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As major vendors consolidate, financial institutions should be looking to adopt emerging technologies, rather than relying solely on legacy firms to provide services.

Read More from: BankThink

1 week 1 day ago

The House Financial Services Committee will hold a hearing Feb. 26 on "holding credit bureaus accountable" — one of seven hearings scheduled by the panel for the month.

Read More from: BankThink

1 week 1 day ago

In a major victory for small-dollar lenders, the agency plans to rescind underwriting requirements that were the centerpiece of the rule drafted by a Democratic appointee.

Read More from: BankThink

1 week 1 day ago

After essentially failing its 2013 CRA exam, BBVA Compass embarked on an ambitious plan to achieve the highest possible CRA grade. Here’s how it succeeded.

Read More from: BankThink

1 week 1 day ago

John Asbury says his Virginia bank, soon to be renamed Atlantic United Bank, could eventually stretch from Charlotte, N.C., to Baltimore and take on the big players that dominate those markets.

Read More from: BankThink

1 week 1 day ago

A former audit executive at Citi and Amex, Julie Scammahorn is replacing David Julian, who remains on administrative leave. She will join the bank in April.

Read More from: BankThink

1 week 1 day ago

Swift is showing more swagger in its rivalry with Ripple thanks to progress it has made with a multifaceted payments-tracking technology called GPI.

Read More from: BankThink

1 week 1 day ago

Listen up if you’ve done business with PG&E, now or in the past. The PG&E bankruptcy affects you in varying ways, as we explore below.

You have some important decisions to make, such as:

  • Should you keep doing business with PG&E? If you do are you going to get paid? When?
  • What about money PG&E owes you now – when and how will you get paid, and how much will you eventually get?
  • What about the contract or commercial real estate lease you have with them?
  • Or the union contract you are working under.
  • Should you sell your claim?

If you are a customer: yes, you have to pay your bill and no, the lights aren’t going out – unless of course you don’t pay your bill.

Read More from: The Soap Box

1 week 2 days ago

Things Remembered, Inc., a retailer of engraved and personalized gifts headquartered in Highland Heights, Ohio, has filed a petition for relief under chapter 11 in the Bankruptcy Court for the District of Delaware (Lead Case No. 19-10234).  Although first day motions have not yet been filed, the Debtor issued a press release this morning announcing that it intends to sell substantially all of its assets under section 363 of the Bankruptcy Code to Enesco, LLC.  The Debtor’s petition reports an estimated $50 – $100 million in assets and $100 – $500 million in liabilities.  A claims and noticing agent has not yet been proposed.  The case has been assigned to the Honorable Brendan Linehan Shannon.

Contact Norman L. Pernick, G. David Dean or Myles R. MacDonald for more information regarding this matter.

1 week 2 days ago

Things Remembered, Inc., a retailer of engraved and personalized gifts headquartered in Highland Heights, Ohio, has filed a petition for relief under chapter 11 in the Bankruptcy Court for the District of Delaware (Lead Case No. 19-10234).  Although first day motions have not yet been filed, the Debtor issued a press release this morning announcing that it intends to sell substantially all of its assets under section 363 of the Bankruptcy Code to Enesco, LLC.  The Debtor’s petition reports an estimated $50 – $100 million in assets and $100 – $500 million in liabilities.  A claims and noticing agent has not yet been proposed.  The case has been assigned to the Honorable Brendan Linehan Shannon.

Contact Norman L. Pernick, G. David Dean or Myles R. MacDonald for more information regarding this matter.

1 week 2 days ago

We’ve written previously about Climate Action 100+, an investor led group representing over $32 trillion in assets under management, and its campaign against 161 or so of the largest publicly traded companies seeking to have these companies improve their greenhouse gas emitting practices.

Climate Action 100+ has experienced recent successes in its engagement efforts with a few companies, the details of which are available on its website.  In particular, a few companies have agreed to increased public reporting of their climate change strategies and, most notably, to adopt executive compensation metrics tied to greenhouse gas reduction targets.  Earlier this week, the group issued a report describing what it believes the steel industry should do to reduce greenhouse gas emissions and related public disclosure of those efforts. 
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1 week 2 days ago

Volume was steady, but deal values would've been the lowest in years if not for one big, and very intriguing, transaction.

Read More from: BankThink

1 week 2 days ago

Following the State of the Union speech Tuesday night, members of the House and Senate banking committees said they were intent on trying to address the biggest unresolved piece of financial services policy: housing finance reform.

Read More from: BankThink

1 week 2 days ago

Once a moneymaker and executive training spot, the business is no longer cost-effective; Edward Bramson wants a board seat.

Read More from: BankThink

1 week 2 days ago

The company will gain four branches in Athens, Ga., as part of the $52 million acquisition.

Read More from: BankThink

1 week 2 days ago

HSBC Bank USA, N.A. v. Crum, 907 F.3d 199 (8th Cir. 2018) – A mortgagee brought an action in district court seeking to foreclose its mortgage. It filed a summary judgment motion that was granted by the district court. The debtor … Continue reading

1 week 2 days ago

Despite recent chatter about a delay, there’s reason to believe the Current Expected Credit Losses accounting standard will go into effect next year. Regulators should do more to help smaller institutions prepare.

Read More from: BankThink

1 week 2 days ago

Banks are a primary market to be pursued by Blue Hexagon, which received $31 million in venture capital.

Read More from: BankThink

1 week 2 days ago

Shareholders in Subchapter S corporations will get some tax relief of their own under a new Treasury Department rule that will let them take a 20% deduction on qualified business income, which includes loan originations and sales.

Read More from: BankThink

1 week 2 days ago

The lender collected at least $21,800 that consumers did not owe and harassed borrowers' personal references, according to a CFPB settlement.

Read More from: BankThink

1 week 2 days ago

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