Bankruptcy Blogs

Credit unions altering perks and policies to respond to staff under stress

09/25/20

Understanding that staff are dealing with new uncertainties surrounding the pandemic, some institutions have become more flexible with many of their traditional HR policies.

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Want diversity? Move beyond your closed network

09/25/20

Bankers should cast a wider net for applicants and hold listening sessions with their minority employees if they truly want equality.

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Venmo's hard line on overdrawn customers; Square pledges $100M to fight racism

09/25/20

The PayPal unit is accused of sending customers to collections even if they are victimized by scams; the financial company said it will deposit money in minority-owned institutions.

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The Best Credit Unions to Work For with assets over $1B

09/24/20

A look at what some of the nation's largest credit unions are doing to take care of those who take care of their members every day.

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CFPB missed opportunity to call out lending discrimination, critics say

09/24/20

The agency’s report on mortgage data submitted by lenders identified persistent disparities between white borrowers and minorities in denial rates and pricing. Some observers say the bureau should have been more explicit as the nation wrestles with systemic racism.

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BofA leads effort to draft global ESG standards for public companies

09/24/20

An international coalition led by Bank of America chief Brian Moynihan has proposed a framework for assessing how well big corporations are meeting the environmental, social and governance expectations of investors who value stakeholder capitalism.

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Fed’s Brainard seen at top of Biden’s Treasury secretary list

09/24/20

Democratic presidential nominee Joe Biden’s search for a Treasury secretary is widely seen as focusing on Brainard, a choice that would keep both Wall Street and progressives in line.

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Ally to donate $30 million to address racial inequalities

09/24/20

The Detroit company will provide grants over the next three years to promote homeownership and help small businesseses struggling to recover from the pandemic and civil unrest.

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Orrstown in Pennsylvania to close branches, cut jobs

09/24/20

The moves are intended to offset a protracted period of historically low interest rates and expectations of higher credit costs in 2021.

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Why credit union shared branching matters more than ever

09/24/20

A nationwide branch network remains a calling card for the entire industry, while also exemplifying the movement's cooperative spirit.

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