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Insolvency Service “reframes” view of creditor – IPs can apply their discretion (UK)

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Bankruptcy Tidbits

Seniors And Debt Hey, I remember those “mythical” times! In a mythical American past, families took out one 30-year mortgage, worked at one company for 30 years while paying off the mortgage and sailed off into retirement free of debt. Not mythical

Banks fear AML relief may be slow to materialize

Michigan Legacy calls timeout on sports betting

Nicolet expanding in Michigan with deal for Mackinac Financial

Law Review: Jackson, Howell Edmunds and Mark, Colin, May the Executive Branch Forgive Student Loan Debt Without Further Congressional Action? (April 5, 2021).

Abstract: On April 1, 2021, the Biden Administration announced that Secretary of Education Michael Cardona will consider whether the President has legal authority to forgive up to $50,000 per debtor in student loan debt without further Congressional

Why BancorpSouth cast a bigger net for its latest acquisition

Fans call crypto bank Avanti the future. Critics say it’s too risky.

Fed official backs using capital buffer to reduce impact of future crises

Florida investment group buys Illinois bank after two-year wait

Jeff Davis Teachers FCU seeks merger approval after fruitless CEO search

CFPB 'racial equity' effort risks overreach

Ameriprise to buy BMO unit with $124 billion in client funds

List It Or Lose It: When Actual Knowledge Isn’t Enough

To actually effect abandonment of unadministered assets in a bankruptcy case, the asset in question must appear on Schedule A/B. That’s the hard teaching of Stevens v. Whitmore from the 9th Circuit BAP. A passing reference to an asset in the SOFA isn

Powell: Need for digital dollar is an issue for Congress, public

BancorpSouth in Mississippi to buy Cadence Bancorp. for $2.8 billion

Troubles multiply for Credit Suisse CEO; Coinbase set to go public

VyStar shrugs off community bank concerns, stays focused on growth

FDIC has tough task persuading unbanked to deposit stimulus checks

Longtime CEO of NuMark Credit Union retires

BofA’s new sustainable financing goal: $1 trillion by 2030