Bankruptcy Blogs

With Biden declared winner, what’s next for credit unions?

11/07/20

With a Democrat set to take the White House in January, the political balance at NCUA could shift amid changes for the CFPB and housing reform, and progressive banking ideas that were unthinkable over the past four years could gain traction.

[more]

With Biden declared winner, what’s next for banks?

11/07/20

With a Democrat set to take the White House in January, the agenda for agencies like the CFPB could undergo a rapid transformation, housing finance reform could be turned on its head and progressive banking ideas that were unthinkable over the past four years could gain traction.

[more]

Partisan gridlock appears intact. Why that's good for banks.

11/06/20

A final Senate breakdown still depends on the outcome in a few key races, but with Republicans closer to keeping power, Democrats' proposals to cap interest rates, create a postal banking system and establish a public credit reporting agency are likely dead on arrival.

[more]

PPP effect on SBA lending, CFPB's debt collector rule, Biden's reg options: Top stories of the week

11/06/20

In a year with the Paycheck Protection Program, big banks tap brakes on SBA lending; what debt collectors can and can't do under CFPB rule; a look at who might craft regulatory policy in a Biden administration; and more from this week's most-read stories.

[more]

Can AI eliminate bias in banks' hiring decisions?

11/06/20

Vendors such as eFinancialCareers, Paradox and pymetrics work with banks to assess job applicants based on their skills and not other factors. But the technology has its limits.

[more]

Consumers are anxious. Credit unions can be a calming force.

11/06/20

The industry has an opportunity to build deeper relationships with members right now by communicating in a proactive and empathetic way.

[more]

Regulators tell banks they can choose any replacement rate for Libor

11/06/20

The statement comes after multiple small and midsize institutions earlier this year warned the agencies that the secured overnight financing rate was ill-suited to them.

[more]

CFPB investigating Regions’ overdraft practices

11/06/20

The bank disclosed in a regulatory filing that it is in the process of responding to a civil subpoena from the Consumer Financial Protection Bureau. It is the latest bank to come under regulatory scrutiny for the fees charged to consumers who overdraw their accounts.

[more]

Mike Cagney’s fintech startup pursues bank charter

11/06/20

Figure Technolgies, the home equity lender founded by the former CEO of SoFi, is seeking a national bank charter so it can offer more products and services while reducing the need for state-by-state licenses.

[more]

Listen, speak, act: One CEO's playbook for inclusive cultures

11/06/20

Banks must address the societal issues that resonate deeply with their customers and communities, says Regions Financial chief John Turner.

[more]