Skip to main content
Help Center
banner

ABI Blog Exchange

article-exchange

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

Read Article

Can You Apply for Disability After Being Laid off in Pennsylvania?

Unfortunately, there are people throughout Pennsylvania who have worked for their employer for years who suddenly find themselves laid off from their job. Some of these individuals suffered from a medical condition or disability that made work either

Even a small credit union couldn't escape the demand for contactless payments

Early in the pandemic, Michigan's Astera Credit Union realized that if it could not support touchless transactions, its members were likely to go elsewhere.]]

SEC Committee Discusses ESG Disclosure Requirements and D&I

On March 19, 2021, the SEC’s Asset Management Advisory Committee (AMAC) held a meeting to discuss the December 2020 potential recommendations that its ESG Subcommittee provided to the SEC on ESG disclosure requirements. During the meeting, the

‘We don’t need to rush’ on Fed digital dollar, Powell says

Democratic leaders are encouraging the Federal Reserve to develop its own digital currency to expand financial services access. Chair Jerome Powell indicated the central bank plans to take a methodical approach.]]

SOFR is the interest rate solution, not another problem

The Secured Overnight Financing Rate stemmed from years of discussion between regulators and a broad group of industry stakeholders about a safer alternative to Libor. Critics who say big-bank control of the new benchmark exacerbates risk are wrong.]

Why U.K.'s Revolut wants a U.S. charter

The fintech, which has applied for a California banking license and federal deposit insurance, aims to become a full-service online bank for 1 million Americans by year-end, says Ron Oliveira, its U.S. chief executive.]]

Northeast Credit Union CEO to retire this summer

Timothy Collia will step down from the Portsmouth, N.H.-based institution later this year. A search for his successor is already underway.]]

What to Know About Section 541 of the Consolidated Appropriations Act of 2021

By Keila Estevez Associate, Bernstein-Burkley, P.C. Keri Ebeck, Esq. Partner at Bernstein-Burkley, P.C. On December 27, 2020, the Consolidated Appropriations Act of 2021[1] (the “Appropriations Act”) was enacted. The Appropriations Act was passed in

What to Know About Section 541 of the Consolidated Appropriations Act of 2021

By Keila Estevez Associate, Bernstein-Burkley, P.C. Keri Ebeck, Esq. Partner at Bernstein-Burkley, P.C. On December 27, 2020, the Consolidated Appropriations Act of 2021[1] (the “Appropriations Act”) was enacted. The Appropriations … The post What to

Chartering a new credit union shouldn't be this hard

Changes to CDFI Fund regulations could make it significantly easier to raise the capital required to get a new institution off the ground.]]

Week ahead: Stimulus payments and political donations

NCUA Chairman Todd Harper has reiterated his call for CUs not to garnish members' econimic impact payments, while the industry's largest PAC has resumed campaign contributions after a brief pause.]]

Federal Reserve's digital dollar momentum worries Wall Street

Banks, credit card companies and digital payments processors are nervously watching the push to create an electronic alternative to the paper bills Americans carry in their wallets, or what some call a digital dollar and others call a Fedcoin.]]

WHY BANKRUPTCIES FAIL IN MEXICO

WHY BANKRUPTCIES FAIL IN MEXICO This article aims to explain why bankruptcy has not been the first choice for businesses in Mexico. For many businesspeople, bankruptcies are a failure in Mexico; if they were not, there would be more bankruptcy

Fed’s decision on banks’ capital ease; DOJ’s probe of Visa

While the Fed decided not to extend capital easing for banks, it is working on a longer-term fix for calculating banks’ supplementary leverage ratio; the agency is looking at whether the company’s debit card policies for merchants are anticompetitive

The big rethink: Credit unions on changes driven by pandemic

Twelve months after the public health emergency began, executives say it forced them to reexamine where employees work, retail strategies, office layouts and more.]]

Will PPP runoff expose revenue weakness at banks?

Fees from forgiven Paycheck Protection Program loans are providing a short-term lift, but balance sheets are shrinking and it isn't clear what will drive future growth.]]

Human Rights Watch on Imprisonment for Debt

What happens in countries where no consumer bankruptcy regime exists as a safety valve to assuage the worst consequences of unpayable debt? A report this week from Human Rights Watch ( "We Lost Everything": Debt Imprisonment in Jordan) offers one

Law Review: Odinet, Christopher K., Modernizing Mortgage Law (March 15, 2021). North Carolina Law Review, Forthcoming

Abstract: Modern mortgage law is designed for a world that no longer exists. The residential mortgage transaction of today looks nothing like it did during the formative period when the property laws governing mortgages were developed. What was once

U.S. weighs global benchmark on climate impact for Wall Street

The Treasury Department and U.S. regulators aim to boost demand for assets that tackle climate change, while preventing companies from making claims that could be considered “greenwashing,” or overstating the significance of emissions reductions and

FICO-free credit card, pot banking penalty, stimulus pay delay: Top stories of the week

Challenger bank TomoCredit rolls out first credit card that doesn't use FICO score; the first penalty for pot banking violations lands on a credit union; blame Treasury, IRS for delay in stimulus payments, banks say; and more from this week's most