ABI Blog Exchange
Amid negotiations with Synchrony Financial over the potential purchase of a $10 billion portfolio, Capital One's Richard Fairbank indicated Wednesday that he is willing to walk away.
Read More from: BankThink
Democrats on the House Financial Services Committee are expected to shine a spotlight on Trump-appointed regulators, but that light might shine brightest on one agency in particular.
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The recent decision by the Fifth Circuit Court of Appeals in In re Provider Meds, L.L.C. is a stark reminder to chapter 7 trustees that they have an affirmative obligation to examine a debtor’s assets. A trustee’s failure to conduct a sufficient and timely examination may deprive the estate of significant value.
Read More from: eSQUIRE Global Crossings
More and more retirees are filing for bankruptcy due to several reasons. Disappearing benefits, rising medical costs, planning inadequately, increasing caretaker expenses, and declining income are a few of the major causes. More seniors are not only filing for bankruptcy, but they also are representing a larger percentage of filers. In 1991, only 2% of bankruptcy filers were 65 years or older. Now, more than 12% of bankruptcy filers are seniors, up 10% in less than thirty years.
The post More Retirees Are Filing for Bankruptcy appeared first on Tucson Bankruptcy Attorney.
Read More from: Trezza & Associates Bankruptcy Attorneys
While equity prices drop an average 5% at big banks, bosses express confidence in the U.S. economy; the bank appoints new managers in payments, consumer banking and marketing.
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Since banks are under constant attack by hackers, the startup XM Cyber is offering them a simulator that seeks to do its virtual worst in order to prevent a real breach.
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The CFTC's plan to walk back rules for swap-trading platforms will give big banks a leg up and hurt asset managers looking for better prices and more transparency, according to Citadel Securities, one of the world's biggest trading firms.
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Mike Walsh, former CEO of Jefferson County Bancshares, has become a director at St. Louis Bank.
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Home prices are rising and first-time buyers now account for an increasing share of sales, factors that could lead to a surge in defaults during the next economic downturn.
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Reps. Lacy Clay and Emanuel Cleaver, both from Missouri, have shown interest in running the panel that could be a focal point in efforts to reform Fannie Mae and Freddie Mac.
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Speaking at an investor conference Wednesday, John Turner said that sellers’ asking prices are too high and that Regions would prefer to buy a nonbank that could help boost fee income.
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Bank and credit union regulators issued a statement giving institutions the go-ahead to try artificial intelligence and other emerging tech to detect money laundering. It's just what some institutions have been waiting for.
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The company also expanded the responsibilities of Chief Administration Officer Andrea Smith.
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As we all know, the holiday season can be one of the most stressful times of the year. The added pressure of trying to buy gifts for family and friends can push an already strained budget to the breaking point. With the tax filing season fast approaching, it can be tempting to consider taking out a tax refund loan, but there are some important points to keep in mind.
What is a Refund Anticipation Loan?
These types of loans have become increasingly popular and are offered by several of the nationally known tax preparing agencies. They promise to get your refund quickly in the New Year. The technical term for these loans is a Refund Anticipation Loan.
Essentially you borrow against what you expect to receive as your tax refund for that year. When your refund is paid out by the government, then the agency that loaned you the funds is repaid with your refund. This can be a risky venture if you’ve had large changes in the previous year or if you’ve had many different income sources.
Read More from: Bonds & Botes, P.C.
Oftentimes, I am contacted by individuals who have been denied long term disability benefits. When questioned further, they are often unaware of the individual policy provisions. While many ERISA based (employer based) policies often delineate the terms providing little room for input from the employee, in some instances, parties have purchased individual policies which gives […]
The post Long Term Disability (ERISA) Policies and Provisions Explained appeared first on .
Read More from: Young, Marr & Associates
Bankruptcy is a very effective means of addressing many different types of debts and collection activities. One question that frequently arises in bankruptcy is what can be done about tax debt? In determining how a tax debt will be treated in bankruptcy, your attorney will look at several things. First and foremost your bankruptcy attorney […]
The post Can You File Bankruptcy on Back Taxes in Pennsylvania? appeared first on .
Read More from: Young, Marr & Associates
With funding from the Investor Responsibility Research Institute (IRR), the Sustainable Investment Institute (Si2) reviewed the current state of companies’ sustainability reporting and found that although most S&P companies gave sustainability information, they followed a wide range of practices. The websites of 92% of S&P 500 companies included disclosure on sustainability, but only 395 companies (78%) issued reports. Within those reports, 357 companies provide environmental metrics and 320, social data. Other findings include:
Most reports can be downloaded, although companies often provide dynamic website information. Discrete reports in downloadable time-bound form were favored by 68% of companies, updated annually by 93% of those companies, while 9% of companies overall offered web-only information that could change at any time.
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Read More from: Davis Polk Briefing: Governance
When: Effective January 1st, there is new help for Chapter 7 debtors who owe money to the City of Chicago for parking tickets and related fines. A new Ordinance, sponsored by Mayor Emanuel provides in part that: Payment Plan: An eligible bankruptcy debtor may establish a payment plan to repay fines that were incurred within+ Read More
The post City of Chicago’s New Ordinance Regarding Parking Tickets appeared first on David M. Siegel.
Read More from: David M. Siegel | Chicago Bankruptcy Law
Reverend C.T. Walker Housing Dev. Fund Corp. v City of N.Y., 586 B.R. 534 (E.D.N.Y. 2018) – A bankruptcy court denied a debtor’s motion to sell real property and granted a motion for relief from the automatic stay in a related … Continue reading
Read More from: Bankruptcy-RealEstate-Insights
The online lender has acquired NextGenVest, which uses AI and text messaging to advise high school and college students about getting loans. CommonBond’s goal is to better understand the distinctly different demographic group rising behind millennials.
Read More from: BankThink