Bankruptcy Blogs

How much longer will consumer credit hold up?

11/02/20

Payment rates for auto lenders and credit card issuers have remained strong despite a spike in unemployment. Whether these trends continue into 2021 will depend largely on the actions of Congress and the pace of medical advances.

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Who would craft regulatory policy in a Biden administration?

11/02/20

A Democratic victory in Tuesday’s election would likely produce new leaders at the CFPB and OCC who could take bank regulation in a sharply different direction. Here are some names potentially under consideration.

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CAP COM FCU wraps third merger in just over one year

11/02/20

Members of Niagara Mohawk Power Corp. Troy Employees Federal Credit Union recently voted to merge with Albany-based CAP COM.

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NCUA names new director of examination and insurance

11/02/20

Myra Toeppe, who had been serving as acting director since January, will take on that role permanently.

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Now is not the time to freeze small-business lending

11/02/20

Credit is tightening to 2008 levels at a time when small businesses need help the most, former SBA chief Karen Gordon Mills says.

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Zelle small-biz payments volume jumps 30% from 2Q to 3Q

11/02/20

The person-to-person network is being used more often for purchasing, with consumer payments to small businesses up sharply.

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Fed revamps Main Street loan program; debit beating credit in payments war

11/02/20

The changes include lower loan minimums and fatter fees for lenders; while electronic payments help most providers, banks and lenders who need credit income could face growth challenges.

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ATM coating targets COVID-19 and other ‘nasty things’

11/02/20

A new service from NCR aims to reduce surface transmission of the coronavirus through the application of an antimicrobial cleaning product that kills germs.

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Florida bank aims for first-mover edge in financing search funds

11/01/20

Professional Holding has opened an office close to Boston to make loans to aspiring CEOs — often recent business school graduates — who are looking to buy their first businesses.

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If one of you is filing, we still need a whole family budget

11/01/20

If just one person in the marriage is filing bankruptcy, we still need a whole family budget. The question comes up all the time.  “Can I file bankruptcy and leave my wife/husband out of it.” The answer to that is, Yes. But to get your case approved, we need to submit a whole family budget. […]

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