Employees saw the bank’s cybersecurity unit's shortcomings; the state seeking records related to hidden profits from the family's opioid business.
Readers react to states investigating payroll advance companies and the GOP's weak response to cannabis banking, heed a warning that nonbanks are prepared for CECL and more.
With long-term interest rates at historic lows, mortgage refinancing is coming on strong. But that additional revenue may not be enough to offset net interest margin pressures and lost servicing income.
Christopher Maher is kicking the tires on an "acquisition of size" that would propel the New Jersey bank across the $10 billion-asset mark.
The Federal Housing Administration updated its lender certification proposal originally issued this past May, as it looks to ease industry concerns on False Claims Act enforcement.
Kenneth Montgomery, a top executive at the Federal Reserve Bank of Boston, will head the push to make faster payments available across the industry in the next four to five years.
The broker and the companies he operated allegedly induced veterans to hand over their federal benefits in violation of the law.
Sen. Elizabeth Warren, D-Mass., and three House members are seeking more details about Paul Watkins' past work with an organization the Southern Poverty Law Center says is an anti-LGBTQ hate group.
The bank is moving a large analytics program and a massive amount of data into Google's public cloud, which its tech chief says is more efficient, secure and better able to handle spikes in demand.
The industry has long worried that the ability-to-repay rule gives borrowers an avenue to fight foreclosure, but one plaintiff’s experience may discourage others from trying.
The accounting standard is coming regardless of a delay. It will bring some nonbank lenders to the forefront of banking competition.
(PITTSBURGH) August 15, 2019 – Bernstein-Burkley is pleased to announce that partners, Robert S. Bernstein, Kirk B. Burkley, Kit F. Pettit and Keri P. Ebeck have been selected by their peers for inclusion in the 26th Edition of The Best Lawyers in America®. Robert Bernstein, Co-Managing Partner, was recognized in the fields of Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law, and Litigation – Bankruptcy. This will be the 13th consecutive year that Bernstein has been acknowledged by Best Lawyers®. He has also previously been named Litigation – Bankruptcy “Lawyer of the Year” in Pittsburgh. Kirk Burkley, Co-Managing Partner, was selected in the area of Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law. This will be the 10th consecutive year that Burkley has been acknowledged by Best Lawyers®. Also recognized were Kit Pettit, Partner, for his work in Real Estate Law, and Keri Ebeck, Partner, for her work in Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law. This is the first year that both have been acknowledged by Best Lawyers® ABOUT BERNSTEIN-BURKLEY Bernstein-Burkley is a highly regarded and respected Pittsburgh-based law firm with a national reach in Bankruptcy and Restructuring, Creditors’ Rights, Business and Corporate Transactions, Litigation, Real Estate, and Oil and Gas. The firm has cultivated a reputation for excellence over the course of 50 years in the business community.
Read More from: Bernstein-Burkley, P.C.
The former Amazon employee got info from 30 other entities, prosecutors say; another bad day for bank stocks, with 3% losses typical.
Read More from: Mediatbankry
Another week, another raft of stories.
But first, if National Collegiate Trust, or, more accurately one of the more than a dozen National Collegiate Trusts is suing you, I can help.
Well, most of the loans are in forbearance or deferment or not due yet or some other reduced plan.
And there are the cosigned or Parent Plus student loans.
Read More from: Discharge Student Loan
People’s United offered 30% more in the summer of 2018 for United Financial than it agreed to pay in a deal announced last month. What followed the initial talks is a textbook lesson in the impact of indecision and the unexpected in bank M&A.
The LendingClubs and SoFis of the world have a big head start, but HSBC's U.S. unit says its partnership with the fintech Avant will help it close the gap in online personal loans.
The 2020 election is shaping up to be a key yardstick for legislation expanding cannabis firms’ financial services access.
The company withdrew an earlier bid to become an ILC after regulators identified problems with its application. It is seeking a Nevada bank charter because it wants to add deposit management services and expand into small-business lending.
Black and Hispanic owners of one-person businesses are more likely to be discouraged from applying for financing, and they’re less likely to receive financing when they do apply for it, than their white counterparts, according to a new report from the New York Fed.