Bankruptcy Blogs

Connecticut bank halts small-dollar loan program due to high demand

04/03/20

The $5.9 billion-asset Liberty Bank in Middletown had set aside $5 million to make small-dollar loans to customers affected by the coronavirus pandemic.

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FDIC extends brokered deposit comment period, citing coronavirus

04/03/20

The agency proposed changes in December to how customer relationships affect the definition of brokered funds, which has big implications for banks that are not well-capitalized.

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Organizers plan women-owned bank in Houston

04/03/20

The proposed Agility Bank would rely heavily on digital offerings. It is pursing a national charter with the Office of the Comptroller of the Currency.

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Dodd-Frank didn’t build stress testing for coronavirus

04/03/20

Requiring banks to test themselves is likely to be a waste of time in the current crisis, says a former Senate Banking counsel.

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Mortgage servicers teeter near crisis that regulators saw coming

04/03/20

Nonbank financial firms spent years lobbying against tougher regulation and stricter capital requirements, arguing they didn't pose a risk to the financial system. Now, many of those companies say they are in desperate need of a bailout.

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Dimon returns to work; Fannie, Freddie may need bailout if lockdown persists

04/03/20

The CEO says he is getting stronger and working remotely; if the lockdown lasts several months, the GSEs may need a bailout, FHFA head Mark Calabria says.

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Is now the right time for banks to resume small-dollar lending?

04/02/20

Regulators point to traditional financial institutions as well-positioned to meet short-term credit needs during the coronavirus pandemic, but there are still a host of questions about whether the industry should try to compete with high-cost lenders.

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Emergency loan program plagued by chaos on eve of launch

04/02/20

Many bankers find crucial parts of the SBA effort to help businesses hurt by the coronavirus outbreak to be unclear and onerous. If those issues go unresolved, participation could suffer.

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Home lenders brace for up to 15 million mortgage defaults

04/02/20

Mortgage lenders are preparing for the biggest wave of delinquencies in history. If the plan to buy time works, they may avert an even worse crisis: Mass foreclosures and mortgage market mayhem.

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Banks tighten lending to nervous homeowners hoping to tap equity

04/02/20

The worsening economy brought on by the coronavirus pandemic has big banks rethinking who they will lend to.

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