News Topic: Bankruptcy Blogs

From finding new efficiencies to redefining the customer experience; fintechs are permanently changing financial services. But what does the actual acquisition process look like? ... Read full article

The coronavirus pandemic has turned every industry on its head. For lending, it exposed the need for modernized, fully digital platforms. ... Read full article

Institutions that cling to outdated lending tools run the risk of being left behind by commercial clients who are barraged with opportunities to borrow faster and more conveniently. ... Read full article

The media company Urban One has launched a new account that includes a prepaid debit card and encourages customers to buy from Black-owned business and lets them donate their cash back to charity. ... Read full article

The Cincinnati company, one of just a handful of lenders to reduce its cushion against bad credits in the third quarter, was grilled by analysts who suggested it was being too optimistic about the long-term effects of the pandemic recession. ... Read full article

Gail DeBoer has announced her plans to retire in early 2021 after more than three decades at the Nebraska-based institution. ... Read full article

Discover Financial Services shares surged after the company said spending on its cards improved in September, the first increase during the pandemic. ... Read full article

The company, which shuttered six locations in September, plans to close 14 more branches by the end of this year. ... Read full article

The Oregon company unveiled a sweeping cost-cutting plan that includes more remote work opportunities and up to 50 branch closures. ... Read full article

The company will close branches and cut jobs, with plans to reinvest some of the savings into digital enhancements. ... Read full article

Highlands Banking would be based in a community near the state's borders with Georgia and South Carolina. ... Read full article

The New York State “Bitlicense” will allow customers to use bitcoin to make online retail purchases; Cleveland Fed chief says persistent low rates may encourage risky behavior. ... Read full article

While some institutions have held off on staffing up for new projects, many mission-critical positions at the executive level are still being filled. It may take until well into 2021 before normal patterns return. ... Read full article

A disputed outcome could cause significant market turmoil in the coming months — and have far more serious repercussions over the longer term. ... Read full article

USAA Federal Savings Bank’s downgrade shows how customer mistreatment stemming from flaws in internal controls can hurt Community Reinvestment Act scores. Some want consumer compliance to carry more weight in the CRA calculus. ... Read full article

The U.S. economy continued to grow across the country as it recovered from the coronavirus pandemic, but the picture was uneven, according to a new report from the Federal Reserve. ... Read full article

The Cleveland company will exit indirect auto lending and close branches so it can devote more resources to mortgages, student loans and other relationship-driven, digital-friendly businesses. ... Read full article

PayPal isn’t the first company to open its platform to cryptocurrencies, but its technique is more hands-on than most payment providers. ... Read full article