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

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Additional PPP funding included in $908 billion stimulus proposal

The latest bipartisan plan to accelerate the economic recovery would appropriate roughly $300 billion for the Paycheck Protection Program, but the legislative package still faces long odds in the divided Congress.

Commercial and Contract Law: Questions, Ideas, Jargon

In the Spring I am teaching a research and writing seminar called Advanced Commercial Law and Contracts. Credit Slips readers have been important resources for project ideas in the past, and I'd appreciate hearing what you have seen out in the world

What Happens To My Car In Michigan Bankruptcy?

Folks always want to know, can I keep my car if I file bankruptcy? As always, it depends. It depends on what chapter of bankruptcy you file, Chapter 13 payment plan bankruptcy, or Chapter 7. It depends on how much the car, or other vehicle,... The

A Study of Anger and Its Effects — Implications for Mediation?

By: Donald L Swanson Have you ever been in a mediation—or other negotiation context—where one party blows-up in a fit of anger? And wondered about the effect of that moment on the negotiation effort? A 2019 study on “Losing your temper” shows that

PenFed CEO: 'Our platform is suitable for all of America'

CEO James Schenck says the institution's military focus means it must provide services for a group of consumers who move every few years. That has helped it focus more on mobile services and less on brick and mortar.

November 2020 Ponzi Scheme Roundup

Posted by Kathy Bazoian Phelps Below is a summary of the activity reported for November 2020. The reported stories reflect at least 9 new Ponzi schemes worldwide, 1 guilty plea, over 34 years of prison sentences, and an average age of approximately

Frequent Mistakes that Could Put Your Social Security at Risk

Frequent Mistakes that Could Put Your Social Security at Risk Your social security is an important asset that you can help support you after you retire – or after you have finished working due to disability. But social security rarely pays enough for

Frequent Mistakes that Could Put Your Social Security at Risk

Frequent Mistakes that Could Put Your Social Security at Risk Your social security is an important asset that you can help support you after you retire – or after you have finished working due to disability. But social security rarely pays enough for

Protests, CRA revamp, fintechs' payday: The year in banking (Part 2)

Here are 10 more storylines that defined banking in 2020.

SVB Financial to buy Seattle investment firm

The California company agreed to acquire WestRiver Group in a move that will expand its debt fund business.

New York mutual seeks commercial bank charter

Though it is unclear why Rhinebeck Bancorp is looking to form Rhinebeck Commercial Bank, other mutual banks have pursued the strategy to work around a state law barring them from working with municipalities.

CFPB gives go-ahead to firms seeking advisory opinions

The agency finalized a policy allowing companies to submit formal requests for clarification on a regulatory issue. The bureau said it will publish the advisory rulings in the Federal Register.

What PNC has in mind for BBVA's technology

BBVA USA was one of the first U.S. banks to deploy a real-time core system and to purchase a neobank. Here's what PNC may keep, and what it may jettison, after it acquires the U.S. unit of the Spanish banking giant.

NCUA bans two for embezzlement, larceny

The regulator issued prohibitions for former credit union employees in Virginia and Connecticut.

Banks, borrowers bristle at SBA questionnaire on large PPP loans

Lenders are worried that the Small Business Administration could use borrower responses to deny forgiveness for many Paycheck Protection Program loans that exceed $2 million.

Regulators warn banks against using Libor in new contracts

The OCC, Federal Reserve and FDIC said that a failure to adequately prepare for the transition away from Libor could undermine banks' safety and soundness, but also extended the sunset date for many iterations of the interest rate benchmark to July

The Two Prime Considerations for Bankruptcy PR

By Bob Gold, Principal, Bob Gold & Associates Due to the COVID-19 pandemic, many organizations continue to suffer across all industries and have turned to the US Federal government Coronavirus Aid, Relief and Economic Security Act (CARES Act) for

Episode 95 – Next Lawyer Up with Ron Sykstus featuring G. Rick Hall

Attorney Rick Hall is a product of the Muscle Shoals/Florence Alabama area. Rick excelled in school, first at Muscle Shoals High School before attending and graduating Magna Cum Laude from the University of North Alabama. From there, Rick attended

Are nonbanks likelier to lend to Black, Latino homebuyers?

A new report from California shows that less-regulated mortgage lenders may be doing a better than banks of serving Black and Latino homebuyers. But consumer advocates say the data bolsters the case for tougher supervision of nonbanks.

New Chapter 11 Filing – Hurdl Inc.

On November 30, 2020, Hurdl Inc., a marketing company focusing on live event data capture and personalized short message service marketing, filed a voluntary petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the