Bankruptcy Blogs

Why Wells fired consumer finance chief; SIFI ranks fall

11/20/17

Franklin Codel reportedly made “disparaging remarks” about regulators; Zions may seek to have “too big to fail” label removed.

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Noreika’s impact on OCC transcended his ‘acting’ title

11/20/17

Acting Comptroller of the Currency Keith Noreika has been the ultimate disruptor, bucking the normally low-key profile of interim regulators.

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Mulvaney as CFPB head? Five things to know

11/20/17

Mick Mulvaney, President Trump's likely interim head of the CFPB, has taken tough stances on the CFPB, its payday lending rule, housing finance reform and other issues pending before the agency.

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Real Industry Inc. Files for Chapter 11 Bankruptcy Relief in Delaware

11/19/17

On November 17, 2017, Real Industry, Inc., along with its subsidiaries and affiliates (collectively the “Debtors” or “Real Industry”), filed a petition for relief under Chapter 11 in the Bankruptcy Court for the District of Delaware (Case No. 17-12464).

According to the Declaration in Support of First Day Motions of Michael J. Hobey, liquidity issues and certain singular negative events have led to Real Industry’s bankruptcy filing. The Debtors operate an aluminum recycling and alloy production company based in Beachwood, Ohio.

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Cleveland Fed withdraws online lending study after doubts arise

11/19/17

Fed researchers purported to show that consumers who use peer-to-peer loans have bad financial outcomes, but questions quickly emerged about the data they used.

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No 2004 Discovery Allowed When There is a Pending Proceeding

11/18/17

In a short opinion entered November 14, 2017 Judge Gross of the Delaware Bankruptcy Court denied a motion of an interested party to “Attend and Participate in the Rule 2004 Examinations to be Conducted by the Trustee”. Judge Gross’s opinion is available here (the “Opinion”).

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Why Didn't Puerto Rico Use its "Local Law" Advantage to Reduce its Debt?

11/18/17

Good academic workshops are hard to run. I know, because this is a task that I have failed at, and continue to fail at, repeatedly.

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Venezuela's Debt: Is the Game Afoot?

11/17/17

Mitu Gulati & Mark Weidemaier

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Ex-Santander Consumer CEO nets $700M after ouster

11/17/17

The subprime auto lender late Friday provided the final details of its separation agreement with Thomas Dundon, who stepped down two years ago in a leadership shake-up.

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Coinbase positions itself as a digital currency custodian

11/17/17

The startup is betting that a venture offering safe storage of digital assets will entice billions from banks and other institutional investors.

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