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

Country, banking long overdue for cyberdefense upgrade

The latest cyberattacks pointing to the Russian government show that U.S. federal agencies and banks still lack a clear, collaborative game plan.

October District Court case warning to Debtors and Counsel re changing homestead during chapter 13

The Southern District of Florida case affirmed Judge Cristal in Miami finding that the debtor could not claim a homestead exemption in property bequeathed to them during the chapter 13 case, when they subsequently converted to chapter 7. Rodriguez v

After a rocky year, Children’s Miracle Network looks to rebound in 2021

The charity was hit hard by the pandemic and the death of its CEO early in the year, but the nonprofit hopes to bounce back in 2021, thanks in part to a long history of working closely with credit unions.

Strip club scandal, charges of partisanship add to NCUA's rough year

The National Credit Union Administration juggled several challenges this year beyond the pandemic recession, including an inspector general's report about alleged misconduct by two former employees and criticism that board members had lost their old

Diversification, M&A may lie ahead for New York Community under new chief

The switch to Thomas Cangemi from longtime CEO Joseph Ficalora could foreshadow a push to curtail the company’s reliance on multifamily lending and the pursuit of a bank acquisition that lowers funding costs.

How crypto and blockchain made inroads into financial services in 2020

Government officials and many bankers remain wary of digital currencies, but they'll have to learn to live with them. Here are 15 stories about how cryptocurrencies and the technology underlying them are becoming more embedded in the financial

OceanFirst chief eyes possible merger of equals next year

Chris Maher recently unloaded loans hurt by the coronavirus shock, convinced he was freeing the New Jersey company of baggage that could impede a large M&A deal. This assertive move makes him one of our community bankers to watch in 2021.

House Dems demand fee waivers for new stimulus cards

Eleven Democrats on the Financial Services Committee have asked the heads of the Treasury Department and IRS to eliminate service charges tied to debit cards used to distribute COVID-19 relief.

Alabama Foreclosures are Rising

Foreclosures around the country jumped during October, with Alabama foreclosures near the top of the nation. In the third quarter of 2020 (July through September), The Federal Reserve Bank of New York reported that there were about 16,000 new

How will SEC complaint affect banks’ relationships with Ripple?

The Securities and Exchange Commission last week accused Ripple of breaking securities laws, raising questions about the future of banks' ties with the company.

New Jersey, Pa. credit union foundations to merge

Last year, the Pennsylvania Credit Union Association and the New Jersey Credit Union League merged to form the CrossState Credit Union Association, and now the foundations of the two groups are combining.

Delinquent Utilities and Disconnection Under New Bankruptcy Provision

Bankruptcy debtors with delinquent utility bills got a measure of protection from interruption in their service under an amendment to the Bankruptcy Code in the omnibus spending bill enacted December 27,2020. Individual debtors cannot have their

Stimulus law may put disputes over PPP agent fees to rest for banks

The new legislation includes a provision sparing lenders from having to pay such fees on Paycheck Protection Program loans, except in cases where they agree in advance with borrower representatives to do so.

United Consumers Credit Union names insider as president

Jay Neathery has taken over for Chris McCreary, who stepped down as president of the institution but is staying on as executive vice president.

Fed extends Main Street program to process more loans

Treasury Secretary Steven Mnuchin approved the extension of the Main Street Lending Program, which offers loans to midsize companies affected by the pandemic, to Jan. 8.

How far left will CFPB swing in 2021?

The Consumer Financial Protection Bureau is headed for more disruption in the new year with a Democratic administration likely to reverse several GOP-backed policies. More aggressive relief for mortgage borrowers, a rollback of Trump-era rulemakings

New Chapter 11 Filing – VTES, Inc.

On December 27, 2020, VTES, Inc., maker of advanced transportation-systems software, filed a petition for relief under subchapter V of chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the Southern District of New York (Case No. 20-12941)

New Chapter 11 Filing – VTES, Inc.

On December 27, 2020, VTES, Inc., maker of advanced transportation-systems software, filed a petition for relief under subchapter V of chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the Southern District of New York (Case No. 20-12941)

New Chapter 11 Filing – 203 W 107th Street LLC

On December 28, 2020, 203 W 107th Street LLC filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the Southern District of New York (Case No. 20-12960). The company reports $1 to $10 million in assets and

New Chapter 11 Filing – 203 W 107th Street LLC

On December 28, 2020, 203 W 107th Street LLC filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the Southern District of New York (Case No. 20-12960). The company reports $1 to $10 million in assets and