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

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How to Survive Black Friday and Cyber Monday Sales with Patrick Slaughter

Are you getting ready to shop after Thanksgiving? Be careful not to extend yourself this holiday season! With the future of America’s economy still unknown, and no second COVID stimulus check on its way, now is not the time to rack up unnecessary

Biden plans to nominate Janet Yellen for Treasury secretary

Yellen, the former head of the Federal Reserve, would become the first woman to hold the nation’s top economic policy job just as the coronavirus pandemic threatens another downturn.

OCC clarifies swap policies, makes other technical updates

The agency said federal thrifts must abide by the same rules as national banks pertaining to membership in payment systems and codified policies on acceptable derivatives practices among a slew of technical changes.

Why Citi and Seattle Bank joined Google Pay

The megabank and community bank recently announced they're offering accounts through the payment app. Both gave similar reasons: They need big tech to help them attract new customers.

Hotel lending: Banks in ‘race against time’

Hospitality sector credits are coming out of forebearance just as coronavirus cases surge. Restructurings and charge-offs could mount unless vaccine distribution happens quickly enough to jump-start travel by mid-2021.

Credit union mergers accelerated in Q3: Report

New analysis from CEO Advisory Group shows the asset size of merged institutions rising along with the number of mergers.

GOP readies counterpunch if Biden removes CFPB chief

The president-elect has legal backing to fire Director Kathy Kraninger thanks to a recent court ruling, but Republicans are prepared to challenge his ability to choose her successor.

Week ahead: Changes at NCUA, recession fears worsen

It remains unclear how Mark McWatters's departure will impact the credit union regulator, and there is growing evidence that the country could face a "double-dip recession."

What President-elect Biden can do to fix outdated financial system

In an open letter, industry veteran Thomas Vartanian outlines the steps the administration can take to encourage innovation, better detect cyber threats and modernize regulation.

New Chapter 11 Filing – Northwest Hardwoods

On November 23, 2020, Northwest Hardwoods, Inc. of Tacoma, WA, a privately held lumber manufacturer with 20 production facilities in the western, glacial, and Appalachian regions of the United States, filed a voluntary petition for relief under

New Chapter 11 Filing – Northwest Hardwoods

On November 23, 2020, Northwest Hardwoods, Inc. of Tacoma, WA, a privately held lumber manufacturer with 20 production facilities in the western, glacial, and Appalachian regions of the United States, filed a voluntary petition for relief under

Access Denied: Representation

The hurdles faced by Black professionals who break into the financial services belie the notion that their small numbers at the industry’s top ranks are a pipeline problem.

How Utilizing More Personal Communication Can Turn Opponents into Referrals

By Harry W. Greenfield Partner, Bernstein-Burkley, P.C. I’ve been telling associates and up-and-coming attorneys for years: The best way to resolve matters is to talk to the other side, not write them, not email, not text—talk. Recently, Forbes

5 takeaways from NCUA's diversity assessment

The annual survey from the National Credit Union Administration shows credit unions making gains in some of their inclusion efforts, but the industry still has much it can do to improve.

Guarantee of Leases in New York State and their application when Tenants want to terminate or exit a Lease

At Shenwick & Associates, we are receiving many calls and emails these days from clients regarding leases which they would like to terminate and the principals' exposure for guarantees and good guy guarantees associated with those leases. Most

Chapter 13 Trustee Thomas Gorman

Chapter 13 Trustee Thomas Gorman Thomas Gorman is a lawyer. He’s the Chapter 13 Trustee for the Alexandria VA Division of the US Bankruptcy Court. That’s a full time job. He was appointed in 2009. He runs your Chapter 13 bankruptcy hearing, called

Regulators grant relief to banks pushed past key asset limits by PPP

Participation in the Paycheck Protection Program and other emergency lending during the pandemic has swelled many small banks’ balance sheets. Federal regulators are giving them a temporary pass on supervisory requirements tied to their size.

Fed to return lending-backstop funds to Treasury as requested

The move comes a day after the Federal Reserve had balked at the Treasury Department's demand that it return funds meant for pandemic relief that have so far gone unused.

Mark McWatters resigns from NCUA board

The former chairman butted heads with colleagues over the agency’s budget this week, and the Senate is expected to vote to confirm a successor early next month.

Why Should I Hire a Bankruptcy Lawyer?

If you are considering filing for bankruptcy, you should hire an experienced bankruptcy lawyer to help you manage the process. Bankruptcy laws are incredibly complex. A lawyer will make declaring bankruptcy easier, faster, and more successful