Bankruptcy Blogs

JPMorgan fined $250 million for problems in advisory business

11/24/20

The Office of the Comptroller of the Currency says JPMorgan Chase’s fiduciary unit lacked sufficient controls to manage risk and avoid conflicts of interest.

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Banks see billion-dollar cyber costs soaring even higher in 2021

11/24/20

Big banks and other financial firms predict the cost of warding off cybercriminals will keep climbing in 2021 as they work to secure digital financial services popularized by the pandemic.

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How Scotiabank weeds ageism out of digital banking

11/24/20

Shawn Rose, chief digital officer, and Holly Pontisso, vice president of customer experience at Scotiabank at Toronto, share how they have adapted their digital offerings for people over 50, including making sure ageist attitudes don’t creep into digital channels or messaging.

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Credit unions must learn to thrive amid radical uncertainty

11/24/20

Current economic conditions are greatly tied to controlling the spread of the coronavirus. To survive this volatile situation, financial institutions must be resilient.

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Debt Relief on Day One

11/24/20

In a comprehensive review of existing student loan cancellation laws, Demos, the Student Borrower Protection Center, and the UCI Student Loan Law Initiative have compiled an impressive report and road map for the incoming Administration.

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Covid-19 transmission risk from using cash is low, study finds

11/24/20

The risk of catching Covid-19 through using banknotes is low, according to research by the Bank of England that suggests the aversion to using cash during the pandemic is unnecessary.

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Biden to pick Yellen as Treasury secretary; Oportun joins bank wannabes

11/24/20

The former Fed chief would be the first person to hold the top three economic positions in government; lender Oportun Financial filed paperwork to start its own bank in California.

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With Mark McWatters out, what’s next for NCUA?

11/24/20

The biggest questions following the former chairman's resignation aren't about regulation but whether the agency can recapture a spirit of bipartisanship and collaboration.

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More banks keeping branches open during latest coronavirus surge

11/23/20

As COVID-19 infections break records nationwide, some banks are once again closing lobbies. But many others are maintaining the status quo after instituting a host of safety protocols that didn’t exist in the spring.

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