Skip to main content
Help Center
banner

ABI Blog Exchange

article-exchange

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

Read Article

Former FDIC head Sheila Bair to chair Fannie Mae board

One of the top banking regulators during the 2008 financial crisis could have a hand in nudging Fannie Mae out of conservatorship.

Visa to face U.S. antitrust suit over Plaid acquisition

The U.S. Justice Department sued to block Visa’s $5.3 billion deal for the data aggregator over concerns that it would harm competition in the global payments market.

New Chapter 11 Filing – Gorham Paper and Tissue, LLC

On November 4, 2020, Gorham Paper and Tissue, LLC of Gorham, NH, a paper company that manufactures tissue and towel products, filed a voluntary petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the District of

New Chapter 11 Filing – Gorham Paper and Tissue, LLC

On November 4, 2020, Gorham Paper and Tissue, LLC of Gorham, NH, a paper company that manufactures tissue and towel products, filed a voluntary petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the District of

New Chapter 11 Filing – Furniture Factory Ultimate Holding, LP

On November 5, 2020, Fort Smith, AR-based Furniture Factory Ultimate Holding, LP, a home furniture retailer operating in the south central and midwestern United States, filed a voluntary petition for relief under Chapter 11 of the Bankruptcy Code in

New Chapter 11 Filing – Furniture Factory Ultimate Holding, LP

On November 5, 2020, Fort Smith, AR-based Furniture Factory Ultimate Holding, LP, a home furniture retailer operating in the south central and midwestern United States, filed a voluntary petition for relief under Chapter 11 of the Bankruptcy Code in

Subchapter V: What Does “Fair and Equitable” Mean For Plan Confirmation? (In re Pearl & In re Ellingsworth)

By: Donald L Swanson 11 U.S.C. § 1191 is Subchapter V’s plan confirmation statute. One confirmation essential, from § 1191(b), is that a Subchapter V plan must be “fair and equitable” to each impaired class that does not accept the plan. This article

Bernstein-Burkley, P.C., Named to 2021 ‘Best Law Firms’ List by U.S. News Best Lawyers®

Pittsburgh, PA November 5, 2020 – Bernstein-Burkley, P.C., headquartered in Pittsburgh, Pa., received national and market rankings in the U.S. News – Best Lawyers® 2021 edition of “Best Law Firms.” Firms included in the “Best Law Firms” rankings are

More gridlock, new tax threats loom after election

As lawmakers look for ways to plug budget gaps, credit union groups are preparing for a possible assault on the industry's tax exemption at the state and federal level.

Michigan Student Loan Questions

Mixing things up today – writing on election day. Michigan Student Loan Problems There will be lots of speculative articles about student loan law changes in the next couple weeks. Mortgage With $600,000 Student Loan Debt? Yikes! Not sure those four

A Fed digital currency looks inevitable. So do the problems.

A Federal Reserve-issued digital dollar could speed up payments, expand financial access and reduce financial crime. But it also brings trade-offs that policymakers are only just beginning to consider.

Beam chief says there’s another side to story of deposit mishandling

Some customer fraud and a lack of cooperation from partners Huntington Bank and Dwolla prevented Beam Financial from returning funds to savers, says Aaron Du, the fintech's CEO. He says he’s trying to make things right, but Huntington and Dwolla are

Update on Churches Filing Chapter 11 Bankruptcy

As parts of the country are counting ballots, I thought I'd post about counting church chapter 11 cases. The headlines about churches and other religious organizations filing chapter 11 still focus predominately -- almost exclusively -- on Catholic

Cannabis and gambling: State ballot measures that matter to banks

Referendums that legalized marijuana and sports wagering in several states could incentivize banks to do business with companies in these sectors. Payday loan and privacy measures that passed Tuesday also have implications for the industry.

Tri-Valley Service Federal Credit Union approved for community charter

The Pittsburgh-based institution can now serve more than a dozen municipalities in the Keystone State.

CFPB orders firm to pay $1.5M for 'misleading' loan payment disclosures

The agency said customers of SMART Payment Plan LLC could receive up to $7.5 million for statements that created a false impression about the service used for auto loans, but in a twist the bureau said it may pay most of the restitution.

Payments firms see green as more states legalize pot

One area of certainty in the 2020 election is the momentum for legalizing cannabis, as a string of ballot box victories makes it harder for banks to avoid working with dispensaries and other legal marijuana businesses.

How much bang did CUNA get for its 3 million bucks on Election Day?

The trade group supported 11 incumbents running for re-election, including the embattled Maine Sen. Susan Collins, and may have helped Republicans maintain control of the Senate.

Consumers have too little control over how their data is shared

Despite tougher privacy regulations, further safeguards are needed that require consumers' clear consent before personal information is exchanged.

Corporate Central launches venture capital fund

The new initiative is aimed at boosting credit union innovation through investments in fintech and other areas.