Bankruptcy Blogs

Older crowd embraces online banking, rewards firms' digital push

06/01/20

It took a global pandemic to get many baby boomers to bank online. Lenders have taken notice.

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SBA looks to CDFIs in PPP lending; U.K. banks worried about ‘PR disaster’

06/01/20

The agency is trying to get small lenders to help underserved businesses get the loans; although the British government is guaranteeing small business loans, banks are required to collect on delinquents.

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Digital Banker of the Year: Quontic's Patrick Sells

05/31/20

How a twentysomething marketing entrepreneur helped transform a small community development financial institution into a digital leader.

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Digital Banker of the Year: Quontic's Patrick Sells

05/31/20

How a twentysomething marketing entrepreneur helped transform a small community development financial institution into a digital leader.

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Attorney Convicted of Embezzling Estate Funds Denied Compassionate Release Pending Sentencing

05/30/20

The U.S. District Court for the Eastern District of Ohio denied a request by John W.

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Big-bank execs condemn racism after George Floyd death

05/30/20

The chiefs of some of the biggest U.S. banks called on their workers to fight racism after an unarmed black man died as a result of a white police officer kneeling on his neck, prompting nationwide protests.

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District Court Orders U.S. Marshall to Arrest and Incarcerate Debtors Held in Civil Contempt

05/29/20

The U.S. District Court for the District of Nebraska took the unusual step of directing the U.S. Marshall to located, arrest and incarcerate two pro se debtors found in civil contempt for repeatedly failing to obey orders of a Nebraska bankruptcy court.  The case is In re Berg, No. 8:19-cv-00452. 

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Rakuten refiles with FDIC for ILC charter

05/29/20

The Japanese e-commerce giant is taking another run at a U.S. banking charter after receiving feedback from the Federal Deposit Insurance Corp. about its initial application, which was withdrawn earlier this year.

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Credit card lenders clamp down to mitigate coronavirus risk

05/29/20

Since March, issuers have tightened their criteria for opening new accounts and closed millions of existing ones in hopes of avoiding waves of defaults.

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PPP loan forgiveness, BofA’s cost cutting, Amex’s cloud commitment: Top stories of the week

05/29/20

The SBA issues guidance on Paycheck Protection Program loan forgiveness; after staffing up for PPP, Bank of America may need to delay investments to meet cost targets; American Express has leaned hard on cloud tech to help employees work at home during the pandemic.

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