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

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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 ABC certification area

Diane and Jay saved us.

“Diane and Jay saved us. We were in deed financial trouble due to my mother’s care.” P.E . Diane and Jay saved us. We were in deep financial trouble due to my mother’s care. Both Diane and Jay were always available to answer any questions and helped

Southern California Bancorp adding branches after raising $42 million

The company is also looking to hire more senior lenders as it expands in markets around Los Angeles and San Diego.

FDIC signs off on Southern California de novo

Organizers of the proposed Legacy Bank must raise $25 million before opening.

N.Y. law requires nonbanks to disclose loan terms to small businesses

The measure, just the second of its kind the nation, mandates that fintechs, factoring firms and other nonbank small-business lenders clearly explain the terms and conditions to borrowers.

Small Baltimore credit unions to join forces

Members of $6.3 million-asset FIAFE Federal Credit Union will vote early next year on whether to merge into $43 million-asset Central Credit Union of Maryland.

Subchapter V: Can A Plan Term Be Less Than 3 Years?

By: Donald L Swanson “ The term of a Subchapter V plan can be less than three years, based upon the language of the statute!” –A Bankruptcy Judge’s comment at a bankruptcy conference in December 2019 (as I recall it). Upon hearing that comment, I

Credit unions’ COVID triage: ‘Who needs what from us right now?’

Amy Nigrelli, who recently joined Nusenda Credit Union after nearly a decade at CUNA, offers insights on how the pandemic has changed marketing for the industry and what institutions can learn from the trade group.

UPDATED Global Insolvency Report: Impact of Covid-19 on Insolvency Laws

Our guide sets out how different jurisdictions are changing their Insolvency Laws to help alleviate additional pressures placed on businesses as a consequence of cash flow pressures caused by COVID-19. This week’s updates include changes in Germany

Updated: Guide To Financial Support Measures Across Europe And The Middle East

Our latest updated guide setting out the financial support measures available to businesses across Europe and the Middle East is now available here. This updated guide includes includes changes from Germany, UK, Italy and the EU.

OCC’s preemption letter opens new front in battle with states

In the waning days of the Trump administration, the agency issued a new legal theory of its power to let national banks evade state consumer protection laws. But some state attorneys general and consumer groups charge the federal regulator is

"Madden-Fix" Amicus

I filed an amicus brief today in Becerra v. Brooks, the challenge brought by the California, Illinois, and New York attorneys general against the OCC's " Madden-fix" rule. Consider it a stocking stuffer for the Acting Comptroller, Brian Brooks, and a

New lawsuit from states over OCC power targets Figure application

The Conference of State Bank Supervisors filed a complaint arguing that the unique bid by the San Francisco fintech is "merely a thinly veiled effort" to evade legal challenges to the federal regulator's chartering of nonbanks.

Stimulus bill would give banks more flexibility on problem loans

The legislation would let banks postpone the start date of the Current Expected Credit Losses accounting standard and delay categorizing pandemic-related loan modifications as troubled debt restructurings.

Credit union regulator approves proposal to ease SAR exemptions

Under the terms of the rule, NCUA could exempt credit unions from some Bank Secrecy Act requirements on a case-by-case basis, provided there are no safety or soundness concerns.

Household Debt is Back on the Rise

In the second quarter (Q2) of this year, household debt in the United States declined for the first time in nearly six years. After 23 quarters of continuous growth, total consumer debt dropped by about $34 billion in Q2 2020. Much of the net

PNC sues Plaid for trademark infringement

The Pittsburgh bank says the data aggregator deceptively uses PNC's logo in obtaining bank customers' login credentials.

Glut of holiday shopping could benefit credit unions in 2021

With one study showing consumers racking up additional credit card debt this season, some members may be eager to consolidate their balances in the year ahead.

Waters, Brown urge Mnuchin to halt housing finance reforms

The top Democrats on the House and Senate banking committees urged the Trump administration to pull the plug on any steps to overhaul Fannie Mae and Freddie Mac with the pandemic still taking a toll on the economy.

Looking back at 2020's community bankers to watch

One engineered a big M&A deal, another struggled with his bank's credit issues and another abruptly resigned. Here are their stories and more.