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

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'Seriously delinquent' mortgages remain elevated, OCC says

The percentage of seriously-delinquent loans hit 5.8% in the third quarter, up from 1.5% a year earlier but down from 6.8% in the second quarter.

FDIC report suggests M&A has been positive for many small banks

The agency’s second in-depth study of the community banking sector pointed to continued challenges for local institutions from the pandemic and other headwinds, but many smaller banks are reaping the benefits of M&A and holding their own against

Northern Trust, Fidelity join small club managing crypto assets

They're among a handful of companies willing to hold clients' digital assets for safekeeping. Many of their peers balk at the reputational and financial risks.

JPMorgan names James Roddy to run corporate client banking

Roddy has worked at JPMorgan for more than two decades. He replaces Rob Holmes, who recently left the company to join Texas Capital Bancshares as CEO and president.

Yeah, We Can Take It – Texas Bankruptcy Court Defines the Scope of Its Post-Confirmation Jurisdiction

Executive Summary A recent decision from the United States Bankruptcy Court for the Northern District of Texas, In re Care Ctrs., LLC, No. 18-33967, 2020 Bankr. LEXIS 3205 (Bankr. N.D. Tex. Nov. 12, 2020), examined (1) the scope of bankruptcy court

CUNA Mutual, Inclusiv team up to boost CDFI certification

The two groups have launched a new effort to promote the benefits of being certified as a community development financial institution.

Citi to offer workers a 12-week sabbatical, extra vacation days

Citigroup will soon offer workers the ability to take a 12-week sabbatical as part of a bevy of new employee perks in the wake of the coronavirus pandemic.

Accounting firm settles FDIC claims tied to Chicago bank's failure

Bansley & Kiener, without admitting wrongdoing, agreed to pay $2.5 million to address allegations that lax oversight contributed to the 2017 collapse of Washington Federal Bank for Savings.

Bob Gold & Associates Ranks #1 in Manifest’s List of Top 9 HR Service Providers in Los Angeles

December 16, 2020 Bob Gold & Associates takes the #1 spot in Manifest’s List of Top 9 HR Service Providers in Los Angeles. A strong PR firm with corporate communication and crisis management expertise can help you strengthen communications with

Bob Gold & Associates Named a Top B2B Company in the World

December 17, 2020 Every year, Clutch announces their Leader Award winners. This week, they announced the Clutch 1000, the 1000 highest-performing service providers across the globe. These award winners represent the top 1% of companies on Clutch. We

Allied Federal Credit Union names new CEO

Tonia Clark will leave Las Colinas FCU to take the helm of $116 million-asset Allied.

New Chapter 11 Filing – In-Shape Holdings, LLC

On December 16, 2020, In-Shape Holdings, LLC, of Stockton, CA, a health club operator that had operated 65 clubs prior to the Covid-19 pandemic, and two affiliates filed petitions for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy

New Chapter 11 Filing – In-Shape Holdings, LLC

On December 16, 2020, In-Shape Holdings, LLC, of Stockton, CA, a health club operator that had operated 65 clubs prior to the Covid-19 pandemic, and two affiliates filed petitions for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy

ECB approves resuming bank dividends; Fed joins the green club

The eurozone’s conditions on resumed payouts are stricter than those announced by the Bank of England; the central bank has joined the international network on limiting climate change risks.

Holiday volunteerism stymied by pandemic

Social distancing has put a crimp in the credit union industry's usual philanthropic activities, but many institutions are finding new ways to give back during this festive season.

CFPB Issues Finalized Changes To Regulation F To Implement The Fair Debt Collection Practices Act

Creditors such as banks and credit unions are generally not considered “debt collectors” under the FDCPA. However, such first-party debt collectors could experience indirect effects from the Final Rule to the extent they hire FDCPA-covered debt

Pandemic’s projected hit to bank revenues: $3.7 trillion

A new report from McKinsey says that cost-cutting alone won’t make up for the steep revenue declines brought on by low interest rates and sluggish loan demand. “For some banks,” argues the report’s author, “mergers might be the best way out.”

ICBA replaces 2021 in-person convention with virtual event

The Independent Community Bankers of America had planned to hold its annual conference in Hawaii before the coronavirus pandemic hit.

Merger bolsters Telhio’s presence in Columbus

Columbus Metro Federal Credit Union members will have access to more products, including commercial loan services, and 14 branches with the merger.

Banks would have 36 hours to report cyberattacks under proposed rules

Federal banking agencies want to give the industry a hard deadline for notifying their regulators about serious security breaches and failed system upgrades.