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

Better Credit After Bankruptcy: Does Reaffirming A Car Loan Help?

Does reaffirming a car loan after bankruptcy help rebuild your credit? Rebuilding credit is the motivation that drives lots of debtors to waive the benefits of their discharge as to a car loan. A reaffirmation agreement has the debtor agreeing to be

State Street’s 2021 Proxy Voting Agenda

State Street Global Advisors (SSGA) released its eagerly awaited 2021 proxy voting agenda earlier this week and, unsurprisingly, climate change risk and the lack of racial and ethnic diversity are among the investor’s top priorities. In the annual

Don’t lose sight of what matters most: The customer

In these uncertain times, strengthening relationships with clients is the one thing front-line bankers can control.

Katie Porter loses seat on House banking panel, according to report

The California Democrat known for sharp questioning of executives was turned down for a waiver to serve on the Financial Services Committee by Speaker Nancy Pelosi, D-Calif., The Hill reported Thursday.

Profits fall 7% at Citigroup

However, it beat analysts' estimates thanks to a big reserve release, a smaller-than-expected rise in expenses and other factors.

When rioters attacked the Capitol, these payment companies were quick to respond

Some companies cut off the flow of cash to insurrectionists, while others put a halt to their political spending. Their actions came quickly after the events of Jan. 6.

Goldman Sachs to take over General Motors’ credit card business

Goldman Sachs Group Inc. signed a deal to take over General Motors' credit card portfolio.

Bankruptcy Filing Guide: Will I Lose My Rental Property?

Bankruptcy Filing Guide: Will I Lose My Rental Property? Options to Get Debt Relief Through Bankruptcy Protection When you’re ready to file for bankruptcy, you are likely struggling so much to handle your financial obligations that you don’t want to

NCUA takes over Indianapolis' Newspaper Federal Credit Union

In placing the $6.6 million-asset institution in conservatorship, the regulator has taken charge of two credit unions in just the first two weeks of the year.

Morgan Stanley's transformation chief pushes cloud tech, diversity

Sigal Zarmi, who took on broader duties this fall, is modernizing the company's technological infrastructure and using reverse mentoring to combat bias in the workplace.

Wells Fargo’s $1.1 billion in charges slows pace of cost-cutting

Fourth-quarter results were hurt by restructuring and customer-remediation charges, but the release of credit-loss reserves and the sale of a student-lending business gave an unexpected boost to net income.

OCC bans banks from excluding unpopular industries; Jerome Powell holds fast

The action is expected to be challenged by banks and the Biden Administration; the Fed chair says the central bank has no plans to raise rates or tighten monetary anytime soon.

JPMorgan Chase releases $3 billion of credit reserves, beats profit estimates

Strong trading and investment banking fees also contributed to a 42% increase in profit to $12.1 billion in the fourth quarter.

How Do I Stop Foreclosure in New Jersey? 

If you’re a New Jersey homeowner facing foreclosure, you’re certainly not alone. In fact, New Jersey has among the highest foreclosure rates of any state in the country. Because of the current moratorium on evictions and foreclosures during the COVID

OCC’s ‘fair access’ rule could be short-lived under Biden

Issued in the final days of the Trump administration, the regulation has united banks, gun-control advocates and environmentalists in opposition. It could be blocked by Congress or a comptroller chosen by the new president.

The Argentine 2020 Restructuring Drama: An Insider's Perspective

There has been much discussion of the recent (2020) Argentine restructuring on creditslips, including by Anna Gelpern ( here) and Mark Weidemaier ( here), two people who know more about these matters than pretty much anyone else anywhere. And

NCUA board splits over changes to controversial capital rule

In a party-line vote, the agency issued a proposal that would redefine a "complex" credit union.

GSEs allowed to keep more earnings, but what comes next is uncertain

The FHFA and Treasury will allow Fannie Mae and Freddie Mac to hold more capital as part of the Trump administration's plans to release the companies from conservatorship. But it is unclear if the incoming Biden administration will keep the mortgage

The Save Our Stages Act – Time for Eligible Businesses to Get Ready for Their Audition (Part 2 of 2)

This client alert is the second of a two part series concerning the Save Our Stages Act (the “ SOS Act”), which became law on December 27, 2020 as Section 324 of the Economic Aid to Hard-Hit Small Business, Nonprofits, and Venues Act (the “ Economic

NCUA, CFPB to coordinate some oversight of large credit unions

The National Credit Union Administration and the Consumer Financial Protection Bureau will hold strategy sessions and share information tied to consumer protections at institutions with more than $10 billion of assets.