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

How technology can help contain COVID-19 in the workplace

Credit unions that hope to fully reopen their facilities need to have a plan in place to ensure employees are being careful and not spreading the coronavirus.

F.N.B. in Pennsylvania to close 21 branches

The Pittsburgh company also sold a portfolio of indirect auto loans and repaid a large amount of Federal Home Loan Bank borrowings.

A challenger bank entices immigrants with high yields and 5% cash back

To get the word out to the Indian and Asian immigrants it's targeting, OnJuno is using social media influencers that include a well-known Japanese-American chess player and running ads during streamed cricket matches.

CFPB finalizes overhaul of mortgage underwriting rules

The consumer bureau's revamp of criteria for "qualified mortgages," a special regulatory class of loans free from liability, emphasizes pricing instead of a borrower's debt-to-income ratio.

Rebounding oil prices give new hope to energy lenders

The emergence of vaccines has boosted travel forecasts — and crude prices. The expected bump at the pump could help oil and gas companies get back on track with loan payments.

Maine Savings launches two-year succession plan

The process will see the state's largest credit union split its president and CEO roles until longtime chief executive John Reed retires in January 2023.

Yellen’s crackdown on leveraged loan excess will have to wait

Time and again, Janet Yellen has warned Wall Street is piling a dangerous amount of debt onto the balance sheets of risky U.S. businesses. But as she prepares to take over as Treasury secretary, she may find it difficult to do anything quickly to

Bank of America upgrades improve international payment transparency

Bank of America has launched a cross-border payment tracker through its Swift GPI module that allows clients real-time visibility into their international payments.

Until the Buffalo Squeals

Hold on to the Nickel until the Buffalo Squeals They stopped making the Buffalo nickel in 1938, long before I was born. But I saw plenty of them when I was young. I also heard plenty about them from older folks who had lived through the Depression.

Bankruptcy Alternatives Cost More, Deliver Less

Bankruptcy alternatives often suck. The on-line story of one customer of a debt settlement company particularly sticks with me. Using the “services” of this company, the poster now has six judgments of record and two garnishments in process. The debt

When Does The SBRA’s “Due Diligence” Preference Duty Apply?

By: Donald L Swanson (b) . . . the trustee may , based on reasonable due diligence in the circumstances of the case and taking into account a party’s known or reasonably knowable affirmative defenses under subsection (c), avoid any transfer of an

Further Uncertainty for UK Commercial Landlords as Extension to Prohibition on Forfeiture is Announced

The UK Government has announced that the temporary prohibition on forfeiture will be extended when the current prohibition comes to an end at the end of the year. The restriction, that prevents commercial landlords from forfeiting a lease for non

Temporary Ban on Statutory Demands and Winding-Up Petitions Extended (UK)

The temporary restrictions that prohibit winding up proceedings where non-payment is COVID-19 related, and restrict petitions based on unsatisfied statutory demands, that would have come to an end on 31 December 2020 have been extended until 31 March

Bills I Gotta Pay, But There’s A Pandemic Out There

Feeling lazy today, so plagiarized below with permission of my friend Cathy Moran. BY CATHY MORAN Share Tweet 0Share 1Pin 0Share I have bills I have to pay but no income. That despairing line was repeated over and over again in interviews with

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 Japan, UK

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 Czech Republic, Germany and Saudi Arabia.

Boosting member satisfaction score could be costly for credit unions

To improve a declining rating in the annual American Consumer Satisfaction Index, credit unions may have to make hefty investments in technology upgrades, something most of them can't afford.

Cecil Bank taps Baltimore-area banking veteran as next CEO

Bill Knott succeeded Terrie Spiro as leader of the Maryland bank, which raised capital in 2017 by going through a complicated bankruptcy process.

Citigroup offers first hint of price tag for risk overhaul

The company’s noninterest expenses are expected to rise more than $500 million next year, largely because of a revamp of risk management and internal controls mandated by regulators.

First Kansas Bank to buy Lorraine State Bank

First Kansas, part of the multibank holding company Ottawa Bancshares, expects to complete the acquisition early next year.