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Insolvency Service “reframes” view of creditor – IPs can apply their discretion (UK)

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Sherrod Brown quickly shifts Senate Banking panel's course

With a steady stream of Senate hearings held on the racial wealth gap and inequities in the financial system, the new chairman has set a consumer-focused agenda that leans further left than even past Democratic chairs.

Brian Brooks joins blockchain company Spring Labs

The former acting comptroller of the currency will help the technology company move its secure data exchange technology into the financial market.

Heritage Commerce in California brings back former CEO

Walter Kaczmarek, who ran the bank from 2005 to 2019, will also serve as interim president following the retirement of Keith Wilton.

German American to close seven branches

The Indiana company said the move reflects a need to cut costs and customers' increased preference for digital channels.

Territorial Bancorp discloses SEC probe of 2018 earnings

The Honolulu company said the "non-public, fact-finding inquiry" by the Securities and Exchange Commission focuses on its calculations for earnings per share.

Citi has more women on its board than any other big global bank

Women now account for half of Citigroup's 16-person board, the most of the 20 largest global banks, after Michael Corbat stepped down as CEO and was replaced by Jane Fraser.

Florida money transfer company files to form digital bank

Payservices would use deposits largely to support its existing business. It has no plans to make loans.

Stripe value soars to record $95 billion; Deutsche Bank bonuses bashed

The payments processor is now the most valuable private tech company every, surpassing Facebook; some investors are not happy that the bank raised bonuses and CEO pay by 46%.

Change at the top: Banking’s newest CEOs

Since late last year, a number of large and regional banks have either replaced their CEOs or announced plans to do so in the coming weeks. Here’s an introduction.

You Have a Reverse Mortgage: Know Your Rights and Responsibilities

You have a reverse mortgage: Know your rights and responsibilities Publication from Consumer Financial Protection Bureau “CFPB”. Reverse mortgages can be a nightmare, leaving your spouse evicted from their home once the signing spouse dies. This in

N.C. S.Ct.: Raleigh Housing Authority v. Winston- Insufficient Description in Lease Termination

Summary: The Raleigh Housing Authority (“RHA”) brought a complaint to evict Ms. Winston, who was holding over on a month-to-month basis following the end of the apartment lease, on the basis of inappropriate conduct. The trial court granted this

Not Cool, Bank of America

I used my phone to remotely deposit a check today at Bank of America. Before I was able to proceed with the transaction, however, Bank of America required me to agree to new terms and conditions for mobile deposits. The terms and conditions were

KeyCorp raises community investment plan to $40 billion

The Cleveland company is more than doubling an earlier commitment in order to support racial equity and environmental sustainability.

New Chapter 11 Filing – Retired-N-Fit, LLC bda Beyond Fifty Fitness

On March 12, 2021, Retired-N-Fit, LLC bda Beyond Fifty Fitness, a Delaware fitness studio for adults ages 50 and beyond, filed a petition for relief under Subchapter V of Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the District of

New Chapter 11 Filing – Retired-N-Fit, LLC bda Beyond Fifty Fitness

On March 12, 2021, Retired-N-Fit, LLC bda Beyond Fifty Fitness, a Delaware fitness studio for adults ages 50 and beyond, filed a petition for relief under Subchapter V of Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the District of

Fed’s PPP support, CFPB’s QM curveball, OCC front-runner: Top stories of the week

The Federal Reserve announced it would extend the Paycheck Protection Program Liquidity Facility until June 30; CFPB delays mandatory compliance date for a new Qualified Mortgage standard; Mehrsa Baradaran emerges as top contender to lead OCC; and

Small Minnesota bank's novel hire: Chief M&A officer

Acquisition-hungry Stearns Bank has been fielding so many calls from would-be sellers that it has brought in a merger specialist to sort through them.

SECU rolls out $1,000 bonuses for staff as pandemic hits one-year mark

The nation's largest second credit union is thanking all full-time employees for their work since COVID hit. But even as vaccinations ramp up, remote work will be the norm for most for several more months.

Aspiring CEOs should check out why Associated hired Andy Harmening

Harmening, set to take the helm of Associated Banc-Corp next month, is being asked to replicate the digital transformation he led at Huntington Bancshares. His career path is a signal to the industry’s rising stars that the road to the corner office

How banks can climb higher in Google search rankings

Large banks and aggregator sites, like Bankrate, tend to outperform regional and community banks, but smaller institutions can compete by publishing valuable content and creating web pages for individual branches.