Bankruptcy Blogs

LendingClub agrees to settle shareholder litigation for $125M

02/20/18

The online lender continues to contend with the fallout of a 2016 scandal that led to the ouster of its founder and CEO.

[more]

Did banks’ KYC controls fail in Russian efforts to swing election?

02/20/18

Foreign operatives' alleged use of fraudulent financial accounts to try to influence the U.S. political system shows again how difficult it is for banks to truly know their customers.

[more]

As 10 year Treasury yields spike, local mortgage rates will matter more

02/20/18

As inflation fears put upward pressure on 10-year Treasury bonds and mortgage rates nationally, borrowers could start to take more notice of what lenders are charging them locally.

[more]

Call for bank crackdown on gun sales is deeply misguided

02/20/18

The New York Times' Andrew Ross Sorkin wants banks and credit card companies to effectively ban assault gun sales if Congress won't. It's a dangerous idea. Here's why.

[more]

Despite careful planning, TD Bank fumbles online banking upgrade

02/20/18

Scores of customers have been unable to use digital channels to access accounts for more than a week, and many have taken to social media to voice their displeasure with TD’s response to the outage. The lesson for other banks: Test new platforms, and test them again, before making them live.

[more]

Fifth Circuit Report: 4th Quarter 2017

02/20/18
The fourth quarter of 2017 was another slow period for Fifth Circuit opinions dealing with bankruptcy.  There was only one published opinion and there were several opinions that I found on the Fifth Circuit's page but were not in LEXIS.  Nevertheless, here they are for your consideration.   The cases cover mootness, standing, and verbal statements about financial condition.
[more]

People’s Pre-Bankruptcy Struggles -- New Paper from the Consumer Bankruptcy Project

02/20/18

The current Consumer Bankruptcy Project (CBP)’s co-investigators (myself, Slipster Bob Lawless, and past Slipsters Katie Porter & Debb Thorne) just posted to SSRN our new article (forthcoming in Notre Dame Law Review), Life in the Sweatbox.

[more]

Choice Financial in N.D. to enter Minneapolis with Venture Bank deal

02/20/18

Choice, which has a history of acquisitions, is buying a financial institution that largely focuses on business banking.

[more]

Another community bank agrees to sell to a credit union

02/20/18

Superior Choice Credit Union in Superior, Wis., will purchase Dairyland State Bank. It is the second deal announced this year where a credit union plans to buy a bank.

[more]

Beyond ADA: An effort to help the disabled access mainstream banking

02/20/18

A public-private coalition, including Citigroup and disability advocates, is testing financial literacy strategies in New York City that they hope will be used nationwide to improve the financial lives of Americans with disabilities.

[more]