2020-07-13
A class action asserts that the data aggregator accesses more of consumers' bank account information than it needs and ultimately aims to sell the data to others. Plaid, which has agreed to be sold to Visa, denies the allegations.
Read More from: BankThink
2020-07-13
Even though fewer cases are reported among the agency's employees compared to the government average, the watchdog said the Federal Deposit Insurance Corp. should improve its anti-harassment training and other procedures.
Read More from: BankThink
2020-07-13
I have not been in a courtroom since the first part of March. Courts have adapted to life under Covid-19 with a combination of telephonic and video hearings.
Read More from: A Texas Bankruptcy Lawyer's Blog
2020-07-13
Canadian consumers are changing their banking habits to reduce physical contact with others because of COVID-19, according to a new study by McKinsey & Co.
Read More from: BankThink
2020-07-13
2020 is on pace to set a record as the busiest year for bankruptcy filings since the Great Recession.
Read More from: Bankruptcy Law Insights
2020-07-13
Policymakers have eased some rules and the Supreme Court recently dealt a blow to the Consumer Financial Protection Bureau.
Read More from: BankThink
2020-07-13
With the COVID-19 health pandemic wreaking havoc on jobs, investments, consumer debt and lending, secured credit cards can address a vital need for people who may not have considered the product in the past.
Read More from: BankThink
2020-07-13
Regulators can only delay the move to a new interest rate index alternative for so long.
Read More from: BankThink
2020-07-13
The Federal Reserve's extraordinary effort to keep credit flowing to companies during the COVID-19 pandemic is also shunting money to banks' bottom lines.
Read More from: BankThink
2020-07-13
A Bloomberg News analysis shows that the data for Paycheck Protection Program loans totaling more than $521 billion released on July 6 are riddled with anomalies.
Read More from: BankThink
2020-07-12
The pressure is on for banks to help Black and Hispanic households build net worth. Many say that starts with diversifying the ranks of middle and upper management.
Read More from: BankThink
2020-07-11
New president of Promontory Interfinancial Network says recession will cause "hundreds" of nonbank disruptors to fail; lenders face dilemma over offering Main Street loans to noncustomers; PNC Financial expands, diversifies executive leadership te
Read More from: BankThink
2020-07-10
For all banks' claims that credit unions pose a threat to their commercial lending market share, they've accounted for just 2% of volume in the Paycheck Protection Program.
Read More from: BankThink
2020-07-10
However, for those that aren't current bank customers, they need to have $1 million in a qualifying account.
Read More from: BankThink
2020-07-10
Below please find a link to a newly-updated version of the Sheppard, Mullin, Richter & Hampton LLP (Sheppard Mullin) Paycheck Protection Program (PPP) Loan Forgiveness Estimator Workbook (the Workbook), which was cre
Read More from: Bankruptcy and Restructuring Blog
2020-07-10
The panel later this month will vote on the nomination of Judy Shelton, whose views on certain policy issues have met with skepticism from both Democrats and Republicans.
Read More from: BankThink