Bankruptcy Blogs

Leave-your-car-at-home effort gains traction at American Savings

10/28/20

The Hawaii bank has paid employees who carpool, bike or walk to work. About a third of the workforce bought into the program before the pandemic, and it's expected to continue once life returns to normal.

[more]

Seacoast puts a premium on soft skills

10/28/20

The Florida company has created a series of programs to coach leaders on motivating employees and avoiding conflict.

[more]

Lightening up at Peoples State in Wisconsin

10/28/20

The community bank has developed trivia and other Zoom-based games to keep workers engaged during the pandemic.

[more]

Banks are paying more mind to mental health

10/28/20

Many in the industry were adding counseling services to benefits packages even before the coronavirus outbreak spurred demand for assistance with mental well-being.

[more]

NCUA board OKs interagency guidance proposal

10/28/20

The rule, which will go up for a 60-day comment period, codifies existing NCUA policies and is not expected to change how the agency operates.

[more]

SoFi gets preliminary OK on bank charter, launches credit card

10/28/20

Both developments are part of the company’s strategy of becoming a full-service bank for its young, affluent customer base.

[more]

BECU commits $5M to racial equity efforts

10/28/20

The announcement marks one of the credit union community's largest funding efforts toward diversity and inclusion initiatives.

[more]

Citizens hires JPMorgan Chase exec to lead digital expansion

10/28/20

Donald Felix will join the Rhode Island company in January as head of national banking. He recently was responsible for developing a personal finance management strategy for JPMorgan Chase’s consumer bank.

[more]

Santander Consumer warns charge-offs will keep rising into spring

10/28/20

The subprime lender cited low odds that Washington will deliver further economic relief, and the fact that $1.5 billion of loans whose deferral period expired are now more than 30 days behind.

[more]

JPMorgan Chase reorganizes blockchain units

10/28/20

After selling the rights to its Ethereum-based technology, the bank is rebranding a venture related to cross-border payments and creating a new umbrella group to oversee all blockchain-related efforts.

[more]