Bankruptcy Blogs

Recovery could take 4 years if virus contained, Fed’s Daly says

07/01/20

The U.S. economy can escape another decade-long slog back to health if strong public measures or a vaccine curb virus surges, Federal Reserve Bank of San Francisco President Mary Daly said.

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Wary outlook for loan growth after PPP boost

07/01/20

The Paycheck Protection Program propped up many banks' balance sheets in the first half of the year, but what will drive loan demand in the second half?

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CFPB Issues Factsheet On TRID Title Insurance Disclosures And Updates TRID FAQ

07/01/20

On June 9 the Consumer Financial Protection Bureau (CFPB) published a Factsheet on how to disclose title insurance on the Loan Estimate and Closing Disclosure, including when a negative owner’s title insurance cost disclosure is appropriate, and updated the TRID FAQs to include guidance on the total of payments disclosure, using the optional signature line on the Loan Estimate and Closing Disclosure, and the requirement to include seller information on the consumer’s disclosures if providing separate Closing Disclosures.  This blog discusses the Factsheet, and sets forth the four questions

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Citi pulls back on plans for office return in 13 states

07/01/20

The bank is rethinking its plans for bringing back worker in Texas, Florida and other states where new coronavirus cases are surging.

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FDIC chief on why call reports are getting a makeover

07/01/20

Jelena McWilliams explains the agency's decision to enlist the help of tech innovators to modernize a reporting process that the coronavirus epidemic has exposed as outdated.

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Groups urge FHFA to extend comment period on GSE capital plan

07/01/20

In a letter to Director Mark Calabria, 17 organizations requested an additional 60 days to weigh in on the proposal meant to strengthen Fannie Mae and Freddie Mac's balance sheets post-conservatorship.

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Park Financial in Minnesota to buy Mesaba Bancshares

07/01/20

Mesaba, which is also based in Minnesota, is the parent of American Bank of the North and Lake Bank.

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A glimpse at the role of the bank branch after the pandemic

07/01/20

Wei Ke, partner at Simon-Kucher & Partners, shares research and analysis from a recent consumer survey on branch versus digital banking behaviors after the coronavirus lockdowns are over.

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Coronavirus concerns prompt Louisiana bank to terminate acquisition

07/01/20

Investar Holding said it no longer plans to buy Cheaha Financial in Alabama.

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Netflix to deposit $100M in Black-owned banks; OCC warns on compliance risks

07/01/20

The company seeks to help funnel more loans to minority businesses and consumers; the regulator says short-staffed banks are having trouble handling new government programs.

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