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

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Now more than ever, NCUA needs a reset

The regulator must rediscover bipartisanship and collaboration while ensuring new regulations don't overstep the Federal Credit Union Act.

California Debtors Have Expanded Debt Collection Rights

California outdoes the rest of the country in its debt collection protection of consumer. Debt collectors have noticed the growing understanding of debtors about their rights to fair debt collection. And they aren’t happy. The Federal law Fair Debt

May A Subchapter V Trustee Utilize (And Be Compensated For) Services Of An In-House Paralegal?

By: Donald L Swanson Question: May a Subchapter V trustee utilize the services of a paralegal employed by the trustee’s law firm: without a separate application for approval of the paralegal’s employment; and with the paralegal’s services being

JPMorgan to launch digital bank in U.K.; Fed downplays climate tests

The bank’s plans are more ambitious than Goldman’s Marcus bank, which only offers savings accounts; top officials say the Fed won’t pressure banks to avoid lending to certain industries.

Bankruptcy Is Not Failure

No, you are not a failure if you cannot pay your debts and file bankruptcy. Bankruptcy is, and should be, a last resort. The giant banks and mortgage companies that, with their politician friends, brought about the 2008 worldwide financial crisis

Signs point to more bank-nonbank M&A in 2021

Acquisitions of wealth management, insurance, fintech and other firms are expected to pick up as banks seek new sources of fee income and look to improve digital capabilities.

No Money Down Chapter 7: Attorney Fee Issue Burning in Nebraska

It costs a lot of money to go broke. The cost of filing Chapter 7 bankruptcy in Nebraska is $1,300 to $1,800 on average, and once a complete bankruptcy petition is filed attorneys are bared from collecting unpaid fees. The bankruptcy petition wipes

California to regulate early-wage access firms under landmark agreements

The companies pledged to share data with regulators, abide by certain restrictions on pricing and submit to regular examinations. But the voluntary pacts stop short of placing restrictions on existing revenue models.

She is like your favorite professor who just happens to be a spitfire attorney and advocate for understanding, support, kindness and knowledge.

“ She is like your favorite professor who just happens to be a spitfire attorney and advocate for understanding, support, kindness and knowledge.” N.B. I can’t describe in a short review how much Diane and her team changed my life. I’m not being

Kentucky banks agree to merge

Stock Yards Bancorp in Louisville says it would pay $190 million in cash and stock for Kentucky Bancshares.

Fed undecided on bank dividend cap in second quarter

Federal Reserve Chair Jerome Powell said the central bank will consider the pace of coronavirus vaccinations and other factors to determine if restrictions on dividends and share repurchases will continue.

Minimum wage rises again at Notre Dame FCU

The Indiana-based credit union increased its starting pay for the second time in two years as part of a push to boost compensation that began in 2017.

U.S. Bancorp names Oracle's Kimberly Ellison-Taylor to board

Ellison-Taylor, an expert in technology and finance and former chair of the American Institute of Certified Public Accountants, is the second Black woman and fourth person of color on the Minneapolis bank's board.

Bitcoin 'might break down altogether,' BIS head Carstens warns

Bitcoin is inherently risky and only central banks should issue digital currencies, according to the Bank for International Settlements.

Biden calls on HUD to examine Trump-era changes to fair housing rules

The president’s executive action looks to assess the impact of the previous administration's alterations to the Affirmatively Furthering Fair Housing and Disparate Impact rules, while reinforcing Biden’s vow to eliminate discriminatory lending

New York Community sets sights on M&A

The company is exploring a range of options to diversify its balance sheet, but new CEO Thomas Cangemi says the best plan of attack is to merge with or acquire another institution.

Biden's OCC expected to chart new course for fintechs, crypto, AML

The most likely picks for comptroller of the currency have pushed tech-driven approaches to financial inclusion and anti-money-laundering, and would bring new perspective to regulating cryptocurrencies.

Bond & Botes Attorney Amy Tanner Featured on NBC Affiliate WAFF Huntsville Concerning Emergency Rental Assistance

In December 2020, Congress Approved $25 billion dollars for Emergency Rental Assistance under the CARES Act to help those in need of rental assistance and help with utilities. NBC affiliate WAFF 48, in Huntsville, Alabama, recently interviewed Bond &

BlackRock’s 2021 CEO Letter – What It Means for Public Companies, Issuers of Public Debt, Large Private Companies, and Their Boards

Yesterday, BlackRock released its annual Letter to CEOs, which is also commonly referred to as the “Fink Letter.” With the firm managing approximately $9 trillion in assets, this open letter is widely read by public companies, market participants and

The Supreme Court Confirms That Passive Retention of Property Does Not Violate Section 362(a)(3)

On January 14, 2021, the Supreme Court unanimously held in City of Chicago v. Fulton that a creditor’s passive retention of a debtor’s property does not violate section 362(a)(3) of the Bankruptcy Code. The Court’s 8-0 decision (Justice Barrett did