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Some megabanks are pushing New York lawmakers to add a legal safe harbor if lenders use the new Secured Overnight Financing Rate. Smaller banks would have little choice but to take that option.
May 4
Signature Bank of New York -
The $468 million-asset institution said expansion isn't required now but the move is a proactive attempt to ensure its long-term viability.
May 4
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Lenders are throwing money at buyers with stable jobs while making it harder for weak borrowers to get loans; $50 billion in loss provisions may not be enough and could stifle lending.
May 4
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Credit unions moved quickly to reduce branch access as the coronavirus crisis worsened. The harder decision will be when and how to begin lifting those restrictions.
May 4
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What works for regular commuters may not work for occasional riders, says OSPT's Jean-Philippe Wolyniec.
May 4
OSPT Alliance -
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The shortage of personal protective equipment (PPE) for medical workers is one of the most troublesome elements of the coronavirus outbreak, though prior work to declutter cross-border supply chain payments provides some hope.
May 4
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Many banks are slashing their spending. Others are changing their messaging strategies. And those banks that partner with pro sports teams are stuck in limbo, since it remains unclear when games will resume.
May 3
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Small businesses that received loans from the Paycheck Protection Program pandemic still don’t know how much they may have to repay after the government missed a deadline to give specific guidance.
May 3
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The deal was expected to close this summer, but First BanCorp said a regulatory review is hitting snags.
May 1
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The joint statement on the risks of cloud computing summarizes years of guidance and rules as industry reliance on third-party platforms has become more ubiquitous.
May 1
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Locally sourced campaigns are providing more capital as traditional loans fall short of covering operating expenses.
May 1
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Adam Levin addresses the threats of cyber fraud and identity theft and what you can do to protect your customers' privacy and credit security.
May 1
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Credit inquiries for auto lending, revolving credit cards and mortgages fell sharply in March as unemployment surged, according to a Consumer Financial Protection Bureau report.
May 1
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There were few fireworks at Wells Fargo’s first annual meeting under new CEO Charlie Scharf; billionaire investor and entrepreneur Mark Cuban pitches Fed-backed overdraft protection; as hotels sit empty, loan delinquencies pile up; and more from this week’s most-read stories.
May 1
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Federal regulators are now conducting nearly all supervision off-site as a result of the pandemic. The temporary measures are stoking a debate about whether they should be permanent.
May 1
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These tech-obsessed consumers still crave human interaction. Banks' challenge: Designing products and services that meet their needs.
May 1
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Organizers of Rockpoint Bank still need to raise $30 million before opening.
May 1
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The Home Loan bank will make zero-interest loans, match charitable donations that members make to nonprofits and small businesses, and provide additional funding for economic development grants.
May 1
