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

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SSDI Income Limits 2021 in Pennsylvania

If you are disabled, you may be eligible for monthly Social Security Disability Insurance (SSDI) payments. To qualify for SSDI, your condition must be serious enough to limit your ability to earn a living. Earning a living does not necessarily mean

PayPal gets more physical; Biden weighs student loan forgiveness

The company did more than $20 billion in in-store volume last year at more than 600,000 merchants; the president is now considering using an executive order to erase the debts.

CUNA's credit union awareness drive stuck in low gear

The onset of COVID-19 forced the industry’s largest trade group to put its Open Your Eyes campaign on hold, but nearly a full year later it’s still struggling for industry buy-in.

Will banks be pulled into GameStop uproar?

Banks weren't involved in the trading frenzy, but some observers say the regulatory response should address risks to all financial institutions.

Small bank's asset sale is opportunity zone's gain

To avoid taxes on the divestiture of a commercial lending unit, Woodforest National Bank backed an Alabama redevelopment project through a government program that promotes investment in underserved communities.

New Interim Final Rules Re: PPP Loan Forgiveness Requirements and Review Procedures as Amended by Economic Aid Act

On January 19, 2021, the U.S. Small Business Administration ( SBA) published its 28 th Interim Final Rule ( Forgiveness IFR) covering the loan forgiveness requirements and review procedures for the Paycheck Protection Program, as reauthorized and

Fed terminates 2017 enforcement action against Santander

The enforcement action, which concerned deficiencies in the auto lender’s compliance risk management program, was the last remaining regulatory matter Santander had to resolve.

Greek gang foiled after $14.4 million fraud attack on U.S. banks

A Greek-led organized crime group that stole more than $14.4 million from U.S. banks has been dismantled in a cross-border operation by three international law enforcement agencies.

Big-player competition, changing consumer habits hinder card rebound

Credit unions are hoping for a return to normal credit card spending patterns sometime during the second half, but the pandemic has created a domino effect of complicating factors.

GOP adds three senators to Banking Committee

Steve Daines of Montana, Bill Hagerty of Tennessee and Cynthia Lummis of Wyoming are joining the panel for the 117th Congress.

PayPal's record year helped by rapid rollout of new products

Its success was driven by its support for buying and selling cryptocurrencies, and its entry into the buy now/pay later market.

A Subchapter V Plan Needs To Be A First Day Filing (In re Online King)

By: Donald L Swanson Here is a Hard-Knocks Rule ( i.e., a lesson I’ve learned the hard way): A plan of reorganization needs to be a first-day filing—or as close to that as possible. This lesson first imposed itself upon me three decades ago. I’m

SBA nominee to focus on PPP; 'buy now, pay later' programs surge

Isabel Guzman wants the agency to better help minority businesses and underserved communities; volume has jumped by as much as 200% as consumers shop online and eschew credit cards.

STUDENT LOAN RELIEF? At LAST?

Not yet – but keep your eyes posted to this blog. Student Loan Dumpster Fire Government Student Loans Started Small n 1965, Congress passed the Higher Education Act, part of President Lyndon Johnson’s Great Society. On the one hand, the new law

Acting CFPB chief signals tougher stance against redlining

After the agency pulled back on fair-lending enforcement in the Trump administration, interim Director Dave Uejio has made clear his intent to use the “disparate impact” standard to launch more anti-discrimination probes.

Five Stars is Not Enough.

“Five Stars is Not Enough . ” T.D. It would be difficult to fully describe how effective and talented Diane is. She took my exceptionally (some would say ridiculously) complex case and made sense of it. I’d had a very negative experience with my

U.S. Bancorp hires wealth management executive from JPMorgan Chase

Scott Ford is the new president of the 1,400-employeee wealth management unit that caters to affluent clientele of the Minneapolis company.

Lenders embrace property-mapping tech, defying critics

Community banks say Vizaline’s software, which converts property descriptions into images, helps them catch errors before they close real estate loans without resorting to expensive land surveys. But traditional surveyors say the results are of

Community bank enlists Coinbase, SAP to offer crypto

Vast Bank in Oklahoma is one of the first to allow customers to purchase digital currencies, a market that has proved lucrative for fintechs.

Australia’s largest credit union to rebrand as a bank

The decision comes after a decade in which several U.S.-based institutions elected to drop the words "credit union" from their branding.