Bankruptcy Blogs

TD has moved 9,500 call center agents home. Some may stay there.

04/08/20

Toronto-Dominion Bank is moving almost all of its call center employees from 15 different U.S. and Canadian cities to their homes in response to the coronavirus.

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Texas bank's leader takes leave after contracting coronavirus

04/08/20

Spirit of Texas Bancshares named an interim CEO for Dean Bass, though the company said he is recovering.

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Congress seeks more SBA funding; FHFA head rejects mortgage servicer fears

04/08/20

Lawmakers want to expand the two-day old small business loan program by another $250 billion; Calabria says nonbanks are exaggerating their financial woes as forbearance claims rise.

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Treasury Must Act Now To Protect Relief Payments From Debt Collectors

04/08/20

The CARES Act provides for direct "rebate" payments to American households. Treasury is gearing up to send some of those payments out soon. But Congress forgot to protect the payments from garnishment.

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Customers Bank enlists U.K. fintech to monitor its loan portfolio

04/08/20

OakNorth helps banks analyze credit, identify pandemic-related risks and forecast borrower issues before they turn into defaults.

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Bankers hope reg relief doesn’t end when coronavirus does

04/07/20

Measures that delay the Current Expected Credit Losses standard and reduce a community bank capital ratio are temporary, but the industry now sees an opening to argue that they should be permanent.

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Out-of-market deposits helping small banks meet surge in loan requests

04/07/20

Firms that spread big-dollar deposits to community banks have seen a rush in demand as small businesses seek emergency loans to weather the coronavirus pandemic.

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One-fifth of emergency loan program's funds already committed

04/07/20

The Small Business Administration said lenders approved $71 billion in loans from the Paycheck Protection Program in less than five days.

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Trump praises banks for expanding assistance to small businesses

04/07/20

President Trump on Tuesday praised some of the country's largest financial firms for pledging to take new steps to help small businesses disrupted by the coronavirus.

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Warren joins senators seeking Deutsche Bank details on Trump

04/07/20

U.S. senators including Elizabeth Warren, the onetime presidential candidate, are pushing for details from Deutsche Bank about contacts with the family business of President Donald Trump, which has asked the German lender for leniency on some of its loans.

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