Bankruptcy Blogs

A challenger bank entices immigrants with high yields and 5% cash back

12/10/20

To get the word out to the Indian and Asian immigrants it's targeting, OnJuno is using social media influencers that include a well-known Japanese-American chess player and running ads during streamed cricket matches.

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CFPB finalizes overhaul of mortgage underwriting rules

12/10/20

The consumer bureau's revamp of criteria for "qualified mortgages," a special regulatory class of loans free from liability, emphasizes pricing instead of a borrower's debt-to-income ratio.

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Rebounding oil prices give new hope to energy lenders

12/10/20

The emergence of vaccines has boosted travel forecasts — and crude prices. The expected bump at the pump could help oil and gas companies get back on track with loan payments.

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Maine Savings launches two-year succession plan

12/10/20

The process will see the state's largest credit union split its president and CEO roles until longtime chief executive John Reed retires in January 2023.

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Yellen’s crackdown on leveraged loan excess will have to wait

12/10/20

Time and again, Janet Yellen has warned Wall Street is piling a dangerous amount of debt onto the balance sheets of risky U.S. businesses. But as she prepares to take over as Treasury secretary, she may find it difficult to do anything quickly to rein in these markets, experts say.

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Bank of America upgrades improve international payment transparency

12/10/20

Bank of America has launched a cross-border payment tracker though its Swift GPI module that allows clients real-time visibility into their international payments.

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Ag lenders fear reduced government aid for farmers in 2021

12/10/20

The Biden administration could curtail federal support for farmers, even with bankruptcies and requests for loan workouts on the rise. Banks are hoping that increases in crop prices and exports to China could help avert a credit crisis.

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Valley Credit Union promotes branch exec to CEO

12/10/20

Casey Klein will begin leading the Montana-based institution next month after current CEO Darla Card retires.

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TD sees big role for AI in fraud detection, lending decisions

12/10/20

“If you get your credit decisions right and you manage fraud well, you can run a very efficient bank. That’s an area where AI is very applicable,” Toronto-Dominion Bank's chief AI officer says.

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Until the Buffalo Squeals

12/10/20

Hold on to the Nickel until the Buffalo Squeals They stopped making the Buffalo nickel in 1938, long before I was born. But I saw plenty of them when I was young.  I also heard plenty about them from older folks who had lived through the Depression. “Hold on to the nickel until the buffalo […]

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