Bankruptcy Blogs

Rural U.S. states get larger share of PPP loans in latest round

01/29/21

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.

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Budgeting app Charlie pivots to help users reduce debt

01/29/21

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.

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Coronavirus pandemic led Old National to rethink credit reviews

01/29/21

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.

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Theft charges earn lifetime ban for two former credit union employees

01/29/21

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

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Visa puts out a call for crypto partners

01/29/21

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.

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Biden's broadband plan will help banks reach new markets

01/29/21

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.

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Cornerstone Financial promotes veteran employee to president

01/29/21

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

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Southern National in Virginia to rebrand as Primis Financial

01/29/21

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

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Amex tells employees they can work from home through Labor Day

01/29/21

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.

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Ameris sells block of underperforming hotel loans

01/29/21

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

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