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

Looming risk for borrowers, renters when relief ends, CFPB says

In an analysis of the pandemic's impact on the housing market, the agency said nearly 10% of households could be at risk of eviction or foreclosure despite government programs to enable homeowners to delay their payments.

Dimon sees ‘carrots and sticks’ approach to COVID vaccines

While JPMorgan Chase’s chief executive would like the bank’s employees to get the COVID-19 vaccine, he said it’s unlikely to require the shots at least for now.

Microsoft wants bigger piece of cloud banking market

The company is emphasizing the software interoperability of the service it's launching that caters to banks, which are making huge investments in cloud computing. It will face off against big-tech rivals in the market like IBM, which touts the

Bottlenecks at SBA holding up loan approvals

Turnaround times on loans in the 504 program are stretching out for weeks as the Small Business Administration grapples with a spike in applications and responsibilities tied to the Paycheck Protection Program.

New Chapter 11 Filing – MobiTV, Inc.

On March 1, 2021, MobiTV, Inc. of Emeryville, CA filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the District of Delaware (Case No. 21-10457). MobiTV is a provider of live and on-demand video delivery

New Chapter 11 Filing – MobiTV, Inc.

On March 1, 2021, MobiTV, Inc. of Emeryville, CA filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the District of Delaware (Case No. 21-10457). MobiTV is a provider of live and on-demand video delivery

Changes in 2021 for the UK Restructuring and Insolvency Market – Part 3

In the final part of our predictions for 2021 for the UK insolvency market we look at pensions, the National Security and Investment Bill and cross border matters. The first and second part of this series of blogs is available here ( part 1) and here

February 2021 Ponzi Scheme Roundup

Posted by Kathy Bazoian Phelps Below is a summary of the activity reported for February 2021. The reported stories reflect at least 3 new Ponzi schemes worldwide, 1 guilty plea, over 62 years of prison sentences, and an average age of approximately

How the pandemic has changed small banks' views of CRE

Community banks, which for years have relied heavily on commercial real estate lending, have been tightening underwriting standards, conducting more-frequent loan reviews and stepping back from certain subsectors to minimize their credit exposure.

CRE lenders’ growing fear: Office workers won’t come back

Already contending with stressed retail, hotel and restaurant loans, bankers are beginning to view office lending — historically a safe bet — as increasingly risky as companies of all types rethink their space needs.

Law Review: Cox, Prentiss and Engel, Kathleen, Student Loan Reform: Rights Under the Law, Incentives Under Contract, and Mission Failure Under ED (October 6, 2020). Harvard Journal on Legislation, Forthcoming,

Abstract:The federal student loan program is a disaster. Over five million people are in default even though Congress provides all borrowers with the right to affordable payments and to discharge of borrowers’ debts in specific circumstances. Many

News: Credit Invisibility and Chapter 13

Questions about the fairness of the current credit reporting system have recently started to take new prominence with the National Consumer Law Center releasing a report The Credit Score Pandemic Paradox and Credit Invisibility and blog posts on

Law Review: Carlson, David Gray, Giving Back a Fraudulent Transfer: A Defense to Liability? (July 1, 2020). Cardozo Legal Studies Research Paper No. 613, 94 Am. Bankr. L.J. (2020)

Abstract: In Whitlock v. Lowe (In re Deberry) (5th Cir. 2019), the Fifth Circuit court of appeals found it obvious that if a transferee gives back fraudulently transferred funds (which the debtor then dissipates), the transferee has a complete

I couldn’t have done it — wouldn’t have dreamed of even trying — without you and Jay. You’re the very best!

“I couldn’t have done it — wouldn’t have dreamed of even trying — without you and Jay. You’re the very best!” D.C. For a review I decided to do something a little different, which is to adapt my last email letter because it illustrates my elation and

Georgia Bankruptcy Judge Paul Bonapfel Lowers Boom On Chapter 7 Trustee and Counsel Fees

In what certainly will be one of most important and talked-about orders to come out of the Northern District of Georgia in some time, Judge Paul Bonapfel eviscerated a fee application filed by a Chapter 7 Trustee and counsel. The case is In re

Addressing Credit Invisibility Through Federal Contracting Power

The Biden administration could substantially reduce the number of "credit invisible" and "thin file" consumers without legislation, simply through a determined use of federal contract regarding multi-family mortgages and wireless spectrum licenses

Substituting Bankruptcy For Other Options: Is It Viable?

Substituting Bankruptcy For Other Options: Is It Viable? What Are The Alternatives To Filing For Chapter 7 Or Chapter 13 Bankruptcy? Bankruptcy is the most effective solution for debt relief available for most people. However, many people want to do

Downside of Biden’s PPP plan, CFPB’s hiring binge, HSBC’s U.S. endgame: Top stories of the week

Biden plan to help smallest PPP applicants has drawbacks, banks warn; CFPB goes on hiring spree as it looks to ramp up enforcement; seeing if HSBC’s patience on fate of U.S. retail unit will pay off; and more from this week’s most-read stories.

Citi's Corbat has parting words: 'Banking is quickly changing'

Michael Corbat’s departure comes as Citigroup is facing fresh scrutiny from regulators about its underlying technology and internal controls, work that will continue on incoming CEO Jane Fraser’s watch.

Heat's on lenders to reduce climate risk. Big question is how.

Going green takes time, so lenders need to start revamping entire business relationships now, according to one sustainability-focused nonprofit. That process could include setting environmental goals for fossil-fuels companies and other customers