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January 20, 2018 - 0 new headlines

Letter: SCANA bankruptcy - Charleston Post Courier

01/19/2018 Letter: SCANA bankruptcyCharleston Post CourierSo here's the question our lawmakers should be asking: What's so terrible about bankruptcy? Lots of corporations go through Chapter 11 reorganizations, with shareholders and lenders “taking a haircut” to reduce the liabilities of the company [more]
Tags: Cases of Interest, News

Better Call Behnken: Travelers who paid Sarasota-based Legendary Journey's by check still out thousands - WFLA

01/19/2018 WFLABetter Call Behnken: Travelers who paid Sarasota-based Legendary Journey's by check still out thousandsWFLAFerguson now says he will no longer talk on camera but sent a text message to Better Call Behnken that said the case is, “now handled through the legal process of attorneys and [more]
Tags: Cases of Interest, News

Strawberry Grower Files for Chapter 11 Bankruptcy - Los Angeles Business Journal

01/19/2018 Strawberry Grower Files for Chapter 11 BankruptcyLos Angeles Business JournalEclipse Berry Farms has filed for bankruptcy, joining a growing list of California strawberry operators facing difficulties. Eclipse is headquartered in Los Angeles, but has growing operations in Oxnard, Salinas and Mexico. [more]
Tags: News, Reorganizations

Local dry cleaning company files for bankruptcy, abruptly closes - WCVB Boston

01/19/2018 WCVB BostonLocal dry cleaning company files for bankruptcy, abruptly closesWCVB BostonAfter almost 20 years in business, a Boston area dry cleaning company has abruptly closed its doors and filed for chapter 7 bankruptcy. The company made the news official in an email to customers Friday evening. [more]
Tags: Liquidation, News

ND pays nearly $15.9 million in Bala settlement, appeal pending - The Dickinson Press

01/19/2018 The Dickinson PressND pays nearly $15.9 million in Bala settlement, appeal pendingThe Dickinson PressBISMARCK—The state of North Dakota paid nearly $15.9 million early this year as part of a settlement agreement in a long-running bankruptcy case involving an off-track horse race wagering company. [more]
Tags: Cases of Interest, News

'Dance Moms' Abby Lee Miller Struts Out Of Jail With Early Release - Deadline

01/19/2018 Deadline'Dance Moms' Abby Lee Miller Struts Out Of Jail With Early ReleaseDeadlineThis whole sordid affair, which among other things saw Collins Avenue paying Miller's fees to her mom instead, only came to light when the judge in the host's almost-completed bankruptcy case came [more]
Tags: Cases of Interest, News

Federal judge upholds $3.8 million arbitration ruling against Charleston Gazette-Mail - West Virginia MetroNews

01/19/2018 Federal judge upholds $3.8 million arbitration ruling against Charleston Gazette-MailWest Virginia MetroNewsThis month, filings in the federal case revealed that Charleston Newspapers has been prepping to be sold while likely also going through a concurrent bankruptcy. MediaNews filed a motion for [more]
Tags: Filings, News

Toshiba reaches agreement to sell Westinghouse claims, assets - Utility Dive

01/19/2018 Toshiba reaches agreement to sell Westinghouse claims, assetsUtility DiveToshiba continues to work on completing the sale of bankrupt Westinghouse, but also faced the pressing potential that its shares might be delisted from the Tokyo Stock Exchange. Two years of negative shareholder equity is [more]
Tags: 363 Sales, News

Bankruptcy Group Of The Year: Skadden - Law360

01/19/2018 Bankruptcy Group Of The Year: SkaddenLaw360Law360, Wilmington (January 19, 2018, 4:15 PM EST) -- Skadden Arps Slate Meagher & Flom LLP continued to bolster its reputation as one of the world's top bankruptcy firms in 2017 with feats that included winning confirmation for SunEdison Inc.'s [more]
Tags: Cases of Interest, News

Stephanie Webb joins Radix Law ranks as new attorney - Scottsdale Independent

01/19/2018 Scottsdale IndependentStephanie Webb joins Radix Law ranks as new attorneyScottsdale Independent [more]
Tags: Lawsuits, News

Blogs

GSE reform heats up, Zelle's flaw and CFPB's struggles: Top stories of the week

01/19/2018 An exclusive look at the Senate's tightly held housing finance plan drew the most interest from readers this week, while TD's foray into AI and the roller coaster at CFPB also dominated attention. [more]
Tags: , Artificial intelligence, Bank of America, Bankruptcy Blogs, BankThink, CFPB, Cloud Computing, FHFA, GSE reform, Housing finance reform, Mick Mulvaney, P-to-P payments, TD Bank

Glitch, tweet, repeat: Modern banking’s rage cycle

01/19/2018 Wells Fargo joins the list of banks recently hobbled by tech outages. Is there a better response than "Sorry for the inconvenience"? [more]
Tags: , Bank technology, Banking brands, Bankruptcy Blogs, BankThink, Client communications, Client relations, Compliance, Digital banking, social media, Wells Fargo

Regionals step on gas in retail loans as commercial lending sputters

01/19/2018 Citizens Financial, Regions and SunTrust reported strong gains in consumer banking, including loans made through partnerships with retailers and fintech lenders. They want to keep it up to compensate for slack in commercial lending. [more]
Tags: , Alabama, Bankruptcy Blogs, BankThink, Citizens Financial, Consumer lending, Earnings, georgia, home equity loans, mortgages, Regional banks, Regions Bank, Rhode Island, SunTrust

CFPB's Mulvaney to Warren: Breaches justified data-collection halt

01/19/2018 Acting Consumer Financial Protection Bureau Director Mick Mulvaney has cited hundreds of confirmed and suspected data breaches as justification for his halting the bureau's data collection activities last month. [more]
Tags: , Bankruptcy Blogs, BankThink, CFPB, Compliance, Data breaches, Data security, Elizabeth Warren, Law and regulation, Mick Mulvaney

KleinBank to sell three branches to Minnesota credit union

01/19/2018 Wings Financial Credit Union will also gain about $40 million in deposits and $10 million in loans. [more]
Tags: Bankruptcy Blogs, BankThink, Branch deals, Community banking, Credit unions, M&A, minnesota

Dime finds it hard to, well, turn on a dime scaling back CRE

01/19/2018 The New York multifamily lender is making steady progress in a multiyear effort to reduce its dependency on commercial real estate. [more]
Tags: Bankruptcy Blogs, BankThink, Commercial real estate lending, Community banking, Growth strategies, new york

Fed’s Quarles to seek more ‘tailoring’ of large-bank rules

01/19/2018 Federal Reserve Vice Chairman for Supervision Randal Quarles on Friday gave the clearest indication yet of the central bank's intention to recalibrate the regulatory framework for the nation’s largest banks. [more]
Tags: , Bankruptcy Blogs, BankThink, Federal Reserve, GSIBs, Liquidity requirements, Minimum capital requirements, Randal Quarles

Mulvaney: No plans to ‘blow up’ CFPB

01/19/2018 "I've told people from the day I walked in there, I wasn't there to burn the place down or blow it up," the consumer bureau's acting director said at a White House briefing. [more]
Tags: , Bankruptcy Blogs, BankThink, CFPB, Financial regulations, Law and regulation, Lawsuits, Mick Mulvaney

House votes to exempt more firms from HMDA rule

01/19/2018 A bill passed by the House would raise the threshold that allows smaller banks and credit unions to avoid expanded Home Mortgage Disclosure Act requirements imposed by a 2015 rule. [more]
Tags: , American Bankers Association, Bankruptcy Blogs, BankThink, HMDA, House Financial Services Committee, mortgages, Redlining, Regulatory relief