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

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Amazon-Berkshire-JPMorgan health venture to shut next month

The planned shutdown of Haven at the end of next month marks the close of an ambitious effort that brought together titans of technology and finance but struggled to demonstrate meaningful results.

UpCity Ranks Bob Gold & Associates a Top Public Relations Agency for 2021

January 4, 2021 UpCity helps businesses find service providers they can trust. Their marketplace creates and empowers relationships between businesses and public relations agencies supporting professionals in marketing, human resources, and more

Consumer Bankruptcy Reform Act of 2020: An Economic Manifesto

Senator Elizabeth Warren has introduced a law to radically change the consumer bankruptcy practice entitled the Consumer Bankruptcy Reform Act of 2020. This revolutionary document would make dramatic changes to bankruptcy practice. Chapter 7 and 13

D.C. banker poised to lead nation's biggest Black-run bank after merger

Brian Argrett, whose City First Bank is being sold to Los Angeles-based Broadway Financial, would take the helm of the combined company at a time of increased national interest in reinvigorating minority-owned financial institutions.

Wells Fargo to expand investment bank as Scharf sets strategy

Inside Wells Fargo, managers say they intend to build a more commensurate presence on Wall Street, where the firm ranks a mere ninth in capital markets and deal advisory, by focusing on business lines and industries where it already has credibility.

Week ahead: Credit union groups outline 2021 priorities

With the new Congress sworn in, trade associations are already pushing their legislative wish lists, including more regulatory oversight of fintechs and protecting the industry's tax exemption.

Your Help Needed With Consumer Attorney Fee Survey

Can I assume you’d like some authority to back up your next application for fees? The US Consumer Law Attorney Fee Survey Report , published for 20 years by Ron Burdge provides just that authority. It’s free and far ranging. So, do your part by

‘COVID, COVID, COVID’: Pandemic set to dominate ’21 banking agenda on Hill

The Georgia runoffs and resulting balance of power in Congress will help determine which bills on bankers’ wish list gain traction. But regardless, existing coronavirus relief such as the Paycheck Protection Program and a push for more economic aid

Fintechs shouldn’t be granted easy outs on CRA

The next administration must halt the practice of allowing new entrants into the banking system to forgo a full Community Reinvestment Act exam.

The investment bank vs. retail bank divergence; bitcoin bull charges on

CEOs of investment banks had huge stock gains in 2020 while heads of retail banks suffered paper losses; the digital currency has climbed another 10% so far in 2021, topping $34,000.

How the new year could shake up the credit union industry

The National Credit Union Administration may get a new leader, several institutions could seek to expand their fields of membership, and a pot banking fight may reemerge.

PPP forgiveness, adapting to COVID, Wells and BofA scrutiny: Top stories of 2020

In a year rife with uncertainty about, well, pretty much everything, it's not surprising that a list of American Banker's most-read stories in 2020 would be dominated by accounts of lenders and regulators trying to navigate the Paycheck Protection

Midland Funding, Encore Capital Group, Asset Acceptance Sued for Violating Consent Order

CFPB Sues Encore Capital Group, Midland Funding, Midland Credit Management, and Asset Acceptance Capital Corp for Collecting Debts Beyond Statute of Limitations without disclosing debts were uncollectable, and other illegal acts On September 8, 2020

What Makes a Great Bankruptcy Attorney?

Find The Right Bankruptcy Lawyer For You Reprint from a great California bankruptcy attorney – Cathy Moran Picking the right bankruptcy lawyer is a lot like picking the right head coach for a sports team. It doesn’t assure success, but without the

Warning – Debt Collectors ‘Friending’ You on Facebook Make Public Demand for Payment

Debt Collectors Can Demand Payment on Facebook Once You ‘Friend’ or ‘Follow’ Them According to an article in PaymentsJournal and the Register debt collectors now have the authority to make their payment demands public on Facebook, Twitter and other

Senate override of Trump veto clears way for shell-company reform

Congress's enactment of the defense spending bill opposed by the White House removes the final hurdle for a key anti-money-laundering provision.

Nationstar Mortgage Sued for Causing Substantial Harm to Mortgage Borrowers

CFPB and State Attorneys General Settle with Nationstar, aka Mr. Cooper, accused of unfair and deceptive practices On December 7, 2020, the Consumer Financial Protection Bureau (Bureau) filed a complaint and proposed stipulated judgment and order

Discover Bank and The Student Loan Corporation to Refund Millions to Consumers

CFPB Settles with Discover Bank, the Student Loan Corporation and Discover Products for violating a consent order and other unlawful practices December 22, 2020 Consumer Financial Protection Bureau issued a consent order that Discover must pay at

Paycheck Protection Program – New Funds Available

The Paycheck Protection Program (the second round): On December 27, 2020 a new bill was signed into law, now referred to as the Consolidated Appropriation Act of 2021, or ‘CAA’, This bill is 5,593 pages long (knowing how the legislative process works

Can Rental Debt Be Discharged Through Bankruptcy?

In today’s economy, renting an apartment or home is quite common. Nearly 40% of people in the United States are renters, and many of them are facing financial hardship. If you have lost your job or are experiencing other financial difficulties you