Bankruptcy Blogs

Tarp was not a bailout, and the government's profit was huge

05/16/17

The fact that the Troubled Asset Relief Program made billions is of no help to the thousands of banks that suffered, and are still suffering, from the grossly unfair rollout.

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SoFi scales up wealth business in bid for more wallet share

05/16/17

The Silicon Valley lender that caters to affluent millennials has ambitions to become a one-stop shopping destination for financial services.

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Fintech worldwide; AIG's new CEO

05/16/17

Updates on fintech in Brazil, China and Britain; Brian Duperreault promises to grow the insurance giant, not break it up.

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Millenium Lab Holdings – Ruling on Third Party Releases Highlights Continuing Constitutional Questions Regarding Power of Bankruptcy Courts

05/16/17

In Millenium Lab Holdings, Delaware District Court Judge Leonard Stark, on an appeal from a bankruptcy court order confirming a plan of reorganization, recently upheld a challenge to the bankruptcy court’s constitutional authority to release claims against non-debtor third parties under the plan.  Judge Stark’s opinion demonstrates the extent to which the constitutional questions raised by the Supreme Court six years ago

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Philadelphia Fed President Harker on the 'anxious optimism' of the Trump economy

05/16/17

Philadelphia Federal Reserve Bank President Patrick Harker sat down with American Banker to talk fintech, financial regulation and the economy.

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Midland Got It Right (Sort Of)

05/15/17

The Supreme Court got it right in Midland Funding LLC v. Johnson, which holds that it is not a violation of the Fair Debt Collection Practices Act to file a proof of claim in a Chapter 13 bankruptcy based on a debt whose statute of limitations has expired.  

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Is TCF jumping from 'frying pan into the fire’ by holding, not selling, car loans?

05/15/17

The Minnesota company recently announced that it would stop selling auto loans since credit quality concerns have slowed investor demand, but it is unclear whether its plan to keep all its car loans on its books is less risky.

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How a N.J. community bank ended up in a political and social media firestorm

05/15/17

Lakeland Bank in Oak Ridge, N.J., found itself deluged by hundreds of angry tweets and Facebook posts Monday after a former bank executive cited pressure from a top House Republican in her resignation.

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SoFi’s bid to become an industrial bank pulls FDIC into fintech fray

05/15/17

The deposit insurer has stayed out of the debate over how to regulate the online lending industry. But that may be about to change.

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What banks should learn from WannaCry

05/15/17

Up-to-date operating systems, anti-phishing tools and good backup should keep banks safe from ransomware. Can your bank check off those boxes?

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