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

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Week ahead: Budget proposal, diversity on tap for NCUA board meeting

Credit unions will have their first opportunity to hear from the federal regulator about its recently released budget proposal and also get an update on the agency's diversity self-assessment.

Why You Should Make Estate Planning Part of Your Business Discussion

By Suzanne Jett Trowbridge Of Counsel, Bernstein-Burkley, P.C. While estate planning is not typically part of a business discussion, in the midst of the coronavirus pandemic and the concerns we all have, it’s an important topic to review or to take a

PNC buying BBVA USA for $11.7 billion

The deal would rank among the biggest bank combinations since the financial crisis, creating a coast-to-coast franchise with about $563 billion of assets and branch presence in 29 of the nation’s 30 largest markets.

Credit unions buckle up for an unpredictable holiday season

The pandemic has altered a variety of consumer behaviors, and that could make a difference in what sort of interchange and interest revenue financial institutions see in their credit and debit portfolios as they close out 2020.

PNC reportedly in talks to buy BBVA's U.S. operations

The deal, if announced, would be among the biggest bank mergers since the 2008 financial crisis and would push PNC above $560 billion in assets.

Banks turn to influencers to build buzz about their brands

Financial institutions like Ally Financial, Clinton Savings Bank and First National Bank of Omaha are recruiting personal finance experts, college students and local personalities to promote their products and services.

World Economic Forum’s Climate Governance Initiative – Climate Governance on Corporate Boards

As market players begin to pay greater attention to the impacts of climate change on businesses, many international organizations are publishing an array of frameworks, principles and guidelines to help companies and boards who wish to incorporate

Pick your Libor stand-in, CFPB probes Regions, banks' risk of age-bias suits: Top stories of the week

Regulators tell banks they can choose any replacement rate for Libor; Consumer Financial Protection Bureau investigating Regions' overdraft practices; banks could be ripe targets for age-discrimination lawsuits; and more from this week's most-read

Proposed NCUA budget shrinks slightly for 2021

Savings to the credit union regulator's operating budget are largely the result of surplus funds from 2020 and expected reductions in travel into next year.

FHA's capital buoyed by house price appreciation despite higher defaults

The Federal Housing Administration said in its annual actuarial report that capital reserve ratio on its mutual mortgage insurance fund increased to 6.10% in fiscal year 2020, up from 4.84% a year earlier.

Freddie Mac CEO David Brickman resigns, interim leader appointed

Freddie Mac representatives would not comment on the sudden resignation of Brickman. Interim CEO Michael Hutchins has served as Freddie’s executive vice president of investments and capital markets since January 2015.

Truliant adds to Virginia footprint with merger

Members of $5.3 million-asset WJC Federal Credit Union will vote to merge into $3.2 billion-asset Truliant FCU, based in North Carolina.

FDIC's brokered deposits rule may hurt some middlemen

The forthcoming measure could override staff opinions that helped certain deposit-gathering companies partner with banks.

SEC charges ex-Wells Fargo execs with misleading investors

Former CEO John Stumpf agreed to pay a $2.5 million penalty to settle civil charges tied to the bank’s fake-accounts scandal. Former community bank head Carrie Tolstedt did not agree to a settlement and is now facing a lawsuit that alleges she

Life got worse for the have-nots this year. Banks can help change that.

Consumer savings are up, yet so are evictions. Banks need to reach out more to those who are struggling financially, and they could use data as a guide.

Former UNCLE Credit Union CEO dies at 76

Kathie Kasper spent 24 years at the Livermore, Calif.-based institution, having started as a teller in 1976 and ultimately rising to the level of chief executive.

How the 2020 Election Impacts Bankruptcy Practice

Rambling thoughts on the impact of the 2020 elections on the practice of bankruptcy law. Unless both Georgia senate runoff races are won by the Democratic Party candidates, it appears that the United States Senate will still be ruled by the

Gensler, Bharara are candidates to run SEC, putting Wall Street on edge

Joe Biden's presidential transition has barely started but already banks and investment firms are anxious about two names they fear are in the running to lead the Securities and Exchange Commission: Gary Gensler and Preet Bharara.

UK Government Publishes Detailed Guidance on Extended Furlough Scheme

Late on 10 November 2020, the UK Government published detailed guidance on the extension to the Coronavirus Job Retention Scheme (CJRS). As expected, the guidance largely reflects what was contained in the policy paper and is broadly the same as the

The Importance of Paying Attention to Notices Received in Bankruptcy Cases: Creditor Misses Proof of Claim Bar Date and Loses Claim for $2 Million

A recent decision from the United States Bankruptcy Court for the Central District of Illinois (“Court”) is a stark reminder of the importance of paying attention to notices received from bankruptcy cases and the need for creditors to consider