News Topic: Bankruptcy Blogs

The push for a public option to digitize government payments has gotten stronger, and the discussion has moved on from whether it should happen to how it should happen. ... Read full article

The Oregon company tapped Tory Nixon to serve as president of its bank. ... Read full article

After three months of supervising national banks remotely, examiners will soon resume visiting them in person and working in regional offices, says acting Comptroller of the Currency Brian Brooks. ... Read full article

The maker of accounting and invoicing software is, with the help of a community bank, the latest fintech to cater to small-business owners. ... Read full article

A budget item establishing a new agency to protect consumers from predatory lenders has been put on hold as state officials deal with the coronavirus response and other priorities. But it could be revived in legislative talks later this summer. ... Read full article

Organizers of Coastal Community Bank withdrew their application after the pandemic disrupted efforts to raise capital. ... Read full article

The acting head of the agency says it cannot continue relying on web-based exams put in place during the coronavirus and will start sending staff into banks. ... Read full article

Lenders stock up on masks, Plexiglas barriers and cleaning supplies; lawmakers hope recent fixes will attract more borrowers, but small businesses remain wary after constant changes. ... Read full article

Lenders are cautioning not only that second-quarter provisions might exceed the spike seen earlier this year, but also that credit costs could be elevated into 2021 if the economic slowdown drags on or fears of a second coronavirus wave are borne out. ... Read full article

The company is partnering with Sensibill, a fintech whose technology turns photos of receipts into text and helps people track and manage their expenses. ... Read full article

The Federal Housing Administration's move to insure loans with forbearance could help support homeownership opportunities constrained by the coronavirus if one change was made to it, trade groups said. ... Read full article

Groups representing community banks and credit unions generally support the new percentage-based goals set by the Federal Housing Finance Agency. ... Read full article

As revenue-starved retailers fall further behind on rent payments, landlords' cash flow will be strained, and defaults on commercial real estate loans could rise. ... Read full article

The Ninth Circuit on June 1 affirmed a key bankruptcy principle that liens may survive and “pass through” the bankruptcy process even if the underlying claim secured by the lien is disallowed.  The facts in Lane v. The Bank of New York Mellon (Ninth Cir. ... Read full article

The venture with Goldman Sachs represents the first time Amazon has let a third party control the underwriting process of one of its financing offerings. ... Read full article

In wealth management and consumer lending, banks are starting to win back clients they had been losing to startups. ... Read full article

Members of the Small Business Committee signaled backing for broadening Paycheck Protection Program access for the smallest companies, encouraging participation by nonbank lenders and other improvements. ... Read full article

After initially processing the loans manually, the Minnesota bank turned to "low code" software to build the electronic forms and workflows needed to approve loan applications. The result: a more than fivefold increase in the number of loans it ... Read full article