but from a partner.
A New York CDFI is halfway to its $100 million fundraising goal for a fund that would put deposits in Black-owned banks and make loans to key businesses or projects. It hopes the moves will improve availability of capital and access to mainstream financial products.