Bankruptcy Blogs

HUD nominee pledges to promote affordable housing, work with Congress

01/28/21

Marcia Fudge told senators that her first priority as secretary would be to assist renters and homeowners struggling financially due to the COVID-19 pandemic.

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Arizona group files to open Gainey Business Bank

01/28/21

Organizers have been working raising capital and preparing an application for about four years.

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New Year, New Blog: In Solvency – Covering National Developments in Bankruptcy and Its Litigation

01/28/21

Follow the leading voices of Fox Rothschild’s national Financial Restructuring and Bankruptcy Practice at In Solvency, a new blog that brings understandable insights to the latest trends and developments in prominent bankruptcy cases and provides practical takeaways to creditors, creditor committees, debtors and businesses navigating issues surrounding financial distress. Our deep familiarity working with bankruptcy trustees offers critical perspectives into their needs, roles and appointment.

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John Grundhofer, former U.S. Bank CEO, dies at 82

01/28/21

The industry legend turned around a struggling Minneapolis company and even escaped a kidnapping to build the firm that is now the nation’s fifth-largest bank.

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Original CEO of Frankenmuth Credit Union dead at 76

01/28/21

Kathleen Bierlein Yancer served the Michigan-based institution for more than 30 years before retiring in 2003.

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OCC halts publication of 'fair access' rule

01/28/21

The rule, finalized in the waning days of the Trump administration and scheduled to take effect in April, would have punished banks for denying services to certain firms without documented reasons for doing so.

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Now more than ever, NCUA needs a reset

01/28/21

The regulator must rediscover bipartisanship and collaboration while ensuring new regulations don't overstep the Federal Credit Union Act.

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JPMorgan to launch digital bank in U.K.; Fed downplays climate tests

01/28/21

The bank’s plans are more ambitious than Goldman’s Marcus bank, which only offers savings accounts; top officials say the Fed won’t pressure banks to avoid lending to certain industries.

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Signs point to more bank-nonbank M&A in 2021

01/27/21

Acquisitions of wealth management, insurance, fintech and other firms are expected to pick up as banks seek new sources of fee income and look to improve digital capabilities.

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California to regulate early-wage access firms under landmark agreements

01/27/21

The companies pledged to share data with regulators, abide by certain restrictions on pricing and submit to regular examinations. But the voluntary pacts stop short of placing restrictions on existing revenue models.

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