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

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Bankruptcy Code Meets Federal Arbitration Act — At U.S. Supreme Court? (GE v. Belton)

By: Donald L Swanson Uh-oh! The U.S. Supreme Court is requiring action on a certiorari petition that presents a Bankruptcy Code meets Federal Arbitration Act (“FAA”) question. Here is what’s happened: November 10, 2014: SDNY Bankruptcy Judge, Hon

Walmart plans fintech startup; Aussie banks launch no-interest credit cards

The giant retailer is looking to expand its menu of financial services products; in the face of competition, the banks are trying to simplify the product to get more people to use it.

Top Ten Reasons To Hire A Lawyer For Michigan Bankruptcy

Do you want to keep your house? As with all these points, hey, if you know how, it’s like being your own brain surgeon, knock yourself out, so to speak. What about reaffirm your mortgage? Reaffirming a debt re-instates your personal liability – just

Credit unions argue pandemic bolsters case to ease membership rules

Industry groups say the coronavirus has highlighted additional risks faced by institutions without a diverse member base.

Canadian banks eye U.S. acquisitions

Flush with excess capital, Bank of Montreal, TD Bank and others say they might be in the market to do a cross-border deal.

The Save Our Stages Act – Time for Eligible Businesses to Get Ready for Their Audition (Part 1 of 2)

Among the various bills that were amalgamated in the Consolidated Appropriations Act, 2021 (the omnibus appropriations and stimulus funding bill that was signed into law on December 27, 2020) was a modified version of the Save Our Stages Act (the “

Walmart creates fintech startup, speeding push beyond retail

The retail giant is teaming with the investment group Ribbit Capital on the venture, which will aim to provide new services to Walmart customers and employees.

With share prices rising, banks have more growth options

Bank stocks have climbed because of expectations that the change of power in Washington will hasten vaccine distribution and speed the economic recovery. The boost could give executives more flexibility to pursue acquisitions or make other strategic

New Chapter 11 Filing – Wardman Hotel Owner, LLC

On January 11, 2021, Washington, DC-based Wardman Hotel Owner, LLC, the owner of real property in Washington that formerly operated as the Washington Marriott Wardman Park Hotel, filed a petition for relief under Chapter 11 of the Bankruptcy Code in

New Chapter 11 Filing – Wardman Hotel Owner, LLC

On January 11, 2021, Washington, DC-based Wardman Hotel Owner, LLC, the owner of real property in Washington that formerly operated as the Washington Marriott Wardman Park Hotel, filed a petition for relief under Chapter 11 of the Bankruptcy Code in

What banks, fintechs can learn from Simple’s rise and sudden death

BBVA’s acquisition of Simple, the first neobank, was closely watched as a possible model for others in the industry. But the shutdown last week of Simple has again stirred a debate about whether upstarts and traditional players can ever fit together.

Banking groups suspend political donations after D.C. riot

Following similar decisions by big banks, the Consumer Bankers Association and Mortgage Bankers Association said they will halt all political contributions to elected officials as some lawmakers face harsh criticism for comments that incited the

Former CEO of Adventure Credit Union dead at 59

Brian McVeigh passed away on Dec. 31, following a 14-month battle with brain cancer, according to a release from the Michigan Credit Union League, having spent more than 35 years serving in a variety of roles at CUs across the state.

Hammered by pandemic, consumer lender Aura shuts down

The San Francisco company has faced financing challenges as its customers, largely lower-income Latinos, have struggled to keep up with monthly payments.

Surge in digital payments to continue in 2021: CO-OP

Consumers will continue to utilize new payments methods in the coming year, but are also likely to shift between credit and debit, the company said.

NCR offers to buy ATM operator Cardtronics for $1.7 billion

NCR Corp. offered to buy Cardtronics Plc for more than $1.7 billion, beating an earlier bid for the ATM operator from Apollo Global Management Inc. and a partner.

Banks keep piling credit card fees on retailers. Congress must act.

The fees banks charge to merchants have skyrocketed because people are making more purchases using their credit cards during the pandemic. Lawmakers can cap these fees before they further eat into retailers' profits.

New Chapter 11 Filing – Ferrellgas Partners, L.P.

On January 11, 2021, leading propane supplier Ferrellgas Partners, L.P. of Overland Park, KS, and subsidiary Ferrellgas Partners Finance Corp. filed a prepackaged Chapter 11 in the Bankruptcy Court for the District of Delaware (Case 21-10021). The

New Chapter 11 Filing – Ferrellgas Partners, L.P.

On January 11, 2021, leading propane supplier Ferrellgas Partners, L.P. of Overland Park, KS, and subsidiary Ferrellgas Partners Finance Corp. filed a prepackaged Chapter 11 in the Bankruptcy Court for the District of Delaware (Case 21-10021). The

Week ahead: PPP returns as unemployment rate remains unchanged

Members of the House could return to Washington early this week to vote on impeachment, while the National Credit Union Administration will revisit risk-based capital rules.