The American Bankers Association will fund TV ads for Sen. Jon Tester, D-Mont., and Rep. Ted Budd, R-N.C., the first of several candidates the group expects to actively promote during the midterms.
Banks using Zelle share the good, the bad and the indifferent of the person-to-person payment network.
The New York senator offers legislation to empower U.S. post offices to take deposits and make loans.
Buyers are scooping up many of the market's biggest banks, making it harder for others to gain scale.
Nymbus is offering its bank clients a service to create a digital brand under their existing charter in as little as 90 days.
First Keystone, which gave no reason for Matthew Prosseda's abrupt departure, has formed a search committee to find a permanent replacement.
Established banks and financial startups bring different perspectives to the negotiating table. Better understanding those differences can make the sale of a fintech go more smoothly.
The Federal Trade Commission alleges in a lawsuit that the company's "no-hidden-fee" pledge is deceptive. LendingClub says the claims are unwarranted.
Spending on Visa Inc. debit cards — the favored plastic of the younger set — continues to grow at a faster clip than on credit.
Critics of the acting CFPB director have a new line of attack as he takes fire for remarks made at an industry conference earlier this week.
Grayson Hall has served as CEO since 2010. He will leave the post in July but remain executive chairman through the end of the year.
Putting aside the spin of both credit unions and banks, we offer some informed predictions about how the financial industry would be reconfigured if the century-old tax break were to disappear.
It’s tax season and millions of Americans dream all year of how they are going to spend their refunds. With tax refunds becoming more substantial over the years due to certain exemptions that can be claimed, many people plan on using their refunds from year to year to catch up on delinquent debts, pay medical expenses, make repairs to homes or cars, or even use the funds to take a vacation. The mindset for most Americans receiving a tax refund is to spend it rather than save it, because many people have been planning for months to receive the refund within a few weeks of filing the return.
Read More from: Bonds & Botes, P.C.
While other exemptions protect things worth a thousand dollars here and a couple of thousand there, the homestead protects $75,000 for a single person and $100,000 for a couple.
For the elderly or disabled, the homestead balloons to $175,000.
The homestead may be powerful and famous but often not well understood.
Here are six things you probably didn’t know about the homestead.
Read More from: The Soap Box
The Supreme Court’s recent decision in Merit Management Group, LP v. FTI Consulting, Inc. has appropriately drawn significant attention. The Court, by narrowing the “safe harbor” provision of Section 546(e) of the Bankruptcy Code, has opened the door for representatives of bankruptcy estates to use the avoidance powers of the Bankruptcy Code to seek to unwind a wider range of pre-bankruptcy transactions and recover value for the benefit of creditors. Most of the focus on the ruling has been on its anticipated impact on the administration of business bankruptcy cases. However, it is worth noting that the Court in Merit Management has taken a more pragmatic approach to statutory interpretation in its reading of the Bankruptcy Code than in two of its other recent business bankruptcy decisions, Baker Botts v. Asarco and Czyzewski v. Jevic Holding Corp., and the result in Merit Management appears to be more consistent with the intent of Congress than in those earlier cases
Read More from: Bankruptcy Law Insights
The Seattle company has faced criticism from an investor over its commitment to the business, which lost money in the first quarter.
Citigroup chairman Michael O'Neill said he's "agnostic" about keeping chairman and chief executive officer as separate roles and directors will consider Mike Corbat to be his successor.
CIT took a $22 million hit on a business loan, and overall loan growth was tepid.
Rep. Blaine Luetkemeyer said Tuesday that he's interested in the panel's top spot when Chairman Jeb Hensarling retires at the end of the year.
Live Oak Bancshares wants its next bank president to “step on the gas” as it accelerates growth into new industries.