Bankruptcy Blogs

Payday Loans Are Not “Cash Advances” Under Bankruptcy Law

01/31/17

Payday loans are a common source of quick cash if you are in trouble.  It’s the local loan shark; you know you should avoid but you can’t.  Sometimes payday lenders think they’re special in bankruptcy court.  They aren’t.

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Amex joins JPMorgan, IBM in hyperledger effort

01/31/17

American Express has signed on to the Hyperledger Project, a industry group of more than 100 members developing blockchain technology for corporate use.

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What Andrew Jackson could tell us about Trump’s banking policy

01/31/17

If President Trump takes a stand against large banks and in support of smaller banks, he would be following the legacy of the nation’s seventh president.

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PNC works capital rules to expand stock buyback

01/31/17

PNC will add an extra $300 million to its stock buyback program, taking advantage of a little-known Fed rule.

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Dems stall Mnuchin confirmation vote with boycott

01/31/17

Democrats boycotted the Senate Finance Committee's planned vote Tuesday on the nomination of Treasury Secretary-designate Steven Mnuchin, temporarily preventing it from moving forward.

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Mortgage bankers offer new vision for housing finance reform

01/31/17

The Mortgage Bankers Association unveiled a new housing finance reform plan on Tuesday designed to kick-start congressional discussions over what to do with Fannie Mae and Freddie Mac.

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What the world's biggest bank bosses say about Brexit exodus

01/31/17

Bloomberg News conducted interviews and reviewed public statements to discover what each major bank is now planning in the wake of Brewxit.

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Bryn Mawr to buy Royal Bancshares of Pennsylvania

01/31/17

Frank Leto, Bryn Mawr’s CEO, called the acquisition of Royal Bancshares of Pennsylvania a “logical choice” for his company.

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Delaware Bankruptcy Judge: A Carve-Out for Fees Is Not a Cap

01/31/17

Judge Christopher Sontchi recently issued an important opinion in the Molycorp chapter 11 case.  He held that a standard carve-out in a financing order for the fees of counsel and other professionals for an official creditors’ committee will not later limit the ability of such professionals to be paid in full under a confirmed plan of reorganization.  As with

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‘Centralized’ blockchain projects are doomed to failure

01/31/17

In time, more large institutions will realize that closed, centralized blockchains aren’t any better than the databases now in use.

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