News

Today's News

September 22, 2020 - 16 new headlines

Liz Weston: Fear of bankruptcy holds too many people back - STLtoday.com

09/22/2020 Liz Weston: Fear of bankruptcy holds too many people back  STLtoday.com [more]
Tags: Liquidation, News

This Popular Steakhouse Chain Is Filing for Bankruptcy - KYR News

09/22/2020 This Popular Steakhouse Chain Is Filing for Bankruptcy  KYR News [more]
Tags: Filings, News

What's Going on With the JC Penney Chapter 11 Bankruptcy Case? - Sourcing Journal

09/22/2020 What's Going on With the JC Penney Chapter 11 Bankruptcy Case?  Sourcing Journal [more]
Tags: Cases of Interest, News

Ground leased hotels - by Thomas Kearns - New York Real Estate Journal Online

09/22/2020 Ground leased hotels - by Thomas Kearns  New York Real Estate Journal Online [more]
Tags: Cases of Interest, News

Semiconductor Giant Adds Top Lawyer Amid Huawei Battle - Bloomberg Law

09/22/2020 Semiconductor Giant Adds Top Lawyer Amid Huawei Battle  Bloomberg Law [more]
Tags: Lawsuits, News

Court Of Appeal Summaries (September 7 – September 18, 2020) - Litigation, Mediation & Arbitration - Canada - Mondaq News Alerts

09/22/2020 Court Of Appeal Summaries (September 7 – September 18, 2020) - Litigation, Mediation & Arbitration - Canada  Mondaq News Alerts [more]
Tags: Lawsuits, News

The fear of bankruptcy holds too many people back - Escanaba Daily Press

09/22/2020 The fear of bankruptcy holds too many people back  Escanaba Daily Press [more]
Tags: Filings, News

306 NOTICE OF TRUSTEE'S SALE | Legal Announcements - goskagit.com

09/22/2020 306 NOTICE OF TRUSTEE'S SALE | Legal Announcements  goskagit.com [more]
Tags: 363 Sales, News

Oneweb to resume Arianespace launches in December 2020 - SpaceWatch.Global

09/22/2020 Oneweb to resume Arianespace launches in December 2020  SpaceWatch.Global [more]
Tags: 363 Sales, News

Debt Collection Lawsuits are Surging: Here's What You Need to Know - courierjournal

09/22/2020 Debt Collection Lawsuits are Surging: Here's What You Need to Know  courierjournal [more]
Tags: Cases of Interest, News

Blogs

A small-business ‘dream job’ at BofA

09/22/2020 Bank of America's Managing Director for Small Business Sharon Miller led the company's involvement in the Paycheck Protection Program, which produced more than 343.000 loans, most in the country. [more]
Tags: Bankruptcy Blogs, BankThink, Leaders, Paycheck Protection Program, small business, Women in Banking

Results-driven Fraser just the ticket for fixing Citi, associates say

09/21/2020 Jane Fraser, who is poised to become the first woman to lead a major U.S. bank, possesses turnaround experience and strong interpersonal skills that make her well suited for mending fences with regulators and investors, according to present and former colleagues. [more]
Tags: Bankruptcy Blogs, BankThink, Citigroup, Corporate governance, Enforcement actions, GSIBs, Internal controls, Jane Fraser, Risk management, Succession planning, Women in Banking

Banks can hold stablecoin-related assets for customers, OCC says

09/21/2020 The agency issued an interpretive letter on stablecoins two months after permitting institutions to provide wallet services for cryptocurrency holdings. [more]
Tags: Bankruptcy Blogs, BankThink, Brian Brooks, Cryptocurrencies, Digital currencies, Mobile wallets, OCC, Regulatory guidance

Three more former Wells Fargo execs settle civil charges

09/21/2020 Matthew Raphaelson, Kenneth Zimmerman and Tracy Kidd, all of whom were senior executives in the company’s consumer banking unit, have agreed to pay six-figure fines in connection with Wells Fargo’s unauthorized account scandal. [more]
Tags: Bankruptcy Blogs, BankThink, Crime and misconduct, John Stumpf, Law and regulation, Wells Fargo

Longtime CEO of HawaiiUSA Federal Credit Union to retire in 2021

09/21/2020 Karl Yoneshige has been with the Honolulu-based institution since 1988, including two decades as CEO. [more]
Tags: Bankruptcy Blogs, BankThink, C-suite, Career moves, Career planning, Hawaii, Recruiting, Succession planning

Week ahead: More uncertainty after Ruth Bader Ginsburg's death

09/21/2020 Credit union issues could struggle to gain traction as lawmakers battle over a replacement justice. [more]
Tags: Bankruptcy Blogs, BankThink, Data privacy, Election 2020, Law and regulation, Paycheck Protection Program, SCOTUS

States are well equipped to regulate fintechs

09/21/2020 The OCC is trying to seize jurisdiction by arguing that current supervision is haphazard. But states are already working together to streamline regulation while continuing to enforce consumer protections and encourage innovation. [more]
Tags: Bankruptcy Blogs, BankThink, CSBS, Fintech, Fintech regulations, OCC, State regulators

Live Oak outpaces larger rivals in moving core system to public cloud

09/21/2020 The North Carolina bank deployed Finxact's new technology, which runs on Amazon Web Services, to make Paycheck Protection Program loans and will use it next to offer business savings accounts and CDs. [more]
Tags: Amazon Web Services, Bankruptcy Blogs, BankThink, Cloud Computing, Community banking, Core conversions, Core systems, Digital banking, Digital Banking 2020, Live Oak Bank

Fed plan to reform CRA at odds with OCC rule

09/21/2020 The central bank's proposal to overhaul the Community Reinvestment Act differs markedly from the OCC's regulation in testing, data collection and other areas. [more]
Tags: Bankruptcy Blogs, BankThink, CDFIs, CRA, FDIC, Federal Reserve, Jerome Powell, Lael Brainard, Lending, OCC