2020-07-15
Greater Nevada Credit Union, like a number of community banks, agreed to sell its Paycheck Protection Program loans to avoid having to navigate the complicated forgiveness process.
Read More from: BankThink
2020-07-15
JPM Chase, Citi and Wells put aside an additional $28 billion in Q2 for future loan losses; Fed governor Brainard warns of future risks, but St. Louis Fed chief says the worst may be over.
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2020-07-14
A recent ruling declaring the Consumer Financial Protection Bureau’s structure unconstitutional signaled that a similar outcome awaits the Federal Housing Finance Agency.
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2020-07-14
He co-founded California Rural Legal Assistance, Public Advocates and the Greenlining Institute
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2020-07-14
The council created by the Dodd-Frank Act to identify systemic risks launched a review of the market as part of an activities-based approach that shifts focus away from targeting individual firms.
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2020-07-14
The energy sector, retail and hospitality are among the industries that are faring poorly during the pandemic. The bank expects loan losses to remain elevated well into 2021.
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2020-07-14
Unity Bancorp must improve its policies and procedures, and increase staff training, for following Bank Secrecy Act and anti-money laundering laws.
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2020-07-14
Home purchases in markets outside of cities accounted for some of the San Francisco bank's loan growth. Executives believe this will be a long-term trend because a generous supply of inventory in less populated areas will appeal to buyers.
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2020-07-14
Net charge-offs fell at Citigroup and Wells Fargo, thanks to forbearance and federal stimulus. Leaders of those banks are warning that delinquencies could rise once the benefits of those programs wear off.
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2020-07-14
Megabanks like JPMorgan Chase boosted loan-loss provisions to record levels in the second quarter in preparation for what could be a wave of loan defaults.
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2020-07-14
Pedro Bryant will oversee a $3 million effort to fund small businesses in disadvantaged communities.
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2020-07-14
JPMorgan Chase is one financial institution that plans to test Google Cloud’s new Confidential Computing product.
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2020-07-14
The Second Circuit has sided with a blogger who was sued for defamation for his headline "TCPA Class Certification Denial Exposes Major Spousal Scheme." Wexler v. Dorsey & Whitney, LLP, 2020 U.S. App. LEXIS 21474 (2nd Cir. 7/9/20).
Read More from: A Texas Bankruptcy Lawyer's Blog
2020-07-14
Switching core banking systems has long been done face to face, but the pandemic has driven the process into the digital arena. The change could be permanent.
Read More from: BankThink
2020-07-14
The Fed’s recent action capping dividend payments might prove inadequate once the coronavirus crisis really hits banks’ capital.
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2020-07-14
Keri Ebeck, Esq.Partner at Bernstein-Burkley, P.C. COVID-19 has obviously affected everything and everyone, including how we work and communicate with one another.
Read More from: Bernstein-Burkley, P.C.
2020-07-14
More owners are permanently shutting their doors after new lockdown orders, realizing that there may be no end in sight to the crisis.
Read More from: Shenwick & Associates