Bankruptcy Blogs

Plaid launches exchange to help banks share data with fintechs

05/19/20

The company's new service is intended to help small banks share account data while avoiding screen scraping.

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Borrowers in forbearance can refinance under certain conditions: FHFA

05/19/20

The Federal Housing Finance Agency clarified that borrowers with Fannie Mae- or Freddie Mac-backed mortgages who have entered into forbearance plans can be eligible for a refi or new purchase once they are considered “current” on their mortgage.

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The fintechs that are pitching in on coronavirus relief

05/19/20

Tilman Ehrbeck, managing partner at Flourish Ventures, a mission-driven venture capital firm that spun out of the Omidyar Network last year, explains how startups like Summer, Propel, Steady and Cushion are helping people cope with debt and cash flow problems.

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Warren wants CEOs held criminally liable for bailout violations

05/19/20

Sen. Elizabeth Warren is calling on the Federal Reserve to hold corporate executives personally liable if they take bailout money intended to bolster credit markets and fail to meet all the certification requirements.

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Jamie Dimon says virus is a wake-up call to address inequalities

05/19/20

The JPMorgan Chase CEO said he hopes policymakers use the COVID-19 crisis as a catalyst to rebuild a more inclusive economy as the pandemic exposes stark inequalities among Americans.

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Truist discloses $125 million in expenses tied to rebranding

05/19/20

The company, formed by the merger of BB&T and SunTrust, shared the information in response to a credit union's legal challenge to its new name.

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CrossFirst in Kansas looks within for its new CEO

05/19/20

Mike Maddox will succeed George Jones on June 1.

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Survey: minorities slighted by PPP; Fed official to banks: Relax

05/19/20

Black and Latino business owners were less likely to get loans than overall borrowers, survey states; Atlanta Fed president tells lenders they won’t be second-guessed if they do right by borrowers.

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5 ways the CFPB has eased industry’s coronavirus burden

05/18/20

The agency has freed companies from reporting requirements and provided flexibility on exams to help them deal with COVID-19 fallout. It has also finished other regulatory relief efforts that were in the pipeline before the pandemic hit.

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Coronavirus fallout leads Wisconsin banks to terminate merger

05/18/20

Nicolet Bankshares said its lagging stock price would complicate efforts to complete its planned purchase of Commerce Financial.

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