ABI Blog Exchange

Nominations are now open for the Most Powerful Women in Banking: Next 2022

Subprime consumer lender Elevate settles with D.C. authorities

U.S. Treasury defeats states’ suit challenging a rule on sold loans

Two investor groups raise pressure on Republic First

Tax Obligations and Debt Problems May Be Greater for Married Couples

It used to be assumed that getting married would help to alleviate debt concerns because doing so would have a positive effect on a person’s tax bill, among other things. However, that may not actually be the case, especially if both spouses have

TD Bank expands benefit offerings in fight for financial talent

Lawmakers appear unlikely to limit stablecoin issuance to banks

FDIC researchers say tech-savvy banks outperformed on PPP loans

What Apple's pact with Stripe means for the point of sale

GoCardless raises $312 million to accelerate open banking expansion

4Q rise in credit card balances was largest on record

M&T Bank cuts overdraft fee to $15, scraps other charges

American Express launches consumer checking with rewards

Nasty family drama with Bank of America board member exposes tax risk of gifts

Deutsche Bank eyes Florida wealth management expansion

Involuntary + ABC + Voluntary [All For Same Debtor] = Stay & Transfer Orders (In re Aliera)

By: Donald L Swanson An “Order Staying the Later-Filed Bankruptcy Cases” is from In re The Aliera Companies Inc., Case No. 21-11548, Delaware Bankruptcy Court (issued January 18, 2022, Doc. 56), followed by an “Order Transferring Venue of the Later

Australia’s Litigation Funding Reforms Remain Contentious

The regulation of litigation funding remains a hot topic in Australia. In 2020 significant reform occurred with the Corporations Amendment (Litigation Funding) Regulations 2020 (Cth) ( Regulation). The Regulation required litigation funders to hold

The road ahead for Meta’s Diem under Silvergate Bank’s ownership

Former Manafort banker sentenced to year in prison for bribery

Lenders Beware: Lender Liability is Real and Can Cost You Dearly

There is a common misconception that lender liability is a thing of the past.  However, a recent decision provides a warning to lenders that they can be held liable and face substantial damages if they exercise excessive control over a debtor’s