2020-04-07
Simmons Bank in Arkansas is dealing with extra traffic on its digital channels and added call volume while communicating with customers through email, push notifications and even snail mail as well as its new app, says Alex Carriles.
Read More from: BankThink
2020-04-07
The online lender, which is looking to become a direct lender in the Paycheck Protection Program, has accepted 37,000 applications while working with an unnamed bank to fund businesses harmed by the coronavirus pandemic.
Read More from: BankThink
2020-04-07
Five Democrats on the Senate Banking Committee sent a letter to Director Kathy Kraninger calling the agency's response to COVID-19 “tepid and ineffectual at best.”
Read More from: BankThink
2020-04-07
The share of borrowers seeking payment relief rose more than tenfold as COVID-19 concerns grew and authorities encouraged the practice, according to the Mortgage Bankers Association.
Read More from: BankThink
2020-04-07
The Small Business Administration’s loan processing platform went down Monday for as long as four hours, temporarily halting the ability of lenders to process loans for small business owners seeking relief from the impact of the coronavirus.
Read More from: BankThink
2020-04-07
Soaring demand for loans from firms hard hit by the coronavirus pandemic has led to predictions that the program could soon run out of funds.
Read More from: BankThink
2020-04-07
thanks to my friend Cathy Moran for permission to lift this from her blog
Read More from: Stop Creditor
2020-04-07
The economic fallout from the COVID-19 pandemic will leave in its wake a significant increase in commercial chapter 11 filings.
Read More from: Bankruptcy Law Insights
2020-04-07
The acquisition would give SoFi control of a technology platform that is currently used by some of its competitors in digital banking.
Read More from: BankThink
2020-04-07
The government should encourage community lenders to offer six-month loan repayment forbearances to struggling businesses before it’s too late.
Read More from: BankThink
2020-04-07
TrueAccord has expanded a platform, originally designed for banks, to assist borrowers hurt by the coronavirus pandemic.
Read More from: BankThink
2020-04-07
The Cincinnati company will hire about 950 workers to meet heightened demand for loan deferrals and other forms of relief clients are seeking to weather the economic fallout of the coronavirus outbreak.
Read More from: BankThink
2020-04-07
The OCC and FDIC are holding off on easing debt limits in response to the coronavirus pandemic, leaving billions of dollars locked up at banking subsidiaries that could be used for lending amid the deepening economic crisis.
Read More from: BankThink
2020-04-07
We are happy to offer IMMEDIATE, Live Teleconferences via Zoom, Facetime, or telephone with Chris Wesner himself. Speak with an attorney immediately. Contact us by telephone or email, ASK FOR CHRIS and I’ll get in touch with you ASAP!
Read More from: Chris Wesner Law Office LLC
2020-04-07
Parties talking about a temporary lift of Wells' asset cap; GDP would have to drop an “unlikely” 35% in Q2 before JPMorgan would be forced to stop payouts.
Read More from: BankThink