News Topic: Bankruptcy Blogs

The administration is expected to stress financial access and consumer protection; economists differ whether the move away from cash was a temporary response to Covid or long-lasting. ... Read full article

Some in the industry are planning in-person events, but the largest meetings are still unlikely to reconvene for a while. ... Read full article

For now, banks say they have no plans to curtail lending to oil and gas firms, but recent moves by the new administration — including a halt in drilling on federal land and an effort to stop the Keystone XL Pipeline — could cause them to re-evaluate their ... Read full article

The Federal Reserve said its decision to accept input for several more weeks reflects the logistical challenges presented by the coronavirus pandemic. ... Read full article

Trump appointee Jelena McWilliams is slated to be the agency's chair until mid-2023. But legal experts say a provision in the FDIC’s bylaws gives Democratic members of the governing board, now in the majority, an opening to reverse earlier rules ... Read full article

BofA, Chase and Wells Fargo are among the big banks piloting a service to rein in screen scraping; Truist spending $1.8 billion on tech, customer service upgrades; soaring deposits have tied Regions’ hands; and more from this week’s most-read stories. ... Read full article

Comerica, Citizens Financial and other companies are buying up securities, paying off high-cost borrowing and trying to develop specialty lending niches. But loan growth remains weak, and the likelihood of extreme volatility in deposits makes it hard to ... Read full article

A rule change that allows farms with just one employee tap the Paycheck Protection Program means more pandemic relief funds are flowing into such states as Nebraska, Oklahoma, Wyoming and North Dakota. ... Read full article

Like other card issuers, the Stamford, Conn., company expects current trends — soft loan demand but strong credit quality — to reverse later this year as the economy emerges from the pandemic-induced recession. ... Read full article

The new name is the first major change since Dennis Zember became the company's CEO last year. ... Read full article

The company wants to join in on the rush to develop stablecoins and central bank digital currencies, in part to show that it can still be a player in cutting-edge technologies after its merger deal with Plaid fell through. ... Read full article

The Atlanta company joins a small list of banks that have sold loans to companies struggling with the coronavirus pandemic. ... Read full article

Initially created as a budgeting app, Charlie has added new features that help users visualize their debt and then chip away at balances. Eventually, it hopes to add more banklike products. ... Read full article

The administration’s initiative to offer universal high-speed internet service is a chance for bankers to provide underserved households with access to online financial education and low-cost digital accounts. ... Read full article

The Indiana company, which had relied on internal processes that focused on large loans, has bought a suite of software tools to begin looking at relationships based on underlying risk. ... Read full article

The credit union regulator's first prohibitions of 2021 relate to misuse of member funds at institutions in Alaska and Florida. ... Read full article

Allowing employees to work from home until the holiday will give Amex the chance to monitor the speed with which vaccines are distributed, CEO Stephen Squeri said in a memo to workers. ... Read full article

Donna Young, who has spent more than three decades at the Nashville-based credit union, succeeds Joe Spivey, who retired earlier this year. ... Read full article