Bankruptcy Blogs

Identity Pros Need Their Own Industry Association

12/21/16

With identity management now established as a distinct industry, it needs an organization to nurture its practitioners like those that exist for the privacy and security sectors.

[more]

Morning Scan: Crack Down on Student Borrowers; More Criticism for Wells

12/21/16

Receiving Wide Coverage ...

Collecting: The federal government is increasingly garnishing student loan borrowers' Social Security checks to recover unpaid student debt "most of it borrowed years ago to cover their own educations but some used to pay for their children's schooling," according to a report from the Government Accountability Office. Since 2001, the government has collected more than $1 billion from Social Security recipients of all ages to cover unpaid student loans, with $171 million...

[more]

California Measure: A Glimmer of Hope for Legal Pot Banking

12/20/16

Following the passage of the November ballot initiative, it is hugely important that cannabis businesses in the nation's largest state be able to secure bank accounts, at a minimum.

[more]

Risk Weights or Leverage Ratio? We Need Both

12/20/16

The banking system ultimately needs a balanced approach to capital, which allows banks to efficiently function while also maintaining financial stability.

[more]

Morning Scan: Hedge Fund Execs Nabbed; Lloyd's Buys BofA's UK Credit Cards

12/20/16

Breaking News This Morning ...

Deal: Lloyds Banking Group agreed to buy Bank of America's U.K. credit card business, called MBNA Limited, for about $2.4 billion. The deal, which includes about $8.7 billion in assets, would boost Lloyd's share of the British card market from 15% to 26%, about the same share as market leader Barclays. "The deal culminates years of upheaval and reorganization at the bank, which the British government bailed out in the middle...

[more]

Flashback: Long Before Watson, Banks Explored AI

12/19/16

The appeal of information pathways such as the internet were seen as possibly bringing about a "comeback" for artificial intelligence in financial services Â-- in the 1990s.

[more]

It's Time for an Office of National Housing Policy

12/19/16

One step the government can take is to create a unified office dedicated to housing finance and policy to streamline existing agencies and programs and make them more efficient.

[more]

Morning Scan: Blankfein Still Reigns; Digital Is Booming

12/19/16

Receiving Wide Coverage ...

Still in charge: Almost forgotten in last week's senior management shakeup at Goldman Sachs is that the man who fills the corner office is still there and not going anywhere. "While Goldman [last] week underwent its most dramatic management reshuffling in a decade, Lloyd Blankfein remains firmly ensconced as chief executive — and appears likely to stay, having outlasted an impatient deputy and effectively restarted the clock on his new successors-in-waiting," the...

[more]

Fake News, Special Carrie Sheffield CFPB Edition

12/19/16

The "fake news" phenomenon has gotten a lot of attention of late, but there's also the problem of its kissing cousins, faux academic research and opinions piece that springboards off of fake news and faux research.  A comically bad example of the latter category is the hatchet job Carrie Sheffield tries to pull on the CFPB in a piece on Salon.com.

[more]

Social Security Income: Invisible Money Bankruptcy Cannot Touch.

12/18/16

Do not count Social Security Income or Supplemental Security Income when calculating disposable income for debt repayment.

Bankruptcy requires an evaluation of one’s ability to pay existing debt. This article discusses why Social Security Income and Supplemental Security Income is not used for repayment of debt in Chapter 7 and Chapter 13 forms of bankruptcy.

[more]