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

Inside Amex's data-driven effort to personalize customer service

American Express has spent years refining a decision-making engine that can tailor products and services to cardholders' needs in real time.

U.S. Bancorp buying large custody book from MUFG Union Bank

U.S. Bancorp says its agreement to buy a portfolio with $320 billion of assets under management will raise its profile on the West Coast. The MUFG unit plans to reinvest proceeds from the sale in other priorities.

Performance SLC Accused of Charging Student Loan Borrowers Illegal Fees

CFPB Charges Performance SLC and Performance Settlement, Daniel Crenshaw, with Using Deceptive Tactics November 5, 2020 – The Consumer Financial Protection Bureau (Bureau) filed a complaint against Performance SLC, LLC (PSLC), a California debt

Carter Bankshares in Virginia to close 24 branches

The company, which reported a large third-quarter loss in October, plans to sell or shutter a quarter of its locations.

Bank CEOs calls for violence to stop in D.C.

JPMorgan Chase's Jamie Dimon and Citi's Michael Corbat condemned the actions of Trump supporters who stormed the halls of Congress Wednesday.

Congressional FCU branches remain closed after mob storms U.S. Capitol

Police directed the institution to shut down four branches Wednesday as armed Trump supporters forced their way into the Capitol, and two facilities were on lockdown for several hours during the day.

Student Loan Discharged–Court Rejects DOE Demand that Debtor Work Two Jobs

The Nebraska bankruptcy court discharged student loan debts for a 50-year-old debtor raising a disabled grandson. See In re Mudd. The Court overruled the Department of Education’s argument that a debtor must work two jobs to meet her burden of

Low premium in Boston Private deal has big investor howling

HoldCo Asset Management wants more details about the banking company’s pending merger with SVB Financial. The shareholder's concerns center on payouts to the seller's management team and questions about the sale process.

Small credit unions in Muncie, Ind., plan merger

The combined institution will hold roughly $30 million in assets and serve about 4,000 members.

What Should You Do With Your Stimulus Money?

Well—Finally 2020 is hind sight!! And hind sight is 2020! (or so they say) But 2020 has another “visual” meaning—Someone with 20/20 vision has “perfect” eye sight—clear vision. Both of these phrases can be a positive force as we move ahead into the

OCC, not CFPB, should grant fintech charters, Brooks says

Acting Comptroller of the Currency Brian Brooks pushed back on a recommendation from a task force — appointed by Consumer Financial Protection Bureau — suggesting that Congress should give the CFPB the authority to charter and regulate fintechs.

Banks pick apart OCC ‘fair access’ plan, but customers praise it

The Office of the Comptroller of the Currency’s proposal to ensure banking services are available to polarizing businesses contradicts long-standing guidance on managing reputational risk, big banks argue. But gun makers, energy firms and others say

After sudden CEO transition, New York Community shakes up board

The multifamily lender named Michael Levine as board chairman, succeeding Dominick Ciampa, who held the role for 10 years. The move comes less than a week after longtime CEO Joseph Ficalora abruptly retired and was replaced by Thomas Cangemi.

The Effects of Covid-19 on Bankruptcy Filing and Mortgage Foreclosures

As Covid-19 forced lockdowns across the nation, unemployment skyrocketed, and many industries screeched to a halt as the Gross Domestic Product fell by more than 30 percent in the second quarter of 2020. Despite the bleak economic situation, some

Can a Husband File For Bankruptcy Without Their Wife in Pennsylvania?

The short answer to this question is yes. Any individual can file a bankruptcy case on their own, even if they are married. In a situation like this, the other spouse is usually referred to as the “non-filing spouse” in the case, and their

Should You File For Bankruptcy Before or After a Foreclosure in Pennsylvania?

The timing of when a bankruptcy case might be the best option can vary depending on your circumstances, as well as intentions with your home. For those looking to stop the foreclosure process altogether and get their mortgage payments back on track

Get your copy today!

The third edition of my Corporate Finance textbook is out and available for use in the Spring Semester. Among other new features, the new edition has a new case study (iHeart) and extensive coverage of CLOs, which are important players in finance

Next step in AML overhaul: Simplify SARs

Congress acted first when it freed financial firms from having to disclose the beneficial owners of commercial clients. Now it's time for regulators to further ease anti-money-laundering reporting requirements by freeing them from filing duplicative

From our initial consultation, we were impressed by Diane’s legal knowledge and compassionate nature

“ From our initial consultation, we were impressed by Diane’s legal knowledge and compassionate nature,” C.R. My elderly parents were experiencing financial difficulty due to dealings with an unscrupulous timeshare company. Their only option was to

Can You Be Arrested For Not Paying Your Debts?

Despite the story spread all over about federal marshals arresting a man for an unpaid student loan, we don’t arrest people for not paying their debts. And Fox News got the story wrong. The man was not arrested because he owed money he hadn’t paid