ABI Blog Exchange

Main Street banks can avoid Wall Street's WhatsApp fines. Here's how.

Why the administration is letting crypto burn

The automatic stay always applies if debtor is named as a defendant

The Second Circuit recently announced a bright-line rule about the triggering of protections afforded by the bankruptcy Automatic Stay, holding that as long as the debtor is named as a party in a lawsuit, such as a foreclosure, the automatic stay

Missouri banker leads slate of new ABA officers, directors

SWIFT pilots technology meant to prevent trade settlement failures

SoftBank-backed servicer of a Kabbage portfolio goes bankrupt amid fraud probes

Will inflation drive more community banks into cost-cutting mode?

New York Fed taps BlackRock executive as legal counsel

Fake and Real People in Bankruptcy

This draft essay, Fake and Real People in Bankruptcy, just posted on SSRN, is considerably less far along than Unbundling Business Bankruptcy Law, posted last week. Fake and Real starts with a Third Circuit case that tends to be less well known: it

Fake and Real People in Bankruptcy

This draft essay, Fake and Real People in Bankruptcy, just posted on SSRN, is considerably less far along than Unbundling Business Bankruptcy Law, posted last week. Fake and Real starts with a Third Circuit case that tends to be less...

Women win new protections in California exemption law

New California exemption laws will expand protections for alimony and eliminated a barrier to filing for bankruptcy protection without the involvement of an estranged spouse. Although not limited to women, in the bulk of cases in my 40+ years of

Fed says debit cards must connect to multiple networks, even online

Fossil fuel financing poses growing risks to biggest banks

HSBC exploring sale of Canadian unit for latest disposal

CIBC shuffles leadership in U.S. division, investment banking unit

Centric Federal Credit Union in Louisiana promotes president to CEO

Crypto firms take divergent paths to the point of sale

Why A Uniform ABC Law Is Needed

By: Donald L Swanson Assignment for benefit of creditors (“ABC”) has existed for centuries under the common law of England and the United States. And the ABC process has worked well under that common law! ABC Function ABC has been an effective tool

Student Loan Relief, Now You See It, Now You Don’t

The clearly ill planned Biden student loan relief Student Loan Relief Sleight of Hand (Image https://www.amazon.com/Now-You-See-Dont-Lessons/dp/0394722027) executive order (not sure if that is even written down yet) changes again. This is like

Banks, credit unions at various stages of recovery from Ian