Bankruptcy Blogs

Mulvaney to launch hedge fund; how will banks make money?

08/31/20

The hedge fund being started by the former acting head of the CFBP aims to bet on financial services stocks; large and small institutions are getting hit from all sides by the pandemic.

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Chase launches its first Mastercard-branded consumer credit card in 5 years

08/31/20

Visa and JPMorgan Chase & Co. are in the middle of a 10-year merchant services agreement that gives Chase merchants certain advantages with the expected goal of favoring Visa card volume. But it’s not an exclusive arrangement.

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Brilliant Contracts Podcast From Hoffman & Wilkinson-Ryan

08/29/20

I suspect that slipsters already know about this podcast.  But, just in case any of you have not, I wanted to flag Promises, Promises by Dave Hoffman and Tess Wilkinson-Ryan.  This is especially wonderful if you are teaching contract law via zoom this term and need additional content to add to what you are doing already. The podcast has been my savior in that it brightens my mood so much to hear these two brilliant scholars have fun talking through the classic cases while I'm on long walks.

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Four bankers of failed thrift charged with helping client embezzle funds

08/29/20

The Justice Department alleges that the bankers worked with “higher-ranking bank officials” at Washington Federal Bank for Savings in Chicago to falsify records and hide funds prior to the bank's December 2017 collapse.

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Student borrower protection bill on verge of passage in California

08/28/20

The legislation, which would apply to both banks and nonbanks, would give borrowers the right to sue for damages when servicing violations occur.

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Midland States in Illinois to sell FHA origination platform

08/28/20

The company said the sale will provide more consistent financial results and allow it to redeploy funds to support other businesses.

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Heartland discloses delayed closing for AimBank acquisition

08/28/20

The Iowa company said the coronavirus outbreak and litigation against AimBank will postpone the deal's completion by a few months.

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Banking super PAC moves closer to announcing Senate endorsements

08/28/20

Friends of Traditional Banking is focusing on four GOP senators in tight races as it prepares to endorse two incumbents for the November elections.

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The community banker at the center of the mail-in voting fracas

08/28/20

Mike Duncan had kept a low profile as chairman of the U.S. Postal Service’s board of governors until it hired Louis DeJoy as postmaster general. Now he is sharing an unwanted spotlight with the embattled DeJoy.

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Are public-private partnerships the future of postal banking?

08/28/20

Bankers have long opposed the idea of the U.S. Postal Service taking deposits and making loans directly, but some in the industry are open to the idea of letting banks and credit unions offer services at post offices.

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