WASHINGTON - (01/06/05) -- Credit unions are hoping maybe afifth time's a charm, at least with the bankruptcy reform bill. Thebill, which has died in each of the last four congresses, isexpected to be reintroduced as early as next month. The measurewill look almost identical to the one that passed both the Houseand Senate in each of the last three congresses and will includethe three main credit union priorities, a means-based test forchapter 7; the ability to retain reaffirmation, or voluntaryrepayment, agreements, and mandatory financial education forbankruptcy filers, according to Murray Chanow, lobbyist for NAFCU."It will have an easy ride for part of the way, then it will getstuck again," said Chanow, referring to the provision barringabortion clinic protesters from shielding their assets underbankruptcy law that stopped the bill the last two congresses. CUNAlobbyist Gary Kohn said they are working with representatives inthe Senate, where the anti-abortion provision originated, to tryand resolve the impasse.
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At a time of mild or nonexistent loan growth, middle-market borrowers in the Lone Star State are providing a boost to Fifth Third Bancorp and Huntington Bancshares.
April 19 -
New details have emerged about the negotiations that culminated in Capital One's blockbuster $35 billion agreement to acquire Discover. At one point last December, the two parties broke off discussions, according to a securities filing.
April 19 -
According to the Federal Reserve Board's latest financial stability report, persistent inflation and policy uncertainty are the primary worries for banks. Survey respondents expressed heightened anxiety over murky policy outlooks due to geopolitical turmoil and rapidly approaching domestic elections.
April 19 -
The Alabama regional lender says it expects expenses to taper off this year and anticipates challenged loans will gradually rise to historically average levels.
April 19 -
Truist Financial's top executive leadership team announces departures; First Horizon's chief credit officer is retiring; Ferry teams with Highnote to roll out a new Visa-branded payroll card; and more in the weekly banking news roundup.
April 19 -
The Dallas-based regional bank tapped a client for its co-pilot capabilities, where employees can message a bot instead of a human to get tech assistance.
April 19