ABI Blog Exchange

The nation's third-largest credit union saw a huge lending spike in 2020, especially in its mortgage division, while membership grew by 159%, thanks in part to merger activity.

Read More from: BankThink

2 days 11 hours ago
First Bank in New Jersey, Northeast Bank in Maine and others have warmed to the idea of using software to streamline Paycheck Protection Program lending so that employees can be more hands-on with customers.

Read More from: BankThink

2 days 12 hours ago
A co-founder of Anchorage Trust Co. said its digital bank, which will not take insured deposits, will enable the company to strengthen partnerships with financial institutions that offer custody services for clients’ cryptocurrency assets.

Read More from: BankThink

2 days 12 hours ago
The pace of forgiveness for Paycheck Protection Program loans is expected to accelerate when the Small Business Administration issues guidance on additional steps meant to streamline the process.

Read More from: BankThink

2 days 13 hours ago
In short, the answer is: “PROBABLY NOT!”  Under current Pennsylvania law, police can now no longer search a vehicle unless they have two (2) things: probable cause AND exigent circumstances.

Read More from: Young, Marr & Associates

2 days 13 hours ago
Jamie Dimon said the reason JPMorgan Chase paused donations from its political action committee is to give the biggest U.S. bank time to reevaluate how it contributes to campaigns following last week's deadly siege on the Capitol.

Read More from: BankThink

2 days 13 hours ago
On January 1, 2021, California’s homestead exemption grew from a prior low of $75,000 to a minimum of $300,000, to as much as $600,000, depending on county wide home prices.

Read More from: Bankruptcy Mastery

2 days 14 hours ago
The Small Business Administration will allow lenders with less than $1 billion of assets to process applications in two days. The portal will open to all lenders on Tuesday.

Read More from: BankThink

2 days 15 hours ago
A new amendment was recently enacted in Michigan whi

Read More from: Michigan Bankruptcy Blog

2 days 15 hours ago
In the pandemic age, banks are getting creative in a bid to keep affluent customers.

Read More from: BankThink

2 days 15 hours ago
Several financial tech companies that applied to become national banks are seeking exemptions from many provisions of the Community Reinvestment Act.

Read More from: BankThink

2 days 15 hours ago
After calling off its bid to buy the data aggregator Plaid, the card network is shifting its focus back to its role as an enabler of digital payments and related services.

Read More from: BankThink

2 days 17 hours ago
Driver Management will try for a second straight year to gain a board seat at First United.

Read More from: BankThink

2 days 17 hours ago
The company said it would have eventually prevailed against the DOJ’s antitrust suit; the Ohio senator says the panel will focus on climate change and housing issues.

Read More from: BankThink

2 days 19 hours ago
A Democratic majority in Washington may help advance a number of key legislative issues for the industry, such as passage of a national data security standard. However, it could also lead to a renewed focus on consumer protection laws.

Read More from: BankThink

2 days 22 hours ago
Commercial real estate portfolios have held up better than expected during the pandemic. But rising delinquencies and fears of a delayed economic recovery are renewing questions about credit quality.

Read More from: BankThink

3 days 6 hours ago
The much-ballyhooed COVID relief bill passed by Congress at the end of last year, in addition to providing for $600 checks to millions of people, includes several COVID-related amendments to the U.S. Bankruptcy Code.

Read More from: Bankruptcy Law Insights

3 days 6 hours ago
Brian Brooks is planning to leave the Office of the Comptroller of the Currency within days, according to a published report and a source familiar with the situation.

Read More from: BankThink

3 days 9 hours ago
Visa and Plaid have terminated their tie-up and reached an agreement with the Department of Justice to dismiss the litigation brought against them when the deal raised antitrust questions.

Read More from: BankThink

3 days 10 hours ago
Sen. Sherrod Brown, D-Ohio, said elevating affordable housing issues, examining the financial system through a climate and racial justice "lens" and holding banks accountable for their impact on consumers will be among his priorities.

Read More from: BankThink

3 days 10 hours ago

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