Bankruptcy Blogs

OCC Suggests "Fair Access" Rulemaking to Require Banks to Finance the Oil and Gas Industry

08/04/20

Just when you think it can't get more ridiculous... The Office of Comptroller of the Currency, which hasn't taken racially discriminatory lending seriously, is concerned about banks' discriminatory refusal to serve the oil and gas industry.

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Will pandemic compel Congress to ease bank capital requirements?

08/03/20

Lawmakers don't appear ready to relax requirements yet, but they may do so in future legislation in hopes of spurring more bank lending.

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Google checking accounts: Why banks want in

08/03/20

The marketing and tech-sharing opportunities for Google's eight financial institution partners are captivating despite the risk of data privacy or other issues cropping up down the road.

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Prominent credit union blogger shares final post

08/03/20

Keith Leggett, a former economist at the American Bankers Association, has overseen Credit Union Watch since 2009.

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Founder of consumer lender Aura steps down as CEO

08/03/20

James Gutierrez will remain on the board of directors and is trying to arrange financing to help keep the struggling company afloat.

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Could Unpaid Cities File an Involuntary Bankruptcy Against Donald J. Trump for President, Inc.?

08/03/20
President Donald J. Trump knows a little something about bankruptcy. At least four of his casinos and hotels have filed voluntary reorganization petitions, but could his presidential campaign be placed into involuntary bankruptcy over unpaid security bills to cities? This hypothetical provides a great vehicle for discussing the mechanics of how an involuntary petition gets filed and the consequences arising from it.
Some Background
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Cash-advance pioneer Yellowstone accused of deception by FTC

08/03/20

The company falsely advertises its cash advances as requiring no collateral or personal guarantee, according to a lawsuit filed by the Federal Trade Commission.

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Google teams with more banks in offering digital accounts

08/03/20

Five banks, including BBVA USA and BMO Harris Bank, and one credit union will begin offering Google-branded bank accounts in 2021.

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Flushing, Empire affirm commitment to delayed merger

08/03/20

The New York companies plan to move ahead with their proposed deal despite challenges created by the coronavirus pandemic.

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Citi’s new credit card perk gives Amazon edge in winning big orders

08/03/20

Citigroup plans to let credit-card customers finance big purchases on Amazon.com over longer periods of time — a deal that may spur sales at the e-commerce giant while boosting the bank’s interest-bearing balances.

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