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

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Community First CEO to retire in 2021 after 35-year career in credit unions

Todd Sheffield has announced his intention to step down from the Santa Rosa, Calif.-based institution, which he has led since 2003.

Banks need to move past ‘gotcha’ overdraft fees, PNC chief Demchak says

More banks are discussing the status of overdraft practices, and the industry is bracing for the potential of new regulations under President-elect Joe Biden.

JPMorgan relaxes mortgage curbs with U.S. housing prices on rise

JPMorgan Chase is going on the “offensive” in mortgages as home prices rise across the country, said Marianne Lake, the bank’s chief executive for consumer lending.

United Nations FCU lines up new leadership

John Lewis, who is currently general counsel for the New York-based credit union, will take over for CEO William Predmore, who is retiring at the end of the year.

Gordian Group President Peter Kaufman – On Restructuring and Bondholders | New York Post

Ron Perelman’s Revlon plagued by $90M in mystery bondholders November 9, 2020 By Josh Kosman Revlon is supposed to be known for its vanishing creams, not its disappearing bondholders. Ron Perelman’s Revlon is in a major tussle with lenders over some

New Chapter 11 Filing – 381 Broadway Realty Corp.

On November 6, 2020, 381 Broadway Realty Corp., which owns a single asset of commercial real estate consisting of retail stores and offices located at 381 Broadway in New York, filed for relief under chapter 11 of the Bankruptcy Code in the

New Chapter 11 Filing – 381 Broadway Realty Corp.

On November 6, 2020, 381 Broadway Realty Corp., which owns a single asset of commercial real estate consisting of retail stores and offices located at 381 Broadway in New York, filed for relief under chapter 11 of the Bankruptcy Code in the

New Chapter 11 Filing – Cred Inc.

On November 7, 2020, Cred Inc., a California-based global financial services platform that provides business and retail credit and allows customers to earn a yield on more than 15 crypto and fiat currencies through its partner network, filed for

New Chapter 11 Filing – Cred Inc.

On November 7, 2020, Cred Inc., a California-based global financial services platform that provides business and retail credit and allows customers to earn a yield on more than 15 crypto and fiat currencies through its partner network, filed for

New Chapter 11 Filing – YouFit Health Clubs, LLC

On November 9, 2020, YouFit Health Clubs, LLC, a Florida-based chain of budget-friendly fitness centers, filed for relief under chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the District of Delaware (Case No. 20-12841). YouFit Health

New Chapter 11 Filing – YouFit Health Clubs, LLC

On November 9, 2020, YouFit Health Clubs, LLC, a Florida-based chain of budget-friendly fitness centers, filed for relief under chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the District of Delaware (Case No. 20-12841). YouFit Health

With Biden declared winner, what’s next for credit unions?

With a Democrat set to take the White House in January, the political balance at NCUA could shift amid changes for the CFPB and housing reform, and progressive banking ideas that were unthinkable over the past four years could gain traction.

With Biden declared winner, what’s next for banks?

With a Democrat set to take the White House in January, the agenda for agencies like the CFPB could undergo a rapid transformation, housing finance reform could be turned on its head and progressive banking ideas that were unthinkable over the past

Partisan gridlock appears intact. Why that's good for banks.

A final Senate breakdown still depends on the outcome in a few key races, but with Republicans closer to keeping power, Democrats' proposals to cap interest rates, create a postal banking system and establish a public credit reporting agency are

PPP effect on SBA lending, CFPB's debt collector rule, Biden's reg options: Top stories of the week

In a year with the Paycheck Protection Program, big banks tap brakes on SBA lending; what debt collectors can and can't do under CFPB rule; a look at who might craft regulatory policy in a Biden administration; and more from this week's most-read

Can AI eliminate bias in banks' hiring decisions?

Vendors such as eFinancialCareers, Paradox and pymetrics work with banks to assess job applicants based on their skills and not other factors. But the technology has its limits.

Consumers are anxious. Credit unions can be a calming force.

The industry has an opportunity to build deeper relationships with members right now by communicating in a proactive and empathetic way.

Regulators tell banks they can choose any replacement rate for Libor

The statement comes after multiple small and midsize institutions earlier this year warned the agencies that the secured overnight financing rate was ill-suited to them.

CFPB investigating Regions’ overdraft practices

The bank disclosed in a regulatory filing that it is in the process of responding to a civil subpoena from the Consumer Financial Protection Bureau. It is the latest bank to come under regulatory scrutiny for the fees charged to consumers who

Mike Cagney’s fintech startup pursues bank charter

Figure Technolgies, the home equity lender founded by the former CEO of SoFi, is seeking a national bank charter so it can offer more products and services while reducing the need for state-by-state licenses.