News

Coronavirus still a threat to credit scores despite congressional relief

06/01/2020 The rescue bill enabled banks to protect loans in forbearance from an immediate hit to a borrower’s credit report, but experts say affected consumers may have trouble getting loans after the pandemic ends. [more]
Tags: Bankruptcy Blogs, BankThink, CARES Act, CFPB, Coronavirus, Credit quality, Credit Reporting, credit scores, Equifax, experian, Transunion

The fresh ideas that inspired Bank of the West's digital makeover

06/01/2020 Many of the cultural changes instituted by Hisham Salama, one of American Banker’s 2020 digital bankers of the year, have led to a more agile tech team and higher customer satisfaction scores. [more]
Tags: Bank of the West, Bankruptcy Blogs, BankThink, Digital banking, Digital Banking 2020, Mobile banking

'Indefinite shutdowns' harming U.S. economy, new OCC chief says

06/01/2020 Acting Comptroller of the Currency Brian Brooks took the extraordinary step of wading into the debate over when it was appropriate to reopen businesses. [more]
Tags: Bankruptcy Blogs, BankThink, Brian Brooks, Commercial real estate lending, Coronavirus, OCC, Robberies

Puerto Rico and the Oversight Board

06/01/2020 The Supreme Court's opinion is out today, and the short answer is that the Board's appointment did not violate the Appointments Clause of the Constitution (Article II, Section 2, Clause 2), and thus the First Circuit is reversed. But take a look at Justice Sotomayor's concurrence. She is all but [more]
Tags: Bankruptcy Blogs, CreditSlips, municipal bankruptcy, puerto rico