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

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Bad Automatic Stay Form & Violating the Spirit Of A Mediation Order (In re Nilhan)

By: Donald L Swanson The opinion is dated November 9, 2020, and appears in the jointly administered cases of In re Nilhan Developers, LLC, Case No. 15-58443 (Northern Georgia Bankruptcy Court) (Doc. 206), and In re Bay Circle Properties, LLC, Case No

Creditor Harassment And Covid Relief

Some good news for most of us in the deal Congress finally reached – having waited for the election. Cash – Evictions – Unemployment- Foreclosures $600 cash for most of us. Can’t hurt, right? Except the federal government has to borrow yet more money

End of refi boom could put squeeze on credit unions in 2021

Demand for home purchases and car loans would need to increase substantially to make up for what's expected to be a sharp drop in refinancing revenue.

Where fintech investment dollars will go in 2021

Venture capitalists will shift their focus to fintechs that support financial inclusion, according to Emmalyn Shaw, managing partner of the VC firm Flourish. Meanwhile, challenger banks will continue to grow, she says.

Wells Fargo set to be freed from AML consent order

The bank's release from a five-year-old enforcement action would mark progress in CEO Charlie Scharf's efforts to resolve its sprawling regulatory problems. But 10 more consent orders, including an asset cap imposed by the Federal Reserve in 2018

Former CO-OP executive joins Hauptman’s team at NCUA

Sarah Canepa Bang will serve as a senior advisor to the agency's vice chairman. Separately, a 27-year veteran of the regulator announced plans to retire.

Banks can repurchase shares again. Will they?

Under the Federal Reserve’s loosened restrictions, big banks can buy back a limited amount of their stock starting next quarter, but only JPMorgan Chase has announced detailed plans to do so.

New Chapter 11 Filing – PBS Brand Co., LLC

On December 21, 2020, Denver, Colorado-based PBS Brand Co., LLC, which owns and operates “Punch Bowl Social” restaurants and bars across the U.S., filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the

New Chapter 11 Filing – PBS Brand Co., LLC

On December 21, 2020, Denver, Colorado-based PBS Brand Co., LLC, which owns and operates “Punch Bowl Social” restaurants and bars across the U.S., filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the

Citi’s record promotions for women still just 29% of total

Citigroup promoted 70 women in its latest class of managing directors, the most ever but still less than a third of the total.

3 lessons for credit unions to carry into 2021

The pandemic and social unrest made 2020 one of the most challenging years in recent memory, but there is much the industry can learn from the past 12 months.

Santa visits, celebrity chefs: Banks build loyalty with virtual events

The pandemic has forced Bank of America, Chase, PCSB and other banks to find new ways to maintain connections with their customers and communities.

Toomey’s compromise on Fed authority cleared way for stimulus deal

The Pennsylvania senator, who will chair the Banking Committee if Republicans hold their majority, agreed to modify an amendment restricting the Federal Reserve’s emergency powers that Democrats had criticized as too extreme.

What bankers (mostly) like about rebooted PPP

At least two items on the industry's Paycheck Protection Program wish list were delivered: provisions allowing many existing borrowers to obtain new funding and streamlined forgiveness for loans of $150,000 or less.

Week ahead: Credit unions set for year-end legislative victory

A long-awaited COVID-relief package in Congress is expected to extend liquidity measures for the industry and provide assistance to consumers that could help lenders avoid rising delinquencies.

Episode 98 – Next Lawyer Up with Ron Sykstus featuring Jay Jump

As I learned on this podcast, attorney Jay Jump has migrated from New Jersey to Arizona and now, finally, to the state of Washington. A graduate of the University of Arizona and Gonzaga University School of Law, Jay has been a long time consumer

Dirty money: Sex and the payments industry

When Mastercard and Visa cut ties with Pornhub in December, it was abrupt but unsurprising. The banking and payments industries have had a long and conflicted history with adult content.

What community banks don't know about digital is hurting them

There’s an alarming gap between how small and large banks view the importance of digital engagement, according to a recent survey by Celent and Arizent.

Have UK Insolvency Practitioners Lost the Protection of Release Clauses?

In the third (and final) of our blog series on recent CVA cases, in Rhino Enterprises Properties Ltd & Anor [2020] EWHC 2370 (Ch), the High Court gave permission for misfeasance proceedings to be brought against two former joint administrators. This

8 takeaways from NCUA's 3Q state-level data

A new report from the National Credit Union Administration showed institutions in many states are struggling with a deluge of deposits while their lending opportunities are drying up.