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

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Early-pay providers get more clarity from CFPB (for now)

New guidance from the Consumer Financial Protection Bureau shows how companies that offer workers early access to their wages can avoid being regulated as lenders. But the incoming Biden administration could add new complications.

PayPal blocks group that helped Trump supporters travel to D.C.

PayPal Holdings closed an account held by Joy In Liberty, one of the groups that paid for supporters of President Donald Trump to travel to Washington, where mobs stormed the U.S. Capitol on Wednesday.

CFPB, OCC leaders condemn Capitol riot

In memos to their staffs, acting Comptroller of the Currency Brian Brooks and Consumer Financial Protection Bureau Director Kathy Kraninger denounced the violence perpetrated by President Trump's supporters and said both agencies remain in operation.

Biden picks California official Isabel Guzman to head SBA

President-elect Joe Biden picked California official Isabel Casillas Guzman to lead the Small Business Administration, according to people familiar with the decision.

Fed returns money to Treasury for terminated emergency programs

The Federal Reserve has returned about $42 billion to the U.S. Treasury, and will soon transfer another $20 billion in excess funds connected to emergency lending facilities that stopped offering new loans last month, it said Thursday.

Mick Mulvaney for Hypocrite Laureate?

Remember Mick Mulvaney? He was a Tea Party Congressman who became head of OMB for Trump and was then named acting CFPB Director and ultimately acting Chief of Staff for Trump before being appointed special envoy to Northern Ireland. Well he’s

Cathy Bessant is itching to bring BofA's tech workers back to office

Bank of America's chief operations and technology officer says even digital experts benefit from in-person collaboration. She wants her 95,000-person staff to return once it's safe.

Maine credit unions wrap up 18-month merger process

Discussions to combine Penobscot County Federal Credit Union and The County FCU began in June 2019 but the deal was not completed until the end of 2020.

BBVA USA shuts down neobank Simple

The decision to shutter the digital bank comes just weeks after BBVA USA announced it was selling itself to PNC Financial Services Group for $11.6 billion.

Amex said to face inquiry into business credit card sales tactics

American Express is reportedly under investigation by a top federal agency exploring allegations of unethical sales tactics by the company’s small-business credit card sales representatives.

Incoming Dem chair says banking panel will put 'workers' over Wall Street

Sen. Sherrod Brown of Ohio signaled a change in direction for the Banking Committee under Democratic control, on the same day he called for President Trump's ouster after the U.S. Capitol riot.

Episode 99 – Next Lawyer Up with Ron Sykstus featuring Coby Boswell

Coby Boswell is one of the founding partners of the NxStep Family Law firm located in Huntsville, Alabama. With a bachelors and masters degree in economics, Coby and his firm diversified awhile back and now run a criminal defense practice as well

What to Expect at a Disability Hearing in Pennsylvania or New Jersey

If you have an upcoming Social Security Disability hearing in Pennsylvania or New Jersey, it means that you have been denied both initially and on Reconsideration. Don’t be alarmed! Your greatest chance of success comes at this level. Statistically

Bob Gold & Associates Named A Top Reputation Management Company of 2021 by Digital.com

January 4, 2021 Digital.com, a leading independent review website for small business online tools, products, and services, has announced the best reputation management companies of 2021. The top firms were evaluated based on multiple service lines

Germany Implements New Insolvency Laws and Restructuring Tools

After its publication in the German Federal Gazette ( Bundesanzeiger) on 29 December 2020, the Law for the Further Development of the Restructuring and Insolvency Laws ( SanInsFoG) came into force in Germany on 1 January 2021. The major part of this

Cobalt promotes insider to take over for retiring CEO

The Papillion, Neb.-based credit union has appointed Chief Operations Officer Robin Larsen to succeed Gail DeBoer.

More incentives for smaller lenders in next PPP round

Community banks will have access to allocated funds and at least two days of exclusive portal access when the Small Business Administration relaunches the Paycheck Protection Program.

Quiz Question On Debt Limits For Bankruptcy Eligibility

By: Donald L Swanson QUIZ – Multiple Choice Question Question: Where is this bankruptcy eligibility language found: “aggregate noncontingent liquidated secured and unsecured debts as of the date of the filing of the petition or the date of the order

Goldman leads bank stock rally; higher bond yields raise bank prospects

The bank’s stock price hit its first record close in three years on the prospect of higher interest rates; the yield on the 10-year Treasury note rose above 1% for the first time since March.

Tax hikes, tough regulators: What Democratic sweep may hold for banks

Now that Democrats have won control of the Senate following the Georgia runoffs, experts say tax increases, progressive regulators and stricter congressional oversight await. Still, there could be some positives for banks, too.