News

Today's News

May 31, 2020 - 12 new headlines

LATAM Chapter 11 Filing to Delay Brazilian Subsidiary's Bailout - AirlineGeeks.com

05/31/2020 LATAM Chapter 11 Filing to Delay Brazilian Subsidiary's Bailout  AirlineGeeks.com [more]
Tags: News, Reorganizations

PG&E could become a nonprofit someday under California bill - San Francisco Chronicle

05/31/2020 PG&E could become a nonprofit someday under California bill  San Francisco Chronicle [more]
Tags: 363 Sales, News

PG&E could become a nonprofit someday under California bill - San Francisco Chronicle

05/31/2020 PG&E could become a nonprofit someday under California bill  San Francisco Chronicle [more]
Tags: Cases of Interest, News

Lancaster County bankruptcies: May 31, 2020 | Bankruptcies in Lancaster County - LancasterOnline

05/31/2020 Lancaster County bankruptcies: May 31, 2020 | Bankruptcies in Lancaster County  LancasterOnline [more]
Tags: Liquidation, News

Global Bankruptcy & Insolvency Litigation Market Overview with Detailed Analysis, Competitive landscape, Forecast to 2025 - Cole of Duty

05/31/2020 Global Bankruptcy & Insolvency Litigation Market Overview with Detailed Analysis, Competitive landscape, Forecast to 2025  Cole of Duty [more]
Tags: Liquidation, News

Bankruptcy Watch - Arkansas Democrat-Gazette

05/31/2020 Bankruptcy Watch  Arkansas Democrat-Gazette [more]
Tags: Liquidation, News

The Billionaire Governor Who's Been Sued Dozens of Times for Millions in Unpaid Bills - Times-West Virginian

05/31/2020 The Billionaire Governor Who's Been Sued Dozens of Times for Millions in Unpaid Bills  Times-West Virginian [more]
Tags: Lawsuits, News

Legally Speaking: Preparing your business for possible coronavirus lawsuits - Rental Pulse

05/31/2020 Legally Speaking: Preparing your business for possible coronavirus lawsuits  Rental Pulse [more]
Tags: Lawsuits, News

For the record: Building permits and bankruptcies | Work & Money - Tulsa World

05/31/2020 For the record: Building permits and bankruptcies | Work & Money  Tulsa World [more]
Tags: Filings, News

Census Bureau says state's income down 46.9% | Features - messenger-inquirer

05/31/2020 Census Bureau says state's income down 46.9% | Features  messenger-inquirer [more]
Tags: Liquidation, News

Blogs

Attorney Convicted of Embezzling Estate Funds Denied Compassionate Release Pending Sentencing

05/30/2020 The U.S. District Court for the Eastern District of Ohio denied a request by John W. Gold that he be released pending sentencing following his guilty plea to embezzling property from a bankruptcy estate.  Gold admitted in a plea agreement that he embezzled the funds and also committed bank fraud and [more]
Tags: Bankruptcy Blogs, BankruptcyFraudResourceCenter, Developments, Disposition - Guilty Plea, In the News, Recent Decisions, Sentences

Big-bank execs condemn racism after George Floyd death

05/30/2020 The chiefs of some of the biggest U.S. banks called on their workers to fight racism after an unarmed black man died as a result of a white police officer kneeling on his neck, prompting nationwide protests. [more]
Tags: Bank of America, Bankruptcy Blogs, BankThink, Citigroup, JPMorgan Chase, Race discrimination, U.S. Bancorp, Wells Fargo

District Court Orders U.S. Marshall to Arrest and Incarcerate Debtors Held in Civil Contempt

05/29/2020 The U.S. District Court for the District of Nebraska took the unusual step of directing the U.S. Marshall to located, arrest and incarcerate two pro se debtors found in civil contempt for repeatedly failing to obey orders of a Nebraska bankruptcy court.  The case is In re Berg, No. [more]
Tags: Bankruptcy Blogs, BankruptcyFraudResourceCenter, Recent Decisions

Rakuten refiles with FDIC for ILC charter

05/29/2020 The Japanese e-commerce giant is taking another run at a U.S. banking charter after receiving feedback from the Federal Deposit Insurance Corp. about its initial application, which was withdrawn earlier this year. [more]
Tags: Bankruptcy Blogs, BankThink, Deposit insurance, FDIC, ILCs, Nonbank

Credit card lenders clamp down to mitigate coronavirus risk

05/29/2020 Since March, issuers have tightened their criteria for opening new accounts and closed millions of existing ones in hopes of avoiding waves of defaults. [more]
Tags: Bankruptcy Blogs, BankThink, Capital One, Citigroup, Consumer lending, Coronavirus, credit cards, Discover Financial Services, Synchrony

PPP loan forgiveness, BofA’s cost cutting, Amex’s cloud commitment: Top stories of the week

05/29/2020 The SBA issues guidance on Paycheck Protection Program loan forgiveness; after staffing up for PPP, Bank of America may need to delay investments to meet cost targets; American Express has leaned hard on cloud tech to help employees work at home during the pandemic. [more]
Tags: American Express, Bank of America, Bankruptcy Blogs, BankThink, Capital requirements, Citizens Financial, Cloud Computing, Delinquencies, foreclosures, Paycheck Protection Program, SBA

6 key Senate races for bankers to watch

05/29/2020 Several Senate Banking Committee members from both parties are facing tough reelection challenges in a year when control of the entire chamber — and the banking policy agenda — may be up for grabs. [more]
Tags: Alabama, AML, Arizona, Bankruptcy Blogs, BankThink, Election 2020, georgia, Marijuana banking, Mitch McConnell, north carolina, Regulatory reform, Senate Banking Committee

Fed policies ‘absolutely’ don’t add to inequality, Powell says

05/29/2020 Chairman Jerome Powell said the Federal Reserve's actions during the coronavirus outbreak have been aimed squarely at helping U.S. workers, not Wall Street or wealthier Americans. He also said Friday that a new lending program geared toward middle-market firms is "days away" from getting up and [more]
Tags: Bankruptcy Blogs, BankThink, Coronavirus, Federal Reserve, Jerome Powell, Policymaking, Under-served populations

The reasons some banks have a hard stop on PPP lending

05/29/2020 Many lenders are paying close attention to liquidity and capital ratios. Others are trying to avoid overtaxing employees who process, service and handle forgiveness of the loans. [more]
Tags: Bankruptcy Blogs, BankThink, Capital, Coronavirus, Liquidity, Paycheck Protection Program, Small business lending

OCC finishes rule meant to sidestep 'Madden' ruling

05/29/2020 The new regulation is intended as a workaround for banks affected by the 2015 decision that created legal uncertainty for loans sold across state lines. [more]
Tags: Bankruptcy Blogs, BankThink, Brian Brooks, FDIC, interest rates, Marketplace lending, Midland Funding v Madden, Nonbank, OCC, Regulatory relief, State regulators