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

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New Chapter 11 Filing – Navient Solutions, LLC

On February 8, 2021, creditors filed an involuntary petition against Navient Solutions, LLC, the servicing arm of Navient Corporation, which manages nearly $300 billion in student loans for more than 12 million debtors after its 2014 split from

New Chapter 11 Filing – Navient Solutions, LLC

On February 8, 2021, creditors filed an involuntary petition against Navient Solutions, LLC, the servicing arm of Navient Corporation, which manages nearly $300 billion in student loans for more than 12 million debtors after its 2014 split from

PALCO Federal Credit Union chief to retire in March

Tom Rachael, who has led the Muncy, Pa.-based institution since 2003, will be succeeded by Scott Naughton, who is new to credit unions but has extensive experience in the financial services sector.

New York regulator offers incentives for climate-friendly loans

The department of financial services will grant credit under the state's community reinvestment law to New York-chartered banks and credit unions that finance projects aimed at helping low-income communities better adapt to a warming world.

New Chapter 11 Filing – Anglin Cultured Stone Products LLC

On February 8, 2021, Anglin Cultured Stone Products LLC, a Delaware-based construction company, filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the District of Delaware (Case No. 21-10389). The company

New Chapter 11 Filing – Anglin Cultured Stone Products LLC

On February 8, 2021, Anglin Cultured Stone Products LLC, a Delaware-based construction company, filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the District of Delaware (Case No. 21-10389). The company

Triangle Business Journal: Flood of business bankruptcies hasn’t hit yet, but here’s why Raleigh-Durham attorneys see one coming

https://www.bizjournals.com/triangle/news/2021/02/08/business-bankruptc…

Hellenic Union of Mediators — Doing Excellent Work!

By: Donald L Swanson There are many people, around the world, doing excellent work in promoting the use of mediation as a dispute resolution tool. One such organization is the Hellenic Union of Mediators, located in Athens, Greece (the “UNION”). Here

Tesla boosts bitcoin; Biden’s OCC choice divides Democrats

The auto company said it bought $1.5 billion of the digital currency and plans to accept it for purchases; but the two top contenders share similar views on racial inequality in banking.

How long can credit unions keep the mortgage momentum going?

Home loans accounted for the bulk of the industry’s lending gains in 2020, but inventory shortages in some markets and an uneven economic recovery may dim prospects this year.

Government Student Loan Mistake

Before I get to the main topic, some words on private student loans. Government Student Loan Mistake In The Works Government programs are mandatory; you either qualify for the TPD (Total Permanent Disability) discharge or you do not. Private student

More than 1 million homeowners feared imminent foreclosure in December

While loan performance is improving in aggregate, some borrowers remained unaware of the relief available or were unable to access it, according to the Research Institute for Housing America.

Biggest U.S. banks keep lending less and less of their money

The biggest U.S. banks reduced the portion of their collective balance sheets they’re dedicating to loans to a new low, extending a trend that’s seen the largest lenders put less and less of their firepower behind everyday borrowers.

Tough choice for next OCC chief: Erase or redefine 'fair access' rule

The Biden administration’s yet-to-be-named comptroller of the currency is widely expected to invalidate the GOP-backed measure that bars banks from shunning gun makers, fossil-fuel producers and the like. But another option is to recast it to promote

Wells Fargo invests in six Black-owned banks

Aside from the cash infusions, the San Francisco-based bank will assign dedicated teams to provide the lenders with financial, technology and product expertise.

Cisco Virtual Media And Analyst Roundtable – The Power of Connectivity: 5G and Wi-Fi 6 for the Win

Discussing impact across Mobility, Cable, Smart Cities and IoT 5G and Wi-Fi 6 are poised to be two of the biggest tech disruptors of the century. In a hyperconnected world, data will flow freely between more people, more places and more devices at

First Horizon experiments with taking core to the cloud

The regional bank is switching VirtualBank, a digital-only unit added through a recent merger, to a core system that relies on Finxact software and Amazon Web Services. The move epitomizes the industry's cautious approach to cloud-based technology.

NRA Examiner Motion

As I predicted, things were not going to go so smoothly for the National Rifle Association in bankruptcy. Today, the Hon. Phillip Journey, a Kansas state judge who was recently elected to the NRA's board of directors, filed an examiner motion in the

Reaffirmations Impose Impossible Demands On Bankruptcy Counsel

When BAPCA gutted the ipso facto clause, reaffirmation was left as the only way a debtor could be assured of retaining his wheels. Car lenders took sides back then, then changed sides, on whether they would automatically repossess a vehicle when the

Week ahead: CUNA disbands COVID recovery task force

The working group's final report is still forthcoming, but the trade association has already begun assembling a new team focused on the industry's digitization efforts in the wake of the pandemic.