Bankruptcy Blogs

The OCC Is a Problem Agency

12/19/20

It's time to say it loud and clear: the OCC is a problem agency.

[more]

Regulatory Comments to the OCC on the Fair Access to Financial Services Rule

12/18/20

I submitted comments to the OCC about its proposed rulemaking regarding Fair Access to Financial Services. I previously blogged on the topic here and here.

[more]

NCUA's Hauptman elevated to vice chairman

12/18/20

This is the first time the agency has had a vice chairman since 2014.

[more]

Fed extends dividend restrictions after stress test results

12/18/20

The Federal Reserve's “mid-cycle” assessment — conducted in light of the uncertainty posed by COVID-19 — showed that several banks would maintain just the bare minimum level of capital under hypothetical scenarios.

[more]

Biden’s student loan pledge, Huntington’s TCF deal, banks’ digital scramble: Top stories of the week

12/18/20

What President-elect Biden’s pledge to forgive student loans means for consumer lenders; Huntington agrees to buy TCF Financial for $6 billion; banks play catch-up as customer shift to digital accelerates; and more from this week’s most-read stories.

[more]

Toomey's proposal to restrict Fed powers draws Democratic rebuke

12/18/20

The amendment backed by Sen. Pat Toomey and other Republicans to block the central bank from reviving CARES Act lending facilities has emerged as a flashpoint in congressional negotiations over pandemic relief.

[more]

Fed developing tools to help banks assess climate risk: Brainard

12/18/20

Speaking at a virtual event hosted by the Center for American Progress, Federal Reserve Gov. Lael Brainard said the agency is also seeking feedback on how the Community Reinvestment Act could be used to encourage lenders to invest in climate resiliency.

[more]

NCUA approves smaller budget, but will it stick?

12/18/20

The spending plan passed in a party-line vote, but board member Todd Harper's objections indicate he could push for closer oversight if President-elect Joe Biden elevates him to the chairmanship.

[more]

“Have You Sent Us a Bank Statement for Every Account?”

12/18/20

The Hardest Question You’ll Get Asked at Your Bankruptcy Hearing Like most people, you will be stressed when you get ready for your bankruptcy hearing. People are worried they’ll be asked “How did you get into this mess?” Actually, that almost never comes  up. The hardest question that always comes up is this one: “Have […]

[more]

CFPB finalizes disclosure requirements for debt collectors

12/18/20

The agency's rule outlines steps collectors must take to inform consumers about an outstanding debt, and prohibits companies from pursuing lawsuits after a statute of limitations has ended.

[more]