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

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CUTX ramps up testing for COVID, antibodies

The Allen, Texas-based institution is crediting a robust on-site medical program with helping keep staff and members safe.

New Pandemic Law Fails to Extend Subchapter V Eligibility Limit

By: Donald L Swanson So . . . the second, bi-partisan pandemic bill has made its way through both houses of Congress. It has been approved by politicians in both parties. It is signed by the President and is now law. Here is a link to the text of the

Michigan Bankruptcy Chapters

Hey, back to basics. All bankruptcy law is federal; all cases are filed in federal bankruptcy courts. But there are some state differences, as property law is state law. Just like divorce law is state law. Chapter 7 Bankruptcy Also called straight

Our most read credit union stories from 2020

Fallout from the coronavirus pandemic consumed the industry this year, but other events, including a scandal at the National Credit Union Administration and a credit union under fire for lack of board diversity, also made waves.

JPMorgan Chase to buy credit card loyalty platform cxLoyalty

JPMorgan Chase is buying Stamford, Conn.-based cxLoyalty, a major credit card loyalty platform, in a bid to enrich its own card loyalty programs when travel resumes following the global pandemic.

Bankers doing good: Uplifting stories from a downbeat year

For better or worse, financial firms are often cast as villains, but in this year marked by pandemic, economic hardship and protests over racial injustice, they have often been a force for good. Here are 11 stories (and one gallery) of how banks

First Reliance in S.C. cites growth push in announcing executive moves

The company promoted two executives as part of an effort to revamp its leadership team and establish a bigger presence in the Carolinas.

Chapter 13 Discharge Expanded by COVID Relief Legislation

Chapter 13 debtors got a huge “gift” among the COVID relief provisions of the Consolidated Appropriations Act of 2021, signed December 27, 2020 by the president. Debtors may get a full -compliance discharge of dischargeable debts if they have a

Cross River chief prepares for PPP encore

Gilles Gade, one our community bankers to watch in 2021, led an effort that made Cross River Bank one of the biggest Paycheck Protection Program participants. He is ready for his team to pick up where it left off when the new stimulus package kicks

Credit unions get their wish with extension of CLF changes

Provisions implemented under the CARES Act that made it easier for institutions to utilize NCUA's Central Liquidity Facility have been extended for a year with the signing of Consolidated Appropriations Act.

Small bank, startup join forces on compliance tech

Coastal Community in Washington is an investor in and the first client of Synctera, a software company that aims to help community banks manage their fintech relationships, including regulatory obligations.

Sudden change at the top of New York Community

Longtime chairman and CEO Joseph Ficalora will step aside Thursday as head of the regional bank and be succeeded by CFO Thomas Cangemi.

Goldman’s Sheila Patel, chairman of $1.8 trillion manager, to retire

Patel is among Goldman Sachs's most senior women and shepherded some of its highest-profile relationships with investors around the world.

Fed won praise for 2020 crisis response, but will its hands be tied in '21?

The Federal Reserve is credited with containing damage to the financial system from the coronavirus pandemic, but experts say the limits of the central bank’s power to prop up the economy will likely become more apparent in the new year.

OCC again overreaches on preemption law

Brian Brooks, the acting comptroller of the currency, used a selective (and dubious) interpretation of the Dodd-Frank Act to argue for more say on when banks can preempt state law.

Partner Keri P. Ebeck Becomes Certified in Consumer Bankruptcy by the American Board of Certification

(PITTSBURGH) December 28, 2020 – This month, Bernstein-Burkley partner Keri P. Ebeck became certified in Consumer Bankruptcy by the American Board of Certification. Bernstein-Burkley now has board-certified attorneys in every … The post Partner Keri

Tenth Circuit BAP Decision Authorizes Claim for Postpetition Interest Under 506(b): Read the Fine Print!

In a recent decision, Twiford Enters. v. Rolling Hills Bank & Trust (In re Twiford Enters.), 2020 Bankr. LEXIS 2964, 2020 WL 6075691 (10th Cir. BAP 2020), the Tenth Circuit Bankruptcy Appellate Panel affirmed the lower court’s decision awarding

Access Denied: The financial media

Just like the industries that they cover, the lack of Black representation among news outlets acts as a barrier against understanding and eliminating systemic racism.

Coronavirus may have permanently changed face-to-face member service

Many consumers started using digital payments out of necessity once the pandemic struck. They may continue as it recedes because they like the convenience.

No holiday off as banks, payment networks clean up after SolarWinds hack

With Microsoft, Equifax and others acknowledging that the SolarWinds hack of U.S. government entities had affected their holdings, security teams and vendors have put the holiday aside while continuing around-the-clock surveillance to ensure no