Bankruptcy Blogs

Most Powerful Women in Banking | Top Teams: Bank of the West

09/27/20

As part of American Banker's Most Powerful Women in Banking and Finance program, we have selected five “Top Teams” for 2020. Bank of the West is one of the team honorees.

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Consumer Finance Protection Bureau Won’t Chase Underground Debt Collectors

09/25/20

Consumer Finance Protection Bureau Announces They Don’t Chase Underground Debt Collectors “We are unable to send your complaint to the company for a response.” That’s what the Consumer Finance Protection Bureau told Chuck Sterling. “The company is not in our complaint system.” Chuck, a former client, received an email today, threatening to “take him into […]

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New PPP angst, forbearance balloon payments, Scharf backlash: Top stories of the week

09/25/20

Waiting for the SBA to sign off on PPP loan forgiveness; banks criticized for requiring balloon payments on loans in forbearance; how backlash over Scharf remarks affects Wells Fargo’s diversity push; and more from this week’s most-read stories.

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Commercial lenders in coastal cities get boost from day-tripper trend

09/25/20

Banks' restaurant and hotel clients in many oceanside communities are seeing an uptick in business as travelers opt for short hops over long hauls during the coronavirus crisis. But activity could slow as colder weather approaches.

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Oversight council warns of systemic threat from Fannie, Freddie

09/25/20

The Financial Stability Oversight Council said the mortgage giants may need a bigger capital cushion than their regulator has proposed, but stopped short of designating them as “systemically important financial institutions.”

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Warren presses Powell on race gaps in possible Biden-era preview

09/25/20

During a Senate Banking Committee hearing, the Massachusetts Democrat asked Powell what the Fed is doing to reduce inequality along economic lines in the U.S.

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'Banking is boring': Sberbank's radical transformation to tech firm

09/25/20

Russia's largest bank is reinventing itself as a technology company and selling its own consumer electronic devices. Its chief tech officer says the moves are all about developing broader, more enduring customer relationships that the bank controls fully.

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Michigan's CP Financial takes more steps to bolster growth

09/25/20

Having already changed charters for a statewide field of membership, the Jackson, Mich.-based institution will now merge with Washtenaw Federal Credit Union.

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Fed’s Bostic urges banks to repair ‘history of abuse’ of Black Americans

09/25/20

Bostic, the first Black Fed president in the central bank’s 106-year history, said systemic racism is an economic as well as a moral issue.

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Dollar Bank seeking heft around Pittsburgh with Standard acquisition

09/25/20

The mutual bank has agreed to pay $158 million for Standard AVB Financial, which has 17 branches in Pennsylvania.

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