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.
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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.
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2020-07-13
Regulators can only delay the move to a new interest rate index alternative for so long.
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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.
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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.
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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.
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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
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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.
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2020-07-10
However, for those that aren't current bank customers, they need to have $1 million in a qualifying account.
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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
2020-07-10
After tech firms assisted community bankers in processing applications in the Paycheck Protection Program, small-business lenders are continuing to engage with cloud providers and other outside companies to automate the loan forgiveness process.
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2020-07-10
By Salene Mazur Kraemer, Esq.Partner, Bernstein-Burkley One of the major issues resulting from the COVID-19 pandemic has been what landlords and property owners should do about evictions and foreclosures for occupants having difficulty making paym
Read More from: Bernstein-Burkley, P.C.
2020-07-10
Citizens Bancorp Investment has agreed to buy American Bancshares in a deal expected to close later this year.
Read More from: BankThink