News

Today's News

January 25, 2020 - 7 new headlines

News in brief - Arkansas Democrat-Gazette

01/25/2020 News in brief  Arkansas Democrat-Gazette [more]
Tags: 363 Sales, News

Latest Tennessee news, sports, business and entertainment at 1:20 a.m. CST - WMC

01/25/2020 Latest Tennessee news, sports, business and entertainment at 1:20 a.m. CST  WMC [more]
Tags: Cases of Interest, News

Opioid victims can begin filing claims against Connecticut-based drug company - theday.com

01/25/2020 Opioid victims can begin filing claims against Connecticut-based drug company  theday.com [more]
Tags: Cases of Interest, News

SandRidge Energy Faces Mounting Challenges Due To Weak Natural Gas Prices - Seeking Alpha

01/25/2020 SandRidge Energy Faces Mounting Challenges Due To Weak Natural Gas Prices  Seeking Alpha [more]
Tags: 363 Sales, News

Latest Kentucky news, sports, business and entertainment at 1:20 a.m. EST - WAVE 3

01/25/2020 Latest Kentucky news, sports, business and entertainment at 1:20 a.m. EST  WAVE 3 [more]
Tags: Cases of Interest, News

National briefs: Rosie Perez testifies in Weinstein trial - Pittsburgh Post-Gazette

01/25/2020 National briefs: Rosie Perez testifies in Weinstein trial  Pittsburgh Post-Gazette [more]
Tags: Filings, News

IBC does not bar continuation of criminal prosecution initiated against corporate debtor, its directors/officials: Madras HC - Bar & Bench

01/25/2020 IBC does not bar continuation of criminal prosecution initiated against corporate debtor, its directors/officials: Madras HC  Bar & Bench [more]
Tags: Lawsuits, News

Feigning Dispute Under Insolvency & Bankruptcy Code - Live Law

01/24/2020 Feigning Dispute Under Insolvency & Bankruptcy Code  Live Law [more]
Tags: Liquidation, News

Bankruptcy or not, Frontier to honor broadband deal - NNY360

01/24/2020 Bankruptcy or not, Frontier to honor broadband deal  NNY360 [more]
Tags: News, Reorganizations

Local artist worries about work hanging in Trudy’s, amid restaurant bankruptcy filing - KXAN.com

01/24/2020 Local artist worries about work hanging in Trudy’s, amid restaurant bankruptcy filing  KXAN.com [more]
Tags: Filings, News

Blogs

CFPB at long last defines enigmatic ‘abusive’ standard

01/24/2020 In the past, the agency cited the legal term in enforcement actions without stating what it meant, but Director Kathy Kraninger has sought to give the industry clearer guidance. [more]
Tags: , Bankruptcy Blogs, BankThink, CFPB, Dodd-Frank, Enforcement actions, Financial regulations, Kathy Kraninger, Regulatory relief, UDAAP

Sallie Mae's foray into personal loans proves short-lived

01/24/2020 The company best known for student lending expanded into personal lending less than two years ago. Now it says it is refocusing on core strategic priorities. [more]
Tags: , Bankruptcy Blogs, BankThink, Consumer lending, Marketplace lending, Sallie Mae Corp., Strategic plans, student loans

Synovus out to prove increased spending will pay off

01/24/2020 The Georgia bank's operating costs rose in the fourth quarter, but executives sought to assure shareholders that investments will produce revenue growth in the long run. [more]
Tags: Bankruptcy Blogs, BankThink, Earnings, georgia, Recruiting, Revenue and expenses

Discover's shares tumble after warnings on costs, credit quality

01/24/2020 The credit card lender has seen problem loans spike since it introduced a feature that lets at-risk customers restructure loans through its online and mobile channels. [more]
Tags: , Bank stocks, Bankruptcy Blogs, BankThink, Consumer lending, credit cards, Credit quality, discover, Discover Financial Services

CFPB backers tell high court that agency's structure is legal

01/24/2020 Democratic lawmakers, state attorneys general and others filed briefs with the Supreme Court rebutting claims that the agency’s leadership structure is unconstitutional. [more]
Tags: , Bankruptcy Blogs, BankThink, CFPB, Court cases, Dodd-Frank, Kathy Kraninger, litigation, Maxine Waters, Nancy Pelosi, SCOTUS, Trump administration

Food delivery apps to blame for stressed restaurant loans: BankUnited

01/24/2020 As more consumers order in using such services as Uber Eats and Grubhub, restaurants are selling fewer desserts, drinks and other high-margin items, said CEO Rajinder Singh. [more]
Tags: , Bankruptcy Blogs, BankThink, BankUnited, Commercial lending, Community banking, Earnings, florida, georgia, new york, Regional banks, Restaurant industry

New York faces more empty storefronts as bank branches shrink

01/24/2020 With mobile banking on the rise, New York City is joining a trend that's already sweeping the rest of the country. Fewer bank branches. Smaller bank branches. [more]
Tags: , Bank of America, Bankruptcy Blogs, BankThink, Branch banking, Citigroup, Consumer banking, HSBC, JPMorgan Chase, TD Bank

Howard Bancorp in Md. to exit mortgage lending

01/24/2020 The company, which sold the business to a group of former employees, will shut down its operation this quarter. [more]
Tags: Bankruptcy Blogs, BankThink, Community banking, M&A, maryland, mortgages

Critics of credit union-bank mergers have it all wrong

01/24/2020 Bankers may not want to hear this, but communities benefit when credit unions buy banks. [more]
Tags: , Bankruptcy Blogs, BankThink, Community banking, Credit unions, FDIC, Federal credit unions, M&A, NCUA, tax

FICO gets tougher on credit scores; Goldman pushes diversity

01/24/2020 The changes will mean a bigger gap between the best and worst borrowers; the bank will require companies they take public to have a ‘diverse’ board member. [more]
Tags: , Bankruptcy Blogs, BankThink, Bonuses and incentives, Compensation, credit scores, Digital currencies, Diversity and equality, Goldman Sachs, Jamie Dimon, Morning scan, Penalties and fines, Wells Fargo