Bankruptcy Blogs

Executives must know their members when a crisis strikes

11/25/20

There is a difference among various demographics on what offends them most. That means credit unions must understand their member base and what drives their engagement and retention.

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Banks push back on OCC’s bid to ban lending bias

11/25/20

The industry is asking for more time to comment on a regulatory proposal that aims to prohibit banks from denying services to oil and gas companies and other firms in politically sensitive industries.

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Reducing mortgage defaults starts with beefing up housing supply

11/25/20

Default risks soar in minority neighborhoods during challenging economic times because, data shows, homes there are overpriced relative to incomes. Zoning and other changes could make loans more affordable by boosting housing stock and driving down prices.

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Achieva Credit Union lands fourth merger in 10 years

11/25/20

Coast 2 Coast Financial Credit Union has agreed to join the Florida-based Achieva, which previously acquired two community banks.

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High hopes for Yellen; JPMorgan fined $250 million by OCC over weak controls

11/25/20

Praise for the former Fed chair as she confronts a troubled economy as presumptive Treasury secretary; the fine is the bank’s second large penalty in the past three months.

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COVID-era credit card spending hits new high

11/25/20

In a potentially good sign for credit unions, last week credit card spending reached its highest point since the start of the coronavirus pandemic, according to data from PSCU.

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OCC enters new phase of CRA reform with scoring proposal

11/24/20

The plan still lacks concrete details about standards banks must meet to earn high ratings, but the agency said the new methodology would end grade inflation and could penalize banks that underperform.

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This de novo wants to be the go-to bank for fintechs

11/24/20

CEO Wendy Cai-Lee says Piermont Bank can do it all for financial technology firms: be their commercial banker, be their banking-as-a-service provider and develop APIs and other cutting-edge products for them.

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World Council of Credit Unions moves annual event online

11/24/20

The group is just the latest industry organization to already alter plans for a gathering scheduled for 2021.

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Yellen at Treasury could resuscitate Fed’s loan programs

11/24/20

The Trump administration has compelled the Federal Reserve to shut down the Main Street Lending Program and other facilities that aid banks’ pandemic relief efforts, but President-elect Biden’s Treasury nominee could help turn the spigot back on.

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