Bankruptcy Blogs

Bankers monitoring financial health of senior care facilities

03/17/20

Lenders are concerned that the coronavirus outbreak will increase vacancies and add to credit risk.

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Robert Weed Chapter 13 Fee Agreement

03/17/20

Here’s our fee agreement for Chapter 13 in the Alexandria VA  Bankruptcy Court.   c13 2020 fee

The post Robert Weed Chapter 13 Fee Agreement by Robert Weed appeared first on Robert Weed - .

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FDIC nears decision on ILC bids as it floats new standards for charter

03/17/20

On the same day the Federal Deposit Insurance Corp. said it will soon rule on two applications, the agency also proposed benchmarks for all firms that want to own industrial loan companies.

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Fed announces launch of second facility to support credit markets

03/17/20

The establishment of the Primary Dealer Credit Facility is among a flurry of recent actions by the central bank to limit the economic impact of the coronavirus.

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Lenders Encouraged to Work with Customers in Response to COVID-19 Challenges

03/17/20

The Federal Deposit Insurance Corporation (the “FDIC”) issued a statement on March 13, 2020, encouraging financial institutions to take prudent steps to assist customers and communities affected by the Coronavirus Disease 2019 (“COVID-19”).

The official announcement can be found here.

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Consumers anxious about virus want reassurance from banks: J.D. Power

03/17/20

Customers are increasingly concerned about taking a financial hit from the COVID-19 crisis and want to know more about fee waivers, credit-line increases and other things banks could do for them.

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What else can the Fed do to blunt coronavirus impact?

03/17/20

The Federal Reserve's support for the commercial paper market made clear that it was willing to go beyond cutting interest rates, but the central bank may feel pressure to do even more as the crisis worsens.

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When the “Lights Go Out on Broadway” Will the Lights on Tribal Slot Machines be Next? What Do State COVID-19 Emergency Actions Mean for Tribal Gaming Operations?

03/17/20

President Trump has declared a national emergency as a result of the novel coronavirus (COVID-19) pandemic, and more than 30 States have made emergency declarations in response to COVID-19. Governors of the States of California, Washington, Oregon and New York have issued executive orders or proclamations prohibiting “large gatherings,” which in California, Washington and Oregon include gatherings of 250 people or more.

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Agencies encourage banks to use their capital to boost lending

03/17/20

Regulators issued a rule that gives banks the OK to dip into capital to help households and businesses cope with the economic impact of the coronavirus.

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HSBC names caretaker Noel Quinn as permanent chief executive

03/17/20

Quinn served as acting CEO since August, when John Flint was ousted over concern he couldn't lead the bank through an increasingly treacherous series of economic challenges.

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