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

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New Chapter 11 Filing – Country Fresh Holding Company, Inc.

On February 15, 2021, Country Fresh Holding Company, Inc. of Woodlands, TX, along with affiliated companies, filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the Southern District of Texas (Case No. 21

Bank of America, Citi trim CEO compensation for 2020 in year of restraint

Bank of America and Citigroup trimmed compensation for their chief executives in 2020, a year in which banks exercised restraint in compensating employees as the pandemic ravaged the economy.

Study: Early Referrals To Mediation, With Opt-Out for Good Cause, Are Effective

By: Donald L Swanson When an opt-out for good cause exists, early referral of a case to mediation facilitates settlement. –This conclusion is from a “large sample” study of mediations involving the federal government as party defendant. The “large

Mortgage boom expected to roll on; European banks bite the bullet

About 19 million loans, worth $7 trillion, are still strong candidates for refinancing; the pandemic has demonstrated the need for banks to close branches and cut jobs.

How Bad Will It Get?

Real bad. $15 per hour minimum wage will cost jobs and blow up some small businesses. McDonalds is fine with it, of course, drives out the competition and they can afford to invest in machine replacements for live workers. Raising the federal minimum

How soon will fee income rebound at credit unions?

Noninterest income from Paycheck Protection loans and mortgage refinancings isn't enough to make up for shortfalls elsewhere, and growth prospects are hard to identify.

Community bankers’ optimism on economy fades

A full rebound won’t occur until next year at the earliest because of the slow vaccine rollout, most executives at small banks said in a new survey. Last summer, more than half expected a turnaround this year.

Community bankers’ optimism on economy fades

A full rebound won’t occur until next year at the earliest because of the slow vaccine rollout, most executives at small banks said in a new survey. Last summer, more than half expected a turnaround this year.

FTC Bans Payday Lenders: Harvest Moon, Gentle Breeze and Green Stream. Forgives Illegal Debt

FTC Bans Payday Lender and Forgive Illegal Debt – Lead Express, Inc.; Camel Coins, Inc.; Sea Mirror, Inc,; Naito Corp.; Kotobuki Marketing, Inc.; Ebisu Marketing, Inc.; Hotei Marketing, Inc.; and Daikoku Marketing, Inc.From Industry Owners, operators

Consolidated Appropriations Act (CAA) Amends 11 U.S.C. §1328- Discharge of Debts

Keri Ebeck, Esq. Partner at Bernstein-Burkley, P.C. On December 22, 2020, Congress passed the Consolidated Appropriations Act, 2021 (“CAA”), which was signed into law by the President on December 27, … The post Consolidated Appropriations Act (CAA)

Consolidated Appropriations Act (CAA) Amends 11 U.S.C. §1328- Discharge of Debts

Keri Ebeck, Esq. Partner at Bernstein-Burkley, P.C. On December 22, 2020, Congress passed the Consolidated Appropriations Act, 2021 (“CAA”), which was signed into law by the President on December 27, 2020. The CAA specifically amends §1328 and adds

What’s After Forbearance

Last spring, the CARES Act entitled everyone with a federally backed home mortgage to a forbearance of 6 months, extendible for another 6 months. 15 USC 9056. The end of the mandated forbearances is approaching for many. But the law provides no clue

Six steps to ethical unbundling of bankruptcy representation

No matter how many hoops the client dutifully jumped through, without adequate inquiry and communication, the bankruptcy attorney was slammed for unbundling his services. The representation agreement at issue excluded representation in any adversary

ISS Issues 2021 Governance QualityScore Methodology Updates

On February 8, 2021, ISS announced the updated methodology guide the firm uses to determine a company’s Governance QuickScore (GQS), its proprietary rating system designed to help institutional investors assess companies for governance quality and

Swipe fee showdown, PPP’s repeat customers, OCC’s conflict of interest: Top stories of the week

Big banks, Big Tech face off over interchange fees; majority of Paycheck Protection Program loans going to second-time borrowers; debate on the next OCC chief has glossed over flaws in the agency’s funding structure; and more from this week’s most

Swipe fee showdown, PPP’s repeat customers, OCC’s conflict of interest: Top stories of the week

Big banks, Big Tech face off over interchange fees; majority of Paycheck Protection Program loans going to second-time borrowers; debate on the next OCC chief has glossed over flaws in the agency’s funding structure; and more from this week’s most

Why data aggregators want to be regulated by CFPB

As the bureau writes data-sharing rules, the third-party firms that work with fintechs say oversight by the agency would be more efficient — and better for consumers — than being policed by their bank partners.

Why data aggregators want to be regulated by CFPB

As the bureau writes data-sharing rules, the third-party firms that work with fintechs say oversight by the agency would be more efficient — and better for consumers — than being policed by their bank partners.

PPP boosts banks' interest in other SBA loan programs

Banks have diverted resources from traditional Small Business Administration lending to make Paycheck Protection Program loans, but many are taking steps to rev up 7(a) and 504 lending once the PPP winds down.

PPP boosts banks' interest in other SBA loan programs

Banks have diverted resources from traditional Small Business Administration lending to make Paycheck Protection Program loans, but many are taking steps to rev up 7(a) and 504 lending once the PPP winds down.