ABI Blog Exchange

Former Bank of the West employee banned from industry for loan fraud

California Largely (But Not Fully) Conforms to Deductibility of Expenses Paid with Forgiven PPP Loans

On April 29, 2021 Governor Newsom signed California A.B. 80, largely conforming to Federal rules relating to deductibility of expenses paid with funds from forgiven Paycheck Protection Program (PPP) loans. The $150,000 limitation in prior versions of

How five banks gang-tackled one nagging escrow problem

11th Circuit reverses summary judgment for credit reporting agency under FCRA finding mere verification with provider insufficient where consumer advised that reaffirmation had been rescinded

The 11th Circuit just recently entered a decision on the liability of credit reporting agencies for continuing to report an obligation owed on a debt discharged in bankruptcy. In Losch v. Nationwide Mortg. LLC, 2021 U.S. App. LEXIS 12578, Case no. 20

California Stimulus Checks Available Only When You File Your Tax Return

Are you eligible for a California stimulus check? This state program provides cash payments to low and moderate income individuals, regardless of immigration status. But the stimulus checks are tied to filing a tax return. No tax return, no

KeyCorp hires former JPMorgan exec to lead wealth management

Veteran of '08 crisis says conditions are ripe for a repeat

Why the Fed should reengineer its monetary policy

Kerry Katona Wows Fans With Huge Mansion After Previously Filing For Bankruptcy

Entertainment Daily reports that Kerry Katona, the former Atomic Kitten member, is once again back on her feet after several years of financial struggles. After many years of financial hardships and going bankrupt several times, Katona impresses fans

Illinois credit unions welcome lower deposit insurance fees

Wall Street bonuses at risk amid new clamor to finish Dodd-Frank

Banks face new reporting requirements; lenders still holding back on Helocs

Banks seek bigger role in point-of-sale lending

Cullen/Frost holds off on reserve release, will add branches in Dallas

FDIC Valid-When-Made Rule Amicus Brief

I filed an amicus brief today in support of the challenge of eight state attorneys general to the FDIC's Valid-When-Made Rule. I've blogged about the issue before ( here, here, here, here, here and here). The FDIC's Valid-When-Made Rule and its

Tech giants risk squeezing out banks, French watchdog warns

Truist commits $20 million to expand financial education

Tech hub advances M&T Bank’s digital ambitions

Fed's Quarles: Bank supervisors don't get crypto

Pacific Western rolls out virtual credit card for business clients