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

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Tiny postal credit union to merge into Gain FCU

Canoga Postal's merger plans mark the second consolidation in a month for institutions serving USPS employees.

Banks intensifying loan review schedule find it pays off

Some lenders are poring over commercial portfolios more frequently than normal — perhaps as often as once a month — to uncover problems hidden by payment deferrals and government stimulus before it's too late.

Bob Gold & Associates Ranks #1 in Clutch Leaders Matrix for Top LA Crisis Communications Firms

December 4, 2020 Bob Gold & Associates has been ranked #1 by Clutch in their Top Los Angeles Crisis Communications Firms Leaders Matrix for our services in crisis and bankruptcy communications. Whether tasked with restructuring, downsizings or filing

SEC Proposes Amendments to Modernize Rule 701 and Form S-8 and Temporary Rules to Allow for “Platform Worker” Participation

On November 24, 2020, the SEC released proposed amendments and proposed temporary rules relating to the federal securities laws that govern the issuance of equity securities to service providers pursuant to compensatory arrangements. Each proposal

How a mudslide prepared this small bank to handle the pandemic

Montecito Bank in California began streamlining originations after a natural disaster decimated its community in 2018. The move paid off when the COVID-19 crisis hit and the bank had to quickly step up efforts to help clients.

Credit unions can't rely on the same old messaging this holiday season

Thanksgiving may have already passed, but there's still plenty of room for gratitude in member communications.

Citi looked to Ant Financial success as model in Google tie-up

Citigroup looked to the success of Asian super-apps like Ant Financial and Paytm while developing its new checking-account offering with Google.

Brooklyn federal financial-crime unit steps on Manhattan turf

Brooklyn-based federal prosecutors will staff a new task force to investigate and charge corporations and individuals who use the U.S. banking system to launder money, setting up a bigger role in white-collar cases that have historically been

Episode 96 – Next Lawyer Up with Ron Sykstus featuring Tara Twomey

It is not an overstatement to say that, if there is any issue of significant consequence to a debtor in a consumer bankruptcy case anywhere in the country, chances are very good that attorney Tara Twomey is involved in it. Tara is currently the

When To Start Drafting the Mediation Settlement Agreement?

By: Donald L Swanson The American Bar Association published an article titled, “ Draft the Settlement Agreement First,” by John Bickerman. [Fn. 1] The article begins with the following: “One of the most effective techniques I know and use as a

7 takeaways from NCUA's 3Q data

Credit quality has remained strong at credit unions, but there are hints that some of them — especially the smallest ones — could report lackluster earnings well into next year, according to the National Credit Union Administration's latest intel on

Student Loan Forbearance Extended!

Only another month. Student Loan Fire Looks like a punt to the next administration. It amounts to a squirt of water on the dumpster fire that is the student loan crisis. WASHINGTON – U.S. Secretary of Education Betsy DeVos announced today the

Protests — and mandates — push banks to add more minorities to boards

Efforts to diversify boardrooms have taken on new urgency this year as racial unrest called attention to income inequality and pressure mounted on banks and other publicly traded companies to do something about it.

Mr. Cooper to pay $91 million to settle CFPB servicing case

The complaint dates back to 2014 state regulator examinations when the Dallas company was known as Nationstar.

New CBA chair's wish list for the Biden administration

It includes simpler Paycheck Protection Program forgiveness and a consistent approach from federal regulators to reforming the Community Reinvestment Act, says Bank of America's Christine Channels, who chairs the Consumer Bankers Association's board.

Five Star Bank parent to buy insurance agency

Financial Institutions in New York has agreed to acquire Landmark Group, which provides services to the construction, manufacturing, real estate and technology sectors.

U.S. consumer credit growth slows as credit card balances shrink

U.S. consumer borrowing rose in October by less than forecast, reflecting a decline in credit card balances as the pandemic continued to limit some purchases.

NCUA names first-ever chief ethics counsel

Elizabeth Fischmann will take on the role later this month and will oversee the regulator's compliance with federal ethics laws, among other responsibilities.

The new challenger banks: 'A lot of these are going to fail'

Fintech success stories have encouraged investors to back more startups, but newcomers will be hard-pressed to attract enough customers to compete while keeping expenses down.

Truist bulks up its insurance business

The company's insurance arm, which recently bought a Texas-based insurance tech firm, is on pace to complete five deals this quarter.