2021-02-23
On February 22, 2021, Evergreen Gardens Mezz LLC, a Brooklyn-based real estate entity, filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the Southern District of New York (Case 21-10335). The company
Read More from: Bankruptcy and Restructuring Law Monitor
2021-02-23
Introduction In a recent decision, the U.S.
Read More from: Business Finance & Restructuring News - Weil
2021-02-23
Mark Lindsay, Esq. Partner at Bernstein-Burkley, P.C. On December 22, 2020, Congress passed the Consolidated Appropriations Act, 2021 (“CAA”), which was signed into law on December 27, 2020.
Read More from: Bernstein-Burkley, P.C.
2021-02-23
The product — a special class of shares in JPMorgan's Empower money market fund — will initially be distributed by the Harbor Bank of Maryland, Liberty Bank & Trust, M&F Bank and Unity National Bank, according to a statement.
Read More from: BankThink
2021-02-23
Wells Fargo plans to sell its asset management business to two private equity firms, part of Chief Executive Charlie Scharf's efforts to dump nonessential operations and help the bank emerge from years of scandals.
Read More from: BankThink
2021-02-23
Yellen says the tests probably won’t lead to imposing capital requirements or limit dividends; the big banks want a global convergence in financial standards to do business in other countries.
Read More from: BankThink
2021-02-23
“Is there any way to stop the debt collectors without filing bankruptcy? I can’t stand the creditor harassment!” Who can? I get this question all the time. The Fair Debt Collection Practices Act (FDCPA) applies to 3rd party debt collectors.
Read More from: Stop Creditor
2021-02-22
Summary: On September 23, 2019, Mouzon Bass, the president of Ebenconcepts, Inc., which was the Debtor’s former employer, assigned to the Debtor a whole life insurance policy with a cash value of $814,917.00 in consideration for the Debtor’s share
Read More from: NC Bankruptcy Expert
2021-02-22
It would ignore technical glitches plaguing the entire Paycheck Protection Program and could end up delaying loans to larger borrowers who also need relief, bank executives and their trade groups say.
Read More from: BankThink
2021-02-22
Some in the industry are beefing up online educational offerings and enlisting social media ambassadors on college campuses to help recruit younger consumers.
Read More from: BankThink
2021-02-22
Treasury Secretary Janet Yellen said a digital version of the dollar could help address hurdles to financial inclusion in the U.S. among low-income households.
Read More from: BankThink
2021-02-22
From delivering water door to door to turning offices into shelters, bankers in the state have adapted their hurricane-response plans to offer customers and employees relief from the past week's snow emergency and power outages.
Read More from: BankThink
2021-02-22
The Banking Committee will hold a confirmation hearing on March 2 for Rohit Chopra and Gary Gensler.
Read More from: BankThink
2021-02-22
M&T had long coveted the Connecticut regional but couldn't make a deal work. Their merger is the latest example of regional banks joining forces to compete in an industry undergoing rapid transformation.
Read More from: BankThink
2021-02-22
More than a decade after the near collapse of the financial system and the bruising fight over Dodd-Frank put the industry and a Democratic administration in conflict, President Biden and the financial services sector are allied over the COVID-19
Read More from: BankThink
2021-02-22
If policymakers are serious about revitalizing low-income communities, they should require all fintechs and other nonchartered lenders to adhere to the Community Reinvestment Act.
Read More from: BankThink
2021-02-22
Libre by Nexus deceived detainees into believing they owed a monthly charge related to their proceedings before U.S. Immigration and Customs Enforcement, according to a lawsuit filed by the consumer bureau and three states.
Read More from: BankThink
2021-02-22
New data from the state regulator shows gains across several key metrics even as allowances for loan losses surged and the loan-to-savings ratio fell by more than 10 points.
Read More from: BankThink