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

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Indiana’s second-largest credit union to get a boost with merger

Indiana Members CU will expand its reach later this year following completion of a proposed combination with Members Choice FCU.

The Biggest Lie About Bankruptcy

Your possessions are sold in bankruptcy. That is, flat out, the biggest lie about bankruptcy. It’s a liquidation proceeding and your stuff will be sold to pay creditors, goes the lie. No wonder people are scared off from getting relief from debts

Senate Banking Committee approves Biden's pick to head SEC

The nomination of Gary Gensler as chairman of Securities and Exchange Commission will now be voted on by the full Senate, but Rohit Chopra's nomination to head the Consumer Financial Protection Bureau remains held up in the Senate Banking Committee.

WSFS reinvention continues with Bryn Mawr Bank deal

The Delaware company would remove a rival, gain scale in affluent Philadelphia suburbs and accelerate its transformation from a branch-heavy lender to a digital-first bank with the $976 million acquisition.

The many paths fintechs are taking to banking’s mainstream

Square, LendingClub and SoFi are among the upstarts that once positioned themselves as outsiders but now seek to challenge banks more directly. Here's how they're doing it.

Waters urges regulators not to extend reg relief measure

The House Financial Services chair joined other Democrats to warn the federal agencies against further easing of the supplementary leverage ratio, a key capital requirement for large banks.

Fed warns banks they face consequences for slow Libor shifts

“Supervised firms that are not making adequate progress in transitioning away from Libor could create safety and soundness risks for themselves and for the financial system,” a Fed division director said.

Arizona group aims to jump-start European-style open banking in U.S.

The Arizona Fintech Council, an organization of banks, economic and technology groups, will encourage collaboration and access to the state's regulatory sandbox to promote a version of Europe's open banking policy in the U.S.

Goldman plans $10 billion initiative in support of Black women

Goldman Sachs Group said it will commit $10 billion in investment capital over the coming decade to help address the disproportionate biases that Black women have faced for generations.

WSFS to buy Bryn Mawr Bank for $976 million

The Delaware company's pending purchase will create a bank with $43 billion of assets under management.

Citi blocks firms with errant Revlon payout from debt deals

Citigroup is punishing investment firms that kept payments the bank accidentally sent to Revlon lenders by blocking them from certain new debt offerings led by the bank, according to people with knowledge of the matter.

NYC Pledges $65 Million of Taxi Aid That Drivers Call ‘Horrible’

This article first appeared at Yahoo Finance and link is below. https://finance.yahoo.com/news/nyc-pledges-65-million-taxi-163158992.ht… NYC Pledges $65 Million of Taxi Aid That Drivers Call ‘Horrible’ Henry GoldmanTue, March 9, 2021, 11:31 AM·1 min

New Chapter 11 Filing – Two Guns Consulting & Construction, LLC

On March 9, 2021, Two Guns Consulting & Construction, LLC, a consultant to the pipeline and facilities construction industry, filed a petition for relief under Subchapter V of Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the Southern

New Chapter 11 Filing – Two Guns Consulting & Construction, LLC

On March 9, 2021, Two Guns Consulting & Construction, LLC, a consultant to the pipeline and facilities construction industry, filed a petition for relief under Subchapter V of Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the Southern

New Chapter 11 Filing – NoMaD Retail LLC and ETX Retail LLC

On March 8, 2021, NoMaD Retail LLC and ETX Retail LLC, Texas-based companies engaged in community-based retail sales of mattresses, bedding and related furniture products, filed petitions for relief under Subchapter V of Chapter 11 of the Bankruptcy

New Chapter 11 Filing – NoMaD Retail LLC and ETX Retail LLC

On March 8, 2021, NoMaD Retail LLC and ETX Retail LLC, Texas-based companies engaged in community-based retail sales of mattresses, bedding and related furniture products, filed petitions for relief under Subchapter V of Chapter 11 of the Bankruptcy

How the CFPB can better regulate data sharing

As the Consumer Financial Protection Bureau weighs rules on protecting customer information shared between banks and third parties, it should consider giving consumers full authority over their financial data and committing to direct oversight of

Huntington's Harmening set to take helm at Associated

Andrew Harmening, who oversaw Huntington's digital strategy, will succeed the retiring Philip Flynn as president and CEO of the Wisconsin regional bank in April.

SoFi's California bank buy; gridlock plagues PPP’s final weeks

The fintech hopes the move, if approved, will accelerate its plan to become a national bank; lenders say they have too many applications already to deal with last-minute SBA revisions.

In pot banking, bigger isn't always better

With national banks awaiting federal decisions on marijuana banking policy, smaller institutions can capitalize on local laws. That’s the theory Colorado Ventures is putting to the test with a $5 million investment in AeroPay, which banks with