McCormack Archives — McCormack & AssociatesMcCormack & Associates

August 3, 2016

Published by Brie Truett at August 3, 2016

Bankers Helping Bankers

When we go to our family doctor, it is usually because we are sick; something is wrong and it needs to be fixed. Sometimes we just […]

Community Banking News courtesy of American Banker

Rakuten refiles with FDIC for ILC charter May 29, 2020
The Japanese e-commerce giant is taking another run at a U.S. banking charter after receiving feedback from the Federal Deposit Insurance Corp. about its initial application, which was withdrawn earlier this year.
Credit card lenders clamp down to mitigate coronavirus risk May 29, 2020
Since March, issuers have tightened their criteria for opening new accounts and closed millions of existing ones in hopes of avoiding waves of defaults.
PPP loan forgiveness, BofA’s cost cutting, Amex’s cloud commitment: Top stories of the week May 29, 2020
The SBA issues guidance on Paycheck Protection Program loan forgiveness; after staffing up for PPP, Bank of America may need to delay investments to meet cost targets; American Express has leaned hard on cloud tech to help employees work at home during the pandemic.
6 key Senate races for bankers to watch May 29, 2020
Several Senate Banking Committee members from both parties are facing tough reelection challenges in a year when control of the entire chamber — and the banking policy agenda — may be up for grabs.
Fed policies ‘absolutely’ don’t add to inequality, Powell says May 29, 2020
Chairman Jerome Powell said the Federal Reserve's actions during the coronavirus outbreak have been aimed squarely at helping U.S. workers, not Wall Street or wealthier Americans. He also said Friday that a new lending program geared toward middle-market firms is "days away" from getting up and running.