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

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New Chapter 11 Filing – Medley LLC

On March 7, 2021, Medley LLC, a New York, NY-based financial services company, filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the District of Delaware (Case No. 21-10526). The company focused on credit

Wells Fargo cleared in racial hiring inquiry; Goldman’s changing corporate culture

Labor said it’s satisfied with the changes the bank has made to hire more Black managers; the exit of nine senior executives reflects the move away from a partnership approach.

Bank CEO sought meeting with Trump while eyeing job, prosecutors say

Stephen Calk, who is scheduled to face trial in June on bribery charges, allegedly reversed course on whether to make a multimillion-dollar loan to Trump’s campaign chairman following the then-president-elect’s surprise victory in November 2016.

7 takeaways from NCUA’s 4Q data

Lending slowed, credit allowances mounted and return on assets as well as other performance ratios weakened, according to year-end figures from the credit union regulator.

CFPB throws mortgage market another curveball

Some applaud the agency's recent delay of the mandatory compliance date for a new Qualified Mortgage standard. Others say it leads to more uncertainty for lenders, opens the door to additional changes and enables some companies to loosen their

News: WRAL- Proposed changes to bankruptcy laws could help struggling families

Proposed changes to bankruptcy laws could help struggling familiesTags: 5 On Your Side, bankruptcy, consumerPosted February 26, 2021 5:25 p.m. ESTUpdated February 26, 2021 5:46 p.m. EST By Monica Laliberte, WRAL executive producer/5 on Your Side

Law Review: Greene, Sara Sternberg, Stealing (Identity) From the Poor (February 8, 2021).

Abstract: The law of data breaches is new, dynamic, and evolving. The number and complexity of breaches increases each year and legal scholars, courts, and policymakers scramble to respond. In 2019, 14.4 million consumers became victims of identity

CFPB Report: Housing insecurity and the COVID-19 pandemic

Executive Summary: In 2020, those who have fallen behind at least three months on their mortgage increased 250 percent to over 2 million households, and is now at a level not seen since the height of the Great Recession in … CFPB Report: Housing

Bankr. M.D.N.C: In re St. Fleur- Mobile Home is not a Motor Vehicle under Federal Law

Summary: The Debtor owns a 2012 Clayton mobile home which she acquired approximately 507 days prior to filing bankruptcy. Arguing that the Hanging Paragraph of 11 U.S.C. § 1325(a)(5) allowed the cram-down of any thing of value other than a … Bankr. M

Can You Rescue Your Business With Chapter 13

Small business owners who are sole proprietors can enlist the power of bankruptcy’s Chapter 13 to rescue their business at a price they can afford. Everyone thinks of Chapter 11 as the “keep the business and ditch the debt” form of bankruptcy. But

Bankr. M.D.N.C.: Bivens v. NewRez- Authority of Bankruptcy Court to Enter Final Order for Discharge and Stay Violations

Summary: Mortgage Servicers argued that the bankruptcy court was limited to submitting proposed findings of fact and conclusions of law to the district court for de novo review unless the parties consent to the bankruptcy court hearing and

Comerica names leader of outreach to nonprofits in Black community

The Dallas company has given Summer Faussette, an external affairs executive, the additional role of national African American business development manager, with a special focus on networking with nonprofit organizations.

Davis Polk Client Memo: SEC Establishes Enforcement Division Climate and ESG Task Force

Yesterday, the Securities and Exchange Commission announced a newly created Climate and ESG Task Force in the Division of Enforcement. The announcement is a reminder for public companies, investment advisers and funds to prepare for increased

Extending PPP, signals from CFPB pick, CRE lenders’ growing fear: Top stories of the week

Banks lobby Congress to postpone PPP deadline; Biden’s CFPB nominee puts loan servicers, credit bureaus on notice; commercial real estate lenders worry office workers won’t come back; and more from this week’s most-read stories.

What are the Penalties for Homicide by Vehicle While Driving Under the Influence (Pennsylvania)

The crime of vehicular homicide can be complicated even more so by an accusation of the driver being under the influence of alcohol or drugs during the time that the crime was committed. The Bucks County homicide defense attorneys at Young, Marr &

People with disabilities struggle to save. Purple says it has a solution.

The fintech will help these consumers set aside money in a tax-advantaged savings account that won’t jeopardize federal benefits tied to income.

Lenders wary as Fed's PPP facility nears deadline

A big funding source for the Paycheck Protection Program is set to expire on March 31. Its demise would pinch nonbanks that are originating and buying loans, especially if Congress continues the PPP beyond this month.

Formal processes crucial to diversifying credit union boards: Report

The number of credit unions having serious conversations about diversifying their boards is on the rise, according to a new study from CUES, but those efforts are more likely to succeed if targets, education and other factors are in place.

Megabanks rein in CEO pay. Expect others to follow.

The largest banks have cut compensation or held it steady for their top executives. Many regionals are expected to make similar decisions as boards balance the desire to reward strong leadership during the pandemic with lackluster financial

Celebrating Women’s History Month

In honor of Women’s History Month, we’re highlighting the female members of the Bob Gold & Associates team. We posed a number of questions to each and asked them to tell us about themselves and their journeys. We’ll be sharing one per week throughout