News

Today's News

April 2, 2020 - 29 new headlines

Oil Futures Jump While Global Stocks Edge Higher - Barron's

04/02/2020 Oil Futures Jump While Global Stocks Edge Higher  Barron's [more]
Tags: News, Reorganizations

Why Well-Chosen REITs Do Not Go Bankrupt - Seeking Alpha

04/02/2020 Why Well-Chosen REITs Do Not Go Bankrupt  Seeking Alpha [more]
Tags: Liquidation, News

Hornbeck Offshore to File Chapter 11 - Offshore Engineer

04/02/2020 Hornbeck Offshore to File Chapter 11  Offshore Engineer [more]
Tags: News, Reorganizations

7 Major Cultural Shifts The Coronavirus Crisis Should Make Happen - The Federalist

04/02/2020 7 Major Cultural Shifts The Coronavirus Crisis Should Make Happen  The Federalist [more]
Tags: Liquidation, News

Inside Politics: Idaho’s Best Legislation No One Knows About - Twin Falls Times-News

04/02/2020 Inside Politics: Idaho’s Best Legislation No One Knows About  Twin Falls Times-News [more]
Tags: Liquidation, News

Latest on Omega Contracting Group LLC and more - Pittsburgh Business Times - Pittsburgh Business Times

04/02/2020 Latest on Omega Contracting Group LLC and more - Pittsburgh Business Times  Pittsburgh Business Times [more]
Tags: Filings, News

South Arkansas bankruptcies by county through Tuesday, March 31 - Magnoliareporter

04/02/2020 South Arkansas bankruptcies by county through Tuesday, March 31  Magnoliareporter [more]
Tags: Liquidation, News

Stanley Black & Decker Provides Update on Current Business Operations & Announces First Quarter Earnings Release Date - PrimePublishers.com

04/02/2020 Stanley Black & Decker Provides Update on Current Business Operations & Announces First Quarter Earnings Release Date  PrimePublishers.com [more]
Tags: Filings, News

The week in bankruptcies: Raleigh realty group files for Chapter 11 - Triangle Business Journal

04/02/2020 The week in bankruptcies: Raleigh realty group files for Chapter 11  Triangle Business Journal [more]
Tags: Liquidation, News

Why America May Not Need 4 Big Airlines - 24/7 Wall St.

04/02/2020 Why America May Not Need 4 Big Airlines  24/7 Wall St. [more]
Tags: Liquidation, News

Blogs

Fed eases bank leverage ratio; Kabbage cuts back

04/02/2020 The one-year relief is intended to free up lending to consumers and businesses; the online small business lender not making loans, shrinks credit lines, staff. [more]
Tags: Bankruptcy Blogs, BankThink, Commercial lending, Compensation, Federal Reserve, Kabbage, Leveraged loans

Capital One moves summer internships online in coronavirus response

04/02/2020 About 1,000 interns were notified of the change this week. They will still receive the pay and housing funds outlined in their original offer letters. [more]
Tags: Bankruptcy Blogs, BankThink, Capital One, Coronavirus, Workforce management

Congress mulls further coronavirus relief for consumers

04/01/2020 If Capitol Hill plans another round of stimulus, Democrats could have more leverage to demand steps such as suspending overdraft fees or placing a temporary cap on consumer lending rates. [more]
Tags: Bankruptcy Blogs, BankThink, Consumer lending, Coronavirus, Credit Reporting, interest rates, Maxine Waters, Overdrafts, Regulatory reform, Sherrod Brown

A Story of Lawyers Behaving Badly

04/01/2020 Here, the Court grapples with an inheritance—the latest chapter of a litigation odyssey that began over a decade ago in a different domain.Adv. No. 18-1091, Kansas City Southern Railway Company vs. Luz Chavez vs. Rosenthal & Watson, P.C. (Bankr. W.D. Tex. 1/31/20), p.1.  The [more]
Tags: ATexasBankruptcyLawyersBlog, attorneys' fees, Bankruptcy Blogs, fiduciary duty, Judge H. Christopher Mott, professional responsibility

Fed's conundrum: Whether to remove Wells Fargo's asset cap

04/01/2020 Amid the coronavirus emergency, the central bank may have to decide at what point the imperatives of an economic crisis outweigh the requirements of its most severe enforcement action in recent memory. [more]
Tags: Bankruptcy Blogs, BankThink, Charles Scharf, Coronavirus, Federal Reserve, Jerome Powell, Law and regulation, Wells Fargo

CFPB clarifies credit reporting procedures in light of coronavirus

04/01/2020 The agency said lenders should avoid reporting delinquent payments to credit bureaus for consumers who have sought payment relief due to the pandemic. [more]
Tags: Bankruptcy Blogs, BankThink, CFPB, Coronavirus, Credit Reporting, credit scores, Enforcement, FCRA

Bank of America lets 50,000 mortgage borrowers skip payments

04/01/2020 Bank of America said it has agreed to allow 50,000 mortgage customers to defer payments for three months because they've lost income as a result of the pandemic. [more]
Tags: Bank of America, Bankruptcy Blogs, BankThink, Coronavirus, Servicing

How the coronavirus response could transform SBA

04/01/2020 The pandemic may force the Small Business Administration to rely more on fintechs and digital channels to hasten loan approvals, a shift that could stick. [more]
Tags: Bankruptcy Blogs, BankThink, Community banking, Coronavirus, Fintech, SBA, Small business lending

Microsoft will launch personal finance app with assist from Plaid

04/01/2020 The app, set to roll out this month, will be offered to the 38 million Office 365 users and can connect via the data aggregator Plaid to all bank and card accounts. [more]
Tags: Bankruptcy Blogs, BankThink, Digital banking, Fintech, Microsoft, Mobile banking, Plaid Technologies

COVID-19: Small Business Bankruptcy Relief

04/01/2020 Last week, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law, implementing broad relief for individuals and businesses affected by COVID-19.  One of the sections of the CARES Act receiving less attention is a temporary amendment to the Bankruptcy Code to provide [more]
Tags: bankruptcy, Bankruptcy Blogs, BankruptcyLawInsights, Coronavirus, COVID-19