ABI Blog Exchange

Senate Banking committee greenlights Barr as top Fed regulator

Chapter 13 Eligibility Just Greatly Expanded

Congress has just expanded and simplified eligibility for Chapter 13 by enacting new debt limits. This is big news and long-awaited. Upon the president’s signature on S. 3823, Chapter 13 debtors can have up to $2.75M in debts and qualify for the

What Is the Difference Between Clerical and Compensable?

A short order crossed my desk the other day in In re Preferred Ready-Mix, Case No. 21-33369 (Bankr. S.D. Tex. 6/6/22), Dkt. #207. A creditor filed an application for administrative expense. No one objected. However, the Court reduced the fees

CFPB ends no-action letter with fintech lender Upstart Network

State Street falls after staying mum on Credit Suisse bid report

Pierre Habis to lead digital transformation at Santander Bank

BMO hires Citi’s Agrawal as risk chief as Cronin steps down

Bahrain Islamic Bank (BisB) has appealed its loss to Arcapita to the US Court of Appeals for the 2nd Circuit

This is the highest federal court in New York. The only higher court in the United States is the U.S. Supreme Court. The appeal is unusual in several respects, including that it was filed 10 years after Arcapita entered chapter 11 bankruptcy

FHFA, CFPB urge financial firms to offer disclosures in Spanish

6 de novos explain their tech choices

JPMorgan backs software startup Codat at $825 million valuation

Latest global banking news

Regions launches investment advisory service aimed at young customers

Judge Jernigan Debuts Her Second Novel

Judge Stacey C.G. Jernigan is best known for the writing she publishes from her office at 1100 Commerce Street. I was able to locate 270 of her opinions on LEXIS. Some of my favorites are In re Tinsley, 2010 Bankr. LEXIS 4156 (Bankr. N.D. Tex. 20100

MNB in California names new CEO

Funding squeeze at buy now/pay later pioneer Affirm flashes warning

Bankers should dread the idea of a CBDC

KeyBank becomes a payment facilitator to better serve business clients

Toomey backs Barr ahead of committee vote

Personal liability for PAYE, and all that Hoey (UK)

The Court of Appeal recently handed down its judgment in the Hoey case. The case is noteworthy because it helps illustrate the extent of HMRC’s powers to collect tax by shifting compliance obligations from one person to another. As can be readily