ABI Blog Exchange

How payments companies apply virtual cards to real-world challenges

CIBC misses estimates as profit margin from lending contracts

TD tops estimates with rising rates lifting income from lending

Barclays fined $10 million for breaking interchange fee rule

BMO misses estimates as market tumult hits investment banking

No Rescue For Chicago From U.S. Supreme Court—This Time (In re Mance)

By: Donald L Swanson Poor Chicago. Unlike the result for Chicago’s traffic ticket income in Fulton v. Chicago, the U.S. Supreme Court refuses to rescue Chicago in City of Chicago v. Mance (Case No. 22-268; Cert. denied, 11/21/2022).[Fn. 1] Chicago’s

Debt Collection Cases Clog Courts

The too much debt wave is starting to crest. Debt collection lawsuits are “overwhelming” Michigan’s district court system, often resulting in a process thatpits well-heeled creditors and debt buyers against low- and moderate- income residents

Why is Personal Bankruptcy on the Rise After the Pandemic?

Despite what logic might have told us, the two years following the COVID-19 pandemic had record-low numbers of personal bankruptcy filings. As people tightened their purse strings and relied on government and charity programs to make it through

November 2022 Ponzi Scheme Roundup

Posted by Kathy Bazoian Phelps Below is a summary of the activity reported for November 2022. There were at least 7 new Ponzi schemes revealed this month. There were two guilty pleas and one ‘not guilty’ plea. There was also one criminal conviction

Are banks too optimistic about the U.S. economic outlook?

To spur growth, Colorado community bank hires from bigger banks

Fed's Cook says new regulations might not be needed to protect banks from crypto

Fed hints that rate hikes may moderate, but not coming down anytime soon

Surviving FTX: Fintechs and banks untangle themselves 

As Gruenberg fends off GOP criticism, nomination hearing puts FDIC step closer to full board

Banks are devising ways to ID mass shooters before they strike

FTX's LedgerX, a solvent corner of SBF's fallen empire, will put millions in bankruptcy pot

State Street, Brown Brothers Harriman call off $3.5 billion deal

Yellen says she has 'no plans to leave' as Treasury chief post-midterms

Klarna says it expects to post a profit — in the second half of 2023