2020-12-16
On December 16, 2020, In-Shape Holdings, LLC, of Stockton, CA, a health club operator that had operated 65 clubs prior to the Covid-19 pandemic, and two affiliates filed petitions for relief under Chapter 11 of the Bankruptcy Code in the Bankruptc
Read More from: Bankruptcy and Restructuring Law Monitor
2020-12-16
The eurozone’s conditions on resumed payouts are stricter than those announced by the Bank of England; the central bank has joined the international network on limiting climate change risks.
Read More from: BankThink
2020-12-16
Social distancing has put a crimp in the credit union industry's usual philanthropic activities, but many institutions are finding new ways to give back during this festive season.
Read More from: BankThink
2020-12-16
Creditors such as banks and credit unions are generally not considered “debt collectors” under the FDCPA.
Read More from: Krieg DeVault
2020-12-15
A new report from McKinsey says that cost-cutting alone won’t make up for the steep revenue declines brought on by low interest rates and sluggish loan demand. “For some banks,” argues the report’s author, “mergers might be the best way out.”
Read More from: BankThink
2020-12-15
The Independent Community Bankers of America had planned to hold its annual conference in Hawaii before the coronavirus pandemic hit.
Read More from: BankThink
2020-12-15
Columbus Metro Federal Credit Union members will have access to more products, including commercial loan services, and 14 branches with the merger.
Read More from: BankThink
2020-12-15
Federal banking agencies want to give the industry a hard deadline for notifying their regulators about serious security breaches and failed system upgrades.
Read More from: BankThink
2020-12-15
In a very convoluted case, a plaintiff learned that removal to Bankruptcy Court can result in a do-over of adverse state court rulings. Cohen v. Gilmore (Matter of Alabama & Dunlavy), Case No.
Read More from: A Texas Bankruptcy Lawyer's Blog
2020-12-15
Fifth Third is partnering with Provide and Panacea Financial works with Sonabank in Virginia to meet the specialized needs of medical professionals who own their own practices.
Read More from: BankThink
2020-12-15
The revamp of the brokered deposits framework offers relief to banks and their partners that saw the prior rule as outdated.
Read More from: BankThink
2020-12-15
Cardtronics has benefited from a wave of branch closings during the pandemic by partnering with lenders looking to offer their customers access to cash even when a full-scale branch isn’t available.
Read More from: BankThink
2020-12-15
The Federal Reserve said Tuesday that it had joined the Network of Central Banks and Supervisors for Greening the Financial System after participating in discussions with the group for over a year.
Read More from: BankThink
2020-12-15
Treasury Secretary Steven Mnuchin has all but ruled out letting Fannie Mae and Freddie Mac exit U.S. control before he steps down, leaving it to the Biden administration to decide the fates of the mortgage giants.
Read More from: BankThink
2020-12-15
Kelly Schrader will leave the Vancouver, Wash.-based institution on Jan. 1, and Eric Petracca will take over as president and CEO.
Read More from: BankThink
2020-12-15
One of the most common questions debtors ask before filing for bankruptcy is whether they should stop paying their bills or other expenses.
Read More from: Levitt & Slafkes LLC
2020-12-15
The community bank and fintech are offering the first live bank account and debit card that offer rewards in the form of bitcoin.
Read More from: BankThink
2020-12-15
Bankruptcy means test tax projections get more complicated when the year of filing situation looks much different than the last year.
Read More from: Bankruptcy Mastery