Bankruptcy Blogs

Back to the Future (Again): Horatio Gadfly and Those Imperial Chinese Bonds

07/29/20

FT Alphaville has had a long line of quirky and brilliant reporters over the years, something that I've always enjoyed (Joseph Cotterill, Tracy Alloway, Colby Smith, Cardiff Garcia and more). And I've especially liked the pieces that do deep dives into obscure and arcane sovereign debt matters.

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Congress, keep AML reform in the defense spending bill

07/29/20

Legislation that would force transparency around company ownership would be better than another burdensome anti-money-laundering rule.

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Payfone rebrands, buys authentication tech from Early Warning

07/29/20

The company has renamed itself Prove and says that the acquisition will allow it to
help banks fine-tune their security procedures when serving customers.

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How the pandemic is propelling Zelle

07/29/20

The pandemic’s physical distancing requirements appear to have accelerated transaction volume and overall usage of Zelle, the P2P app operated by bank-owned Early Warning Services LLC.

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Intuit QuickBooks adds bank account to its bookkeeping services

07/29/20

The accounting and payroll software provider’s QuickBooks Cash account is fee-free and integrates with other products the company offers small businesses.

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Fed extends emergency lending programs; Visa reports 23% profit hit

07/29/20

The programs, which had been set to expire at the end of September, will now run at least to the end of the year; but U.S. payments volume "meaningfully improved" throughout the quarter

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Senate confirms Wade as FHA commissioner

07/28/20

The housing agency's prior permanent chief, Brian Montgomery, left the position after he was tapped to become deputy HUD secretary.

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Will GOP plan to slash unemployment aid trigger wave of loan defaults?

07/28/20

The enhanced jobless benefits in the coronavirus relief law enacted in March helped limit delinquencies and maintain consumer spending, analysts say. In their follow-up stimulus plan, Senate Republicans want to cut those benefits from $600 to $200 a week.

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Consumer lender Oportun hits pause on debt collections

07/28/20

Many of its borrowers have struggled to make payments since the pandemic struck, so it is helping them by suspending debt collections and capping rates on new loans at 36%.

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How the pandemic redefined Truist's philanthropic priorities

07/28/20

The company's foundation, whose mission had been carefully planned by BB&T and SunTrust before their merger, opened just nine days before the novel coronavirus was declared a pandemic. Here’s what happened next.

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