Bankruptcy Blogs

Associated to buy Chicago-area wealth management firm

09/11/17

Associated's agreement to buy Whitness & Co. comes just weeks after the company lined up its first bank deal since the financial crisis.

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Credit unions deserve all of their money back, not just some

09/11/17

The National Credit Union Administration must return all credit union monies that come from merging the insurance and stabilization funds, and halt its proposal to increase the normal operating level for the share insurance fund.

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Equifax data breach has major FinReg consequences

09/11/17

The loss of 143 million consumers' personal data may prompt a regulatory backlash.

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What critics of fintech ILC bids aren’t saying

09/11/17

Many of the arguments in this debate have less to do with the applicants’ qualifications than with traditional banks’ fear of new, innovative competitors.

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Equifax hack sparks probes; mobile apps keep Houston banking

09/11/17

The FBI and at least two states are looking into the data breach; Harvey shut lots of banks, but mobile banking apps keep customers operating.

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Do Sanctions Prevent Venezuela From Restructuring CAC Bonds?

09/10/17

This is a joint post by Mitu Gulati and Mark Weidemaier.

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HH Liquidation Preference Actions Filed in Delaware

09/10/17

Starting on September 5, 2017, the Official Committee of Unsecured Creditors on behalf of the bankruptcy estates of HH Liquidation, LLC and its affiliated debtors (“Debtors”) filed approximately 178 complaints seeking the avoidance and recovery of allegedly preferential and/or fraudulent transfers under Sections 547 and 550 of the Bankruptcy Code.

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Money Center of America – Motion to Dismiss Denied

09/09/17

In a decision signed September 8, 2017 in an adversary proceeding related to the Money Center of America bankruptcy (case 14-10603), Judge Sontchi of the Delaware Bankruptcy Court denied a defendants FRCP 12(b)(6) motion to dismiss a complaint filed in the adversary proceeding 15-50250. Judge Sontchi’s opinion is available here (the “Opinion”).

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Equifax breach: Told. You. So.

09/08/17

Everybody say it with me, “Customer data is a liability.” And the Equifax breach shows why.

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Recruit millennials by lending a hand with student debt

09/08/17

Given that an estimated 44 million Americans graduate with student loans, offering a repayment benefit could be worthwhile for banks trying to recruit millennial employees.

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