News Topic: Bankruptcy Blogs

The company is best known for its reciprocal deposit program, but it’s finding new ways to serve banks without competing for their customers. ... Read full article

The industry has enjoyed lower tax rates and regulatory relief during the current administration, but individual donations from the eight largest banks favor the Democratic nominee by more than 4-to-1. ... Read full article

A Small Business Administration program meant to help struggling entrepreneurs amid the coronavirus pandemic may have sent billions of dollars to scammers or ineligible applicants, the agency’s inspector general said. ... Read full article

The proposed regulation would codify a 2018 pronouncement by regulators that guidance does not carry the force of law. ... Read full article

The New York State Department of Financial Services says banks and credit unions under its supervision should limit loan concentrations in vulnerable geographic areas, avoid overexposure to fossil fuel and other legacy businesses and develop financial ... Read full article

Alliance Data plans to make Bread’s buy now, pay later options available to credit card-issuing merchant clients. ... Read full article

Renaud Laplanche's fintech will give borrowers cash back when they lower their loan balances. ... Read full article

A comment by the megabank's CEO could be a teachable moment as financial institutions of all sizes attempt to diversify their ranks. ... Read full article

The additional payments are being halted this month, according to Bill Halldin, a spokesman for the company. They were introduced for eligible staff in March as the coronavirus spread throughout the U.S. ... Read full article

A comment by the megabank's CEO could be a teachable moment as financial institutions of all sizes attempt to diversify their ranks. ... Read full article

Both payment companies reported lower than expected earnings and revenue due to reduced consumer spending; the plan is part of a $530 million initiative to combat systemic racism. ... Read full article

The community bank has developed trivia and other Zoom-based games to keep workers engaged during the pandemic. ... Read full article

Many in the industry were adding counseling services to benefits packages even before the coronavirus outbreak spurred demand for assistance with mental well-being. ... Read full article

The Hawaii bank has paid employees who carpool, bike or walk to work. About a third of the workforce bought into the program before the pandemic, and it's expected to continue once life returns to normal. ... Read full article

The Florida company has created a series of programs to coach leaders on motivating employees and avoiding conflict. ... Read full article

The announcement marks one of the credit union community's largest funding efforts toward diversity and inclusion initiatives. ... Read full article

The subprime lender cited low odds that Washington will deliver further economic relief, and the fact that $1.5 billion of loans whose deferral period expired are now more than 30 days behind. ... Read full article

Both developments are part of the company’s strategy of becoming a full-service bank for its young, affluent customer base. ... Read full article