ABI Blog Exchange

Bank of America optimistic it can put deposits to work in 2021

Pair of Cincinnati credit unions name new CEOs

Big-bank CEOs to testify before Congress in May

Bankr. M.D.N.C.: Bivens v. NewRez- Misapplication of Payments by Mortgage Servicer

Summary: CitiMortgage filed the original Proof of Claim in Ms. Bivens’ Chapter 13 case, with the claim subsequently being transferred first to Ditech Financial and then to New Penn Financial, d/b/a Shellpoint Mortgage Servicing. Nearing the

Truist accelerates branch cuts, closes in on expense targets

Welcome to Chris Odinet

On behalf of the other Credit Slips bloggers and myself, I would like to welcome Professor Chris Odinet as a guest blogger. Chris is a professor at the University of Iowa College of Law and is part of a new generation of scholars in the consumer

Law Review: Jonah R. Hall, A Creditor’s Kerfuffle: How the SBRA Harms Creditors in Small Business Cases, 25 N.C. BANKING INST. 595 (2020)

Summary: Despite its whimsical title, this note takes a rather dim view of the Subchapter V bankruptcies authorized by the Small Business Reorganization Act (“SBRA”), finding particularly problematic the replacement of the Absolute Priority Rule from

How Flagstar Bank shaved $48 million from crisis-era DOJ settlement

What the demise of Barclays' P2P app means for other banks

What credit unions need to know about robotic process automation

Alamo Drafthouse Files for Bankruptcy, Two Texas Theaters Will Close

KXAN Austin reports the the popular Austin, TX based theater chain is closing two locations in the State of Texas in response to their recent Chapter 11 Bankruptcy filing. The two locations are in Austin, TX and San Antonio, TX. From the article

The “Debt Respite Scheme” Regulations: More Delay for UK Landlords

From 4 May 2021 individuals will be able to apply for a moratorium that will provide a breathing space from creditor action. Our property litigation team have produced this alert considering the impact of the new regulations and what they mean for

Circle adds Facebook Diem vet to bring its stablecoin into mainstream

Claim’s priority under the Mexican Bankruptcy Law.

For clarity on this topic, we will explain the priority regime in different scenarios. In the first scenario, there are no secured or specially privileged creditors. In this scenario, claims against the estate are seniors to the rest of the creditors

New leadership in place at Greater New Orleans FCU

Citigroup scales back overseas, beats 1Q profit estimates

JPMorgan, Citi pledge trillions toward climate, sustainability

House bill aims to encourage more de novo banks

SVB Leerink hires Citi health care banker Jackey

Removing Subchapter V Debtor From Possession And Replacing With Subchapter V Trustee (In re Young)

By: Donald L Swanson When a Subchapter V debtor is removed from possession, the Subchapter V trustee steps into the possession role. That’s according to statute. Statutes Here are the statutory provisions (emphasis added): 11 U.S.C. § 1182(2) is