News Topic: Bankruptcy Blogs

As I predicted, things were not going to go so smoothly for the National Rifle Association in bankruptcy. Today, the Hon. Phillip Journey, an NRA board member and Kansas state judge, filed an examiner motion  in the case. ... Read full article

When its proposed sale to Suncoast Credit Union fell through, Apollo Bank decided to step up commercial lending and revamp its digital offerings in anticipation of an economic rebound in South Florida. ... Read full article

The money transfer service has been accused of aggressively collecting on overdrawn customers; the asset manager is being urge to pressure the bank to cut fossil fuel lending. ... Read full article

Free financial education programs and easier access to safe small-dollar loans are among the ways banks could help put low-income minority households on a path to prosperity. ... Read full article

I don't post most of my law review articles here, but my latest might be of some interest to Slips readers generally. In Fairness and Flexibility: Understanding Corporate Bankruptcy’s Arc , out now in the University of Pennsylvania Journal of ... Read full article

A showdown between megabanks such as JPMorgan Chase and the likes of Apple and PayPal could be the prelude to a broader fight. ... Read full article

People who file bankruptcy sleep better. Ninety four percent of people surveyed said they slept better after filing bankruptcy. That’s the result of a 2019-2020 study taken through SurveyMonkey.com of former clients who filed bankruptcy with us three or ... Read full article

A Mortgage Forbearance Might Not Get You a Mortgage Deferment A mortgage forbearance under the CARES Act is NOT the same as a deferment. At the end of a mortgage forbearance, you are behind by the exact number of payments they allowed you to skip.  A ... Read full article

The North Carolina-based credit union, which purchased the vacant bank branch last summer, serves some members across the state line but has not had a brick-and-mortar presence there until now. ... Read full article

Protego Trust Bank in Seattle will focus on providing custody services for investors that hold digital assets. The OCC decision comes weeks after the agency granted permission to a South Dakota trust company to offer crypto-related services. ... Read full article

The backstory of Huntington's whirlwind pursuit of TCF; acting CFPB chief Dave Uejio signals tougher stance against redlining; how Democrats could gain control of FDIC's agenda; and more from this week's most-read stories. ... Read full article

Acting Director Dave Uejio wrote in a blog post that the Consumer Financial Protection Bureau needs more time to consider rules that were finalized under the Trump administration but have not yet gone into effect. ... Read full article

First Foundation is relocating its corporate headquarters to Dallas, where the tax burden is lighter and it sees more opportunity to beef up lending, add wealth management clients and pursue acquisitions of community banks. ... Read full article

The North Carolina-based credit union is one of a handful in the industry to prioritize diversity, equity and inclusion at the management level. ... Read full article

The inquiry into Venmo's debt collection practices is a taste of what PayPal can expect as it expands to other categories that increasingly face regulatory pressure. ... Read full article

Startups such as Majority, Sable and Simba were created by newcomers to the U.S. who learned firsthand which services, including global remittances and financial education, their audience values most. ... Read full article

Most major global banks will spend more than $100 million each this year preparing for the end of the discredited Libor rate, according to Ernst & Young. ... Read full article

Regulators are right to encourage environmentally responsible lending, but with the transition to a low-carbon economy likely to take decades, they can’t allow banks to cut off lending to polluting firms cold turkey — especially to those making good-faith ... Read full article