Bankruptcy Blogs

Bank regulation focus to shift under Biden; still life for cash?

02/01/21

The administration is expected to stress financial access and consumer protection; economists differ whether the move away from cash was a temporary response to Covid or long-lasting.

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Credit union groups start small in returning to live conferences

02/01/21

Some in the industry are planning in-person events, but the largest meetings are still unlikely to reconvene for a while.

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Should energy lenders fear Biden's climate policies?

01/31/21

For now, banks say they have no plans to curtail lending to oil and gas firms, but recent moves by the new administration — including a halt in drilling on federal land and an effort to stop the Keystone XL Pipeline — could cause them to re-evaluate their long-term commitment to the fossil fuel industry.

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File Bankruptcy and Sleep Better

01/31/21

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 four years before.  One hundred four people participated in the survey.      Getting good sleep […]

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Forbearance Might Not Mean Deferment

01/31/21

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 deferment means you are not behind. Mortgage companies are […]

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Regulators extend comment period for First Citizens-CIT merger

01/29/21

The Federal Reserve said its decision to accept input for several more weeks reflects the logistical challenges presented by the coronavirus pandemic.

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How Democrats could gain control of FDIC’s agenda

01/29/21

Trump appointee Jelena McWilliams is slated to be the agency's chair until mid-2023. But legal experts say a provision in the FDIC’s bylaws gives Democratic members of the governing board, now in the majority, an opening to reverse earlier rules championed by Republicans.

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Managing excess liquidity getting tougher for banks

01/29/21

Comerica, Citizens Financial and other companies are buying up securities, paying off high-cost borrowing and trying to develop specialty lending niches. But loan growth remains weak, and the likelihood of extreme volatility in deposits makes it hard to plan ahead.

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Synchrony forecasts higher loan volumes, weaker credit in second half

01/29/21

Like other card issuers, the Stamford, Conn., company expects current trends — soft loan demand but strong credit quality — to reverse later this year as the economy emerges from the pandemic-induced recession.

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Tackling screen scraping, Truist’s $1.8B upgrade, Regions’ deposit glut: Top stories of the week

01/29/21

BofA, Chase and Wells Fargo are among the big banks piloting a service to rein in screen scraping; Truist spending $1.8 billion on tech, customer service upgrades; soaring deposits have tied Regions’ hands; and more from this week’s most-read stories.

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