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Are you facing foreclosure? If so, you’re not alone, it’s more common in New Jersey than many realize. In fact, we have more active foreclosure cases than any other state in the U.S. It’s a sad reality, and a big part of it is the legal procedures in place. If your house has gone into......
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The post What Are Home Foreclosure Adjournments and How Many Can Be Used? appeared first on Law Office of Joel R. Spivack.

1 week 5 days ago

Research shows most consumers would prefer more options to pay down their debt early. Here’s why it would also help banks.

Read More from: BankThink

1 week 5 days ago

Marcus and the Apple credit card accounted for 3% of the bank’s profit in the first three quarters of 2019, despite a multibillion-dollar investment in consumer operations; the senator’s plan would make it easier to expunge debt.

Read More from: BankThink

1 week 5 days ago

In re Winters, 604 B.R. 54 (Bankr. D. Utah 2019) – A chapter 7 debtor contended that a mortgage creditor’s postponement of a scheduled nonjudicial foreclosure sale after receiving notice of the debtor’s bankruptcy constituted a violation of the automatic stay. … Continue reading

1 week 5 days ago

Policymaking has moved at an agonizingly slow speed compared with the exponential growth of technology, leaving regulators and lawmakers facing a huge task over how to keep up. 

Read More from: BankThink

1 week 6 days ago

Native American leaders are cheering the proposal, which would give banks Community Reinvestment Act credit for making loans made on reservations, even if the lands sit far outside their assessment areas.

Read More from: BankThink

1 week 6 days ago

Banks will have plenty of developments to follow this year, from Big Tech's evolving foray into the industry to data disputes and increased competition from digital-first challengers.

Read More from: BankThink

1 week 6 days ago

Today, Senator Elizabeth Warren unveiled her new plan to reform the consumer bankruptcy system. The plan is simple, yet elegant. It is based on actual data and research (including some of my own with Consumer Bankruptcy Project co-investigators Slipster Bob Lawless, former Slipster, now Congresswoman Katie Porter, and former Slipster Debb Thorne). Most importantly, I believe it will make the consumer bankruptcy system work for American families. And, as a bonus, it will tackle the bad behavior that big banks and corporations currently engage in once people file, like trying to collect already discharged debts, and some non-bankruptcy financial issues, such as "zombie" mortgages.

Read More from: Credit Slips

1 week 6 days ago

Clients will have an active role in testing new products and services at the regional giant formed by the merger of BB&T and SunTrust, says Chairman and CEO Kelly King.

Read More from: BankThink

1 week 6 days ago

The agency's new leader began her career as a part-time night-shift package handler for UPS in Chicago.

Read More from: BankThink

1 week 6 days ago

Comerica Bank won another five-year contract from the Treasury Department to run the prepaid Direct Express card program despite criticism of how it handled past fraud cases and customer service blunders.

Read More from: BankThink

1 week 6 days ago

A recent bankruptcy court decision out of the United States Bankruptcy Court for the Central District of California, In re Verity Health Sys. of Cal., Inc., Case No. 2:18-bk-20151 (ER) (Bankr. C.D. Cal. Nov. 27, 2019), is a good reminder of how difficult it is for a purchaser under an asset purchase agreement to get out of the deal by invoking a Material Adverse Effect clause (also known as a Material Adverse Change clause) (an “MAE”). Difficult, but not impossible, as we reminded our readers in a prior blog post: There is Such a Thing as a “Material Adverse Effect:” Delaware Court Supports Buyer’s Right to Terminate. It may be even more difficult for a purchaser to terminate an asset purchase agreement in a bankruptcy situation in comparison to other contexts because there is already a court with knowledge of the facts that will be ready to enforce the agreement against the purchaser without a requirement to initiate a new lawsuit or develop the facts in depth.

1 week 6 days ago

Iranian hackers have a history of targeting U.S. banks. Security experts discussed how bankers can prepare themselves if such attacks are renewed as part of a response to the killing of Qassem Soleimani.

Read More from: BankThink

1 week 6 days ago

The company, which has agreed to buy Marquis Bancorp, could use some of the proceeds to fund growth and pay off a line of credit.

Read More from: BankThink

1 week 6 days ago

In his new role, Chubak will oversee all of Citigroup’s retail channels, product management and client segments.

Read More from: BankThink

1 week 6 days ago

The Department of Housing and Urban Development has proposed an overhaul of an Obama-era rule meant to guide local jurisdictions in how they comply with the Fair Housing Act.

Read More from: BankThink

1 week 6 days ago

Sidhu, who co-founded the digital-only unit of Customers Bancorp, replaces her father, Jay, who will remain executive chairman. The bank is also rolling out a new service that allows direct-deposit to customers to access their paychecks two days before they are paid.

Read More from: BankThink

1 week 6 days ago

Both know a superior customer experience is business critical, and key competitive advantage.On February 4 at 2pm ET, learn first-hand from executives at an investment firm, an insurance firm, and a property and casualty company about their leading customer services strategies.

Read More from: BankThink

1 week 6 days ago

Some banks and fintechs have already introduced pet-friendly policies in the office. Here are five reasons why it works.

Read More from: BankThink

1 week 6 days ago

On the surface, attorney Stuart Maples is a highly respected bankruptcy and business attorney who practices throughout Alabama.  He is, of course, all that, but indulge me as I paint a picture of how I see Stuart in my mind, in light of my knowledge of my law partner, Brad Botes’ background.  Please note that this borrows from and takes liberties with the cinematic classic, “Animal House.”

GREG: l’m not going to say Omega’s the best house on campus… but a lot of outstanding guys figure they’ll pledge Omega or won’t pledge at all.

Read More from: Bonds & Botes, P.C.

1 week 6 days ago

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