Bankruptcy Blogs

Banks play catch-up as customer shift to digital accelerates

12/14/20

The mobile banking and paperless habits bank customers picked up during the pandemic are here to stay, and financial institutions are working to strengthen their digital offerings, speakers at an American Banker conference said.

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Bank regulators mull stricter rules for reporting of data breaches

12/14/20

It has been 15 years since the federal banking agencies issued guidance on an institution’s obligation to inform its regulator about a cyberattack. A proposal to be unveiled this week could establish a more specific notification deadline.

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CEFCU chief to retire in May after 15 years at the helm

12/14/20

Matt Mamer will take over for Mark Spenny, who has helped Citizens Equity First Credit Union expand in several markets during his tenure.

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Chase, Air Canada to launch cobranded Aeroplan card in U.S.

12/14/20

JPMorgan Chase is partnering with Air Canada, the bank's first new cobranded card partner to be announced in years.

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Pennsylvania bank would more than double assets with first M&A deal

12/14/20

The $62.7 million merger of Linkbancorp and Gratz Bank would create a company with over $800 million of assets and nine branches stretching from Harrisburg to the Philadelphia suburbs.

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Banks are good at updating tech for customers but need to do it for staff

12/14/20

Banks are good at updating tech for customers but need to do it for staff

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Week ahead: Congress, NCUA in final sprint as year-end looms

12/14/20

Lawmakers and the credit union regulator have packed schedules this week as both groups attempt to wrap up their 2020 business before the holidays.

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Apollo, Blackstone said in talks to buy Wells Fargo’s student loan book

12/14/20

A group that includes the private equity firms Apollo Global Management and Blackstone Group is in talks to acquire Wells Fargo’s student loan portfolio, according to people familiar with the matter.

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Deutsche Bank may eventually allow NYC staff to move elsewhere

12/14/20

Deutsche Bank is considering moving some of its 4,600 Manhattan staff to other hub cities across the U.S., but there are no concrete plans as yet.

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74 Law Professors Sign Letter in Support of the Consumer Bankruptcy Reform Act

12/14/20

Last week, Senator Elizabeth Warren (D-MA) and Representative Jerrold Nadler (D-NY) introduced the Consumer Bankruptcy Reform Act of 2020 (CBRA).

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