News

Today's News

November 29, 2020 - 22 new headlines

Recent bankruptcy filings in Minneapolis and St. Paul - Minneapolis Star Tribune

11/29/2020 Recent bankruptcy filings in Minneapolis and St. Paul  Minneapolis Star Tribune [more]
Tags: Filings, News

K&W Cafeterias finds buyers for Lake Norman-area residential properties - Winston-Salem Journal

11/29/2020 K&W Cafeterias finds buyers for Lake Norman-area residential properties  Winston-Salem Journal [more]
Tags: Filings, News

Archdiocese of Santa Fe in New Mexico cuts 20 positions - KOB

11/29/2020 Archdiocese of Santa Fe in New Mexico cuts 20 positions  KOB [more]
Tags: News, Reorganizations

Struggling Chains That May Not Make It to 2021 - Yahoo Finance

11/29/2020 Struggling Chains That May Not Make It to 2021  Yahoo Finance [more]
Tags: Filings, News

The Boys: Aside From Homelander, Who Is The Most Powerful Comics Hero? - Screen Rant

11/29/2020 The Boys: Aside From Homelander, Who Is The Most Powerful Comics Hero?  Screen Rant [more]
Tags: Liquidation, News

Life, death and pandemic greet California's struggling Main Streets - LancasterOnline

11/29/2020 Life, death and pandemic greet California's struggling Main Streets  LancasterOnline [more]
Tags: Liquidation, News

Central Pa. furniture to close this week - PennLive

11/29/2020 Central Pa. furniture to close this week  PennLive [more]
Tags: Liquidation, News

What ‘San Bernardino Strong’ means 5 years after San Bernardino terrorist attack - San Bernardino County Sun

11/29/2020 What ‘San Bernardino Strong’ means 5 years after San Bernardino terrorist attack  San Bernardino County Sun [more]
Tags: Cases of Interest, News

Movers & Shakers for 11/29 - Milford Daily News

11/29/2020 Movers & Shakers for 11/29  Milford Daily News [more]
Tags: Lawsuits, News

Retail trade group sees solid holiday sales despite pandemic - Galesburg Register-Mail

11/29/2020 Retail trade group sees solid holiday sales despite pandemic  Galesburg Register-Mail [more]
Tags: Filings, News

Blogs

Small banks welcome PPP relief but fear it may not be enough

11/25/2020 Community banks that were pushed past key asset limits by the Paycheck Protection Program say they will be unable to shrink their balance sheets back to normal size by the 2022 deadline, especially if there is a new round of rescue aid. [more]
Tags: Bankruptcy Blogs, BankThink, Community banking, Coronavirus, Paycheck Protection Program, Regulatory relief

Challenger bank Current doubles customers in six months

11/25/2020 The 5-year-old company, which recently raised $131 million, says its strong growth reflects the timeliness of its mission: helping consumers who live paycheck to paycheck build wealth. [more]
Tags: Bankruptcy Blogs, BankThink, Challenger Bank, Digital banking, Digital Banking 2020, Fintech

Executives must know their members when a crisis strikes

11/25/2020 There is a difference among various demographics on what offends them most. That means credit unions must understand their member base and what drives their engagement and retention. [more]
Tags: Bankruptcy Blogs, BankThink, Crisis management

Banks push back on OCC’s bid to ban lending bias

11/25/2020 The industry is asking for more time to comment on a regulatory proposal that aims to prohibit banks from denying services to oil and gas companies and other firms in politically sensitive industries. [more]
Tags: Bankruptcy Blogs, BankThink, climate change, Commercial lending, Energy industry, OCC

Reducing mortgage defaults starts with beefing up housing supply

11/25/2020 Default risks soar in minority neighborhoods during challenging economic times because, data shows, homes there are overpriced relative to incomes. Zoning and other changes could make loans more affordable by boosting housing stock and driving down prices. [more]
Tags: Affordable housing, Bankruptcy Blogs, BankThink, Financial regulations, Housing inventory, housing market, Mortgage defaults

Achieva Credit Union lands fourth merger in 10 years

11/25/2020 Coast 2 Coast Financial Credit Union has agreed to join the Florida-based Achieva, which previously acquired two community banks. [more]
Tags: Bankruptcy Blogs, BankThink, Consolidations, florida, M&A

High hopes for Yellen; JPMorgan fined $250 million by OCC over weak controls

11/25/2020 Praise for the former Fed chair as she confronts a troubled economy as presumptive Treasury secretary; the fine is the bank’s second large penalty in the past three months. [more]
Tags: Bankruptcy Blogs, BankThink

COVID-era credit card spending hits new high

11/25/2020 In a potentially good sign for credit unions, last week credit card spending reached its highest point since the start of the coronavirus pandemic, according to data from PSCU. [more]
Tags: Bankruptcy Blogs, BankThink, Consumer banking, credit cards, debit cards, Payment cards

OCC enters new phase of CRA reform with scoring proposal

11/24/2020 The plan still lacks concrete details about standards banks must meet to earn high ratings, but the agency said the new methodology would end grade inflation and could penalize banks that underperform. [more]
Tags: Bankruptcy Blogs, BankThink, CRA, Financial regulations, OCC, Regulatory reform

This de novo wants to be the go-to bank for fintechs

11/24/2020 CEO Wendy Cai-Lee says Piermont Bank can do it all for financial technology firms: be their commercial banker, be their banking-as-a-service provider and develop APIs and other cutting-edge products for them. [more]
Tags: APIs, Bankruptcy Blogs, BankThink, Community banking, De novo institutions, Digital banking, Fintech