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2 Apr 2020, 9:12 am
There are no parallels for the pandemic fueled slowdown that the U.S. economy is currently contending with, and that is forcing economists like those of Bank of America Global Research to forecast a decidedly grimmer outlook for the American economy than they offered just two weeks ago. [read post]
2 Apr 2020, 8:46 am
Schlanger Law Group recently filed federal complaints on behalf of individual consumers against American Express and HSBC Bank in cases involving theft of our clients’ credit card information. [read post]
2 Apr 2020, 6:36 am
More than 12 million Americans are victim of identity fraud every year, and the average financial loss per identity theft incident is just over $5,000. [read post]
2 Apr 2020, 6:19 am
The stakeholders joining the petition are financial services associations including the American Bankers Association (ABA), American Financial Services Association (AFSA), Consumer Bankers Association (CBA), Credit Union National Association (CUNA), Independent Community Bankers of America (ICBA), Mortgage Bankers Association (MBA), and National Association of Federally-Insured Credit Unions (NAFCU). [read post]
2 Apr 2020, 5:00 am
Tencent and Alibaba refused to feed their transaction data to a government credit reporting program under the People’s Bank of China. [read post]
1 Apr 2020, 9:33 am
The new company, which avoids direct financial transactions with Iran or use of the American banking system, is an effort to encourage Iran to keep compliance with the 2015 nuclear deal that President Trump pulled out of last year. [read post]
1 Apr 2020, 6:16 am
For most Americans, no action is required. [read post]
1 Apr 2020, 5:02 am
“Under the CARES Act, Americans living abroad are eligible to receive the Recovery Rebate alongside Americans in the US. [read post]
31 Mar 2020, 9:01 pm
And our best national defense is herd immunity, which does mean that we need a large percentage of Americans to have vaccines. [read post]
31 Mar 2020, 8:22 am
Feeding Illinois Network: This food bank and others are looking for volunteers to donate money or time in facilities across the state. [read post]
31 Mar 2020, 6:40 am
Sweden is banking on the slowly approaching a herd-immunity point without its health-care system being overwhelmed. [read post]
31 Mar 2020, 5:24 am
In remarks before the American Bar Association Banking Law Committee on January 17, 2020, the FRB Vice Chair for Supervision, Randal Quarles, proposed limiting the Federal Reserve’s application of Matters Requiring Attention (“MRA”) identified in supervisory exams to legal and regulatory violations and “material” safety and soundness issues (i.e., those that could affect a bank’s supervisory rating). [read post]
30 Mar 2020, 9:01 pm
It matters even more under Massachusetts law, which provides greater protection to employees than does federal law.Let’s consider liability for sexual harassment under federal law first.In the Supreme Court’s first harassment case, Meritor Savings Bank v. [read post]
30 Mar 2020, 12:01 pm
Local banks/financial institutions will be the sources of the funds. [read post]
30 Mar 2020, 9:19 am
What are the terms of the loan (initial deferment, repayment term, interest rate, collateral, personal guaranty, bank fees)? [read post]
30 Mar 2020, 6:30 am
Langbein, Yale Law School, has posted Because Property Became Contract: Understanding the American Nonprobate Revolution:In modern American practice the state-operated court system for transferring wealth on death, called probate, is being displaced. [read post]
30 Mar 2020, 4:59 am
Her twin goals were “becoming the bridge between the American market and the Hispanic market” and “building a career as an entrepreneur. [read post]
28 Mar 2020, 7:32 am
President Trump on Friday signed a massive $2 trillion emergency spending bill into law, promising to deliver a tidal wave of cash to individual Americans, businesses and health care facilities all reeling from the coronavirus pandemic. [read post]
28 Mar 2020, 7:05 am
The women and men of the SEC are focused on two overriding issues: (1) we are facing a national challenge—an unprecedented health and safety crisis that requires all Americans, for the sake of all Americans, to significantly change our daily behavior, including behavior at our banks, broker-dealers, investment advisers and other market participants; and (2) the reality that the continuing orderly operation of our credit and other capital markets is an essential… [read post]
27 Mar 2020, 4:00 pm
Board of Governors of the Federal Reserve System: https://www.federalreserve.gov/covid-19.htm Commodity Futures Trading Commission: https://www.cftc.gov/coronavirus Conference of State Banking Supervisors: https://www.csbs.org/information-covid-19-coronavirus Consumer Financial Protection Bureau: https://www.consumerfinance.gov/coronavirus/ Federal Deposit Insurance Corporation: https://www.fdic.gov/coronavirus/index.html Federal Trade Commission:… [read post]
