Bankruptcy Blogs

Bipartisan Senate bill would raise loan maturity limits for FCUs

03/16/21

The proposed legislation is similar to a package put forward in 2020 and another introduced in the House in 2019.

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EMV deadline nears for gas stations, but many won't make it

03/16/21

After postponing enforcement for years, the card brands are implementing an EMV liability shift at fuel stations, which still struggle to make the upgrades necessary for chip-card acceptance.

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U.S. small businesses are holding off the debt apocalypse. For now.

03/16/21

Government relief programs and lenders’ forbearance have kept U.S. small businesses from defaulting on their debt en masse as revenue slumped during the pandemic crisis, according to a new analysis.

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How banks can encourage collaboration among workers stuck at home

03/16/21

Hood Qaim-Maqami, divisional CIO at the Bank of New York Mellon, has ideas about how technology can be used to make people feel connected.

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Visa, Mastercard to delay merchant fee hikes another year

03/16/21

Visa and Mastercard are postponing plans to boost the fees U.S. merchants pay when consumers use credit cards online, pushing back the changes another year to April 2022 because of the pandemic.

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Real estate boom has plenty of legs; minority investment banks gain share

03/16/21

Economists see few signs of a repeat of the 2006 bust, which ignited a global recession; the firms are winning a bigger piece of the corporate bond market as issuers seek wider markets.

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Truist is first regional bank to issue a social bond. It won’t be the last.

03/15/21

Big banks led the push to offer multibillion-dollar bonds that fund affordable housing, education and nonprofits that serve needy communities. But Truist’s recent $1.25 billion bond is a sign that regionals want to attract progressive institutional investors — and burnish their images.

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Goldman pandemic loans draw scrutiny from Sens. Brown, Warren

03/15/21

The Senate Banking Committee is questioning whether Goldman Sachs Group paid dividends at the expense of lending to businesses and households during the pandemic as lawmakers take a broad look at the support big banks offered clients to get through the economic slump.

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FDIC approves Florida de novo that will focus on Latino customers

03/15/21

Organizers of the proposed Our Community Bank have received conditional approval that requires them to raise $18 million before opening.

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