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

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California credit union launches first-time auto ABS transaction

Unify Financial is sponsoring a $300M securitization of prime auto loans. The $3.3 billion-asset institution is only the second CU to sell securities backed by auto loans since the NCUA gave the green light for credit union securitizations nearly

CEO of Oklahoma's Credit Union to retire after 4 decades in charge

Mark Kelly will step down next month as president and CEO of the Oklahoma City-based institution. He will be succeeded by the credit union's executive vice president.

Reinventing Credit Counseling

The credit counseling profession has been turned upside down over the past 20 years. When I first started representing clients in bankruptcy cases, we would routinely refer clients to a Consumer Credit Counseling Services of Nebraska if we thought

Largest crypto exchange names ex-U.S. senator Baucus adviser

Binance Holdings, the world's largest cryptocurrency exchange, has named prominent former U.S. politician Max Baucus as a policy and government relations adviser.

Goldman: Back to office by summer; Chase expands home grants in Black neighborhoods

CEO Solomon says there are challenges but a good chance it can meet its goal; Chase Home Lending will expand a program that provides $5,000 for closing costs and down payments in majority-Black neighborhoods.

SEC Signals Support for Single Global ESG Disclosure Framework

Today, the SEC released a statement by Division of Corporation Finance Acting Director John Coates on ESG disclosure. In this post, we provide our observations on what his statement may indicate about the direction of globally coordinated efforts on

Citi's Fraser says idea women don’t help women is ‘utter rubbish’

There’s a theory in corporate America that women in positions of power don’t help other women. Citigroup Chief Executive Jane Fraser doesn’t buy it.

Lenders urge Biden to remove GSE cap on 'high-risk' loans

In its final days, the Trump administration imposed limits on Fannie Mae and Freddie Mac’s holdings of mortgages with loan-to-value ratios above 90% and certain other characteristics. Critics say the changes were unnecessary and disproportionately

House bill would push PPP deadline to May 31

The legislation would extend the Paycheck Protection Program for two months and give the Small Business Administration more time to remedy persistent system glitches that have delayed the processing of thousands of loan applications.

Xceed CEO Freeborn to chair Global Women's Leadership Network

A longtime fixture in the industry, Teresa Freeborn succeeds GWLN founder Susan Mitchell as chair of the group.

It's time for credit unions to reimagine rewards programs

There are signs that participation in cardholder loyalty offerings is slipping. Credit unions must reengage members if they hope to retain those accounts.

Bankruptcy Banter Podcast, Bifurcated Fee Discusion

Nebraska bankruptcy attorney Patrick Patino and had a great conversation about the hot topic of bifurcated chapter 7 fees in Nebraska. In a traditional chapter 7 case all fees must be paid before a case is filed. Why? Because unpaid attorney fees are

CFPB rescinds Trump-era policy defining 'abusive' conduct

The agency's new leadership, which has already unwound numerous actions from the prior administration, said the January 2020 guidance implementing criteria for punishing firms that mistreat customers was “inconsistent with the bureau’s duty to

Two California banks agree to merge

The $21 million deal would combine Feather River Bancorp, a small bank with deep local roots, and Plumas Bancorp, which has deeper pockets and a broader array of products and services.

4th Circuit: Alig v. Quicken Loans- Improper Value Disclosures with Appraisal Requests

Summary: While the bulk of this decision relates to class-action certification issues and is outside the scope of this blog, the underlying basis for this lawsuit relates to the disclosures by Quicken Loans to its appraisers of estimates of home

Biden Treasury pick quietly starts work to rein in Wall Street

Nellie Liang, President Biden's pick to serve as the Treasury's undersecretary for domestic finance, didn't wait to be nominated before beginning the task of strengthening Wall Street oversight.

House lawmaker proposes new restrictions on credit bureaus

The bill introduced by Rep. Patrick McHenry, the top Republican on the Financial Services Committee, would expand CFPB authority to the credit reporting industry and require that certain adverse information be removed from a consumer’s credit history

Celebrating Women’s History Month – Week 2

In honor of Women’s History Month, we’re highlighting the female members of the Bob Gold & Associates team. For week 2 Q&A we’re featuring Roxanne Leone. Roxanne brings two decades of experience leading technology companies and their communications

Credit Union Association of New Mexico names first Latino CEO

Juan Fernandez Ceballos will take the helm at the state league following Paul Stull’s retirement this summer.

Eleventh Circuit Allows Individual Chapter 11 Debtor To Argue Appointment Of Trustee Violated Thirteenth Amendment

In In re Breland, __ F.3d __ , 2021 WL 910657 (11th Cir., March 10, 2021) ( click here for .pdf) the individual Debtor filed a voluntary Chapter 11 petition. After it was determined that he was transferring assets and defrauding his creditors a