2020-11-18
The success of some fintechs in getting bank charters this year only underscores how onerous the process remains for many others. That’s unlikely to change unless policymakers reconsider what it means to be a bank.
Read More from: BankThink
2020-11-18
The Trump administration has moved forward on a plan to privatize Fannie Mae and Freddie Mac, but Joe Biden appointees could take steps to slow or stop their release from conservatorship.
Read More from: BankThink
2020-11-18
The complaint charges the fintech startup with misleading customers about the interest they'd receive on deposits and the level of access to their money. It seeks an unspecified amount of consumer relief in addition to other remedies.
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2020-11-18
The new capital framework for Fannie Mae and Freddie Mac is a prelude to letting the mortgage giants potentially retain all their earnings. But efforts to privatize the companies could face pushback from the Biden administration.
Read More from: BankThink
2020-11-18
Are you concerned about your aging or elderly parents’ financial wellbeing?
Read More from: Bonds & Botes, P.C.
2020-11-18
The startup, created in partnership with conversational AI platform LivePerson, will encourage users to send sums of money to strangers.
Read More from: BankThink
2020-11-18
The latest report from the American Customer Satisfaction Index reported lower scores for both industries, with credit unions recording their lowest ranking since 2011.
Read More from: BankThink
2020-11-18
JPMorgan Chase CEO Jamie Dimon says the partisan bickering over coronavirus relief aid is harming households and businesses and jeopardizing the chances of an economic recovery.
Read More from: BankThink
2020-11-18
CIT Group over a year's time brushed off several offers from First Citizens BancShares, entertained rival bids and kept negotiating on price and board representation before striking a deal, according to a new regulatory filing.
Read More from: BankThink
2020-11-18
The two companies have worked together to provide a banking app that community banks can implement and deploy in 30 days.
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2020-11-18
Cameron Minges will become president of the Indianapolis-based credit union effective Jan. 1.
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2020-11-18
Google has redesigned Google Pay to add new financial management and loyalty features; and to offer consumers checking and savings accounts from partner banks and credit unions in 2021.
Read More from: BankThink
2020-11-18
More lenders and governments should partner with community development financial institutions to ensure aid reaches minority-owned businesses that are the backbone of many neighborhoods slammed by the coronavirus.
Read More from: BankThink
2020-11-18
On November 18, 2020, Aztec/Shaffer, LLC (d/b/a Aztec Events & Tents), a party rental and tenting company based in Houston, TX, filed a voluntary
Read More from: Cole Schotz P.C. Bankruptcy & Restructuring Law Blog
2020-11-18
On November 18, 2020, Aztec/Shaffer, LLC (d/b/a Aztec Events & Tents), a party rental and tenting company based in Houston, TX, filed a voluntary
Read More from: Bankruptcy and Restructuring Law Monitor
2020-11-18
A group at George Washington University has been working to open a de novo institution to serve students, but the would-be institution faces a variety of hurdles before it can open its doors.
Read More from: BankThink
2020-11-18
In a recent mega-retail case, our client had outstanding, pre-petition purchase orders (“POs”) for goods the debtor wanted delivered. It’s true that post petition suppliers have an administrative priority to get paid.
Read More from: Wayne Greenwald, P.C.
2020-11-17
The Term Asset-Backed Securities Loan Facility was brought back to inject $100 billion into the pandemic-battered economy, but only a fraction has been disbursed.
Read More from: BankThink
2020-11-17
The Trump administration said it has picked Brian Brooks, who has led the Office of the Comptroller of the Currency in an acting capacity, to be considered by the Senate for a five-year term.
Read More from: BankThink