2020-07-02
As PPP enters forgiveness phase, some banks see outsourcing as best move; after the Fed’s stress tests, Wells Fargo to cut dividend while other big banks boost capital buffer; Supreme Court strikes down CFPB leadership structure; and more from thi
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2020-07-02
The class A notes, secured by legacy trust-preferreds and subordinated debt of institutions, carry an investment-grade A1 rating from Moody's.
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2020-07-02
The investment firm is the latest nonbank to try to enter banking through a Utah-based ILC.
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2020-07-02
Tom Pahl, a former longtime regulator at the Federal Trade Commission, has led key rulemaking efforts for the consumer bureau.
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2020-07-02
While elevated loan-loss provisions are expected to eat into all banks’ earnings, midsize banks could suffer more than their big-bank rivals because they have fewer revenue drivers.
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2020-07-02
Heritage Trust Federal Credit Union will buy the bank's deposits and assume its liabilities.
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2020-07-02
Legal experts say it is now more likely that the Supreme Court will strike down the single-director governance framework for Fannie Mae and Freddie Mac’s regulator.
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2020-07-02
I have written previously on the Top Ten security clearance issues and problems
Read More from: Bonds & Botes, P.C.
2020-07-02
Helping their customers adjust to digital banking and pay crushing bills are just a couple of ways community bankers are reaching out.
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2020-07-02
Axcess Financial is using stronger authentication, studying up on bad actors and planning to use a federal service that automates verification of Social Security numbers.
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2020-07-01
The 2008 financial crisis transformed banking regulation. But how have those changes held up in the current recession, and what might be coming next?
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2020-07-01
As the economy continues to struggle there are going to be plenty of debt collection agencies scrambling to make settlement offers. They will present these offers to you like they’re offering you an incredible deal.
Read More from: Young, Marr & Associates
2020-07-01
The agency has proposed letting firms seek specific guidance, which can be applied to other institutions. But consumer groups worry the plan circumvents formal rulemaking.
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2020-07-01
The deal will create an $11 billion-asset banking company with operations in a number of markets around New York City.
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2020-07-01
Neil Dauby, the Indiana company's chief commercial banking officer, will have oversight of all operations, reporting directly to Chairman and CEO Mark Schroeder.
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2020-07-01
With stimulus money running out and forbearances set to expire, consumer spending is bound to shrink. That's bad news for business owners and their landlords, the Pittsburgh bank's CEO says.
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2020-07-01
The U.S. economy can escape another decadelong slog back to health if strong public measures or a vaccine curb virus surges, Federal Reserve Bank of San Francisco President Mary Daly said.
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2020-07-01
The Paycheck Protection Program propped up many banks' balance sheets in the first half of the year, but what will drive loan demand in the second half?
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2020-07-01
On June 9 the Consumer Financial Protection Bureau (CFPB) published a Factsheet on how to disclose title insurance on the Loan Estimate and Closing Disclosure, including when a negative owner’s title insurance cost disclosure is appropriate, and u
Read More from: Bankruptcy and Restructuring Blog