Bankruptcy Blogs

Morning Scan: Cordray on Treating Customers; Foreign Banks Unprepared

08/15/16

Wall Street Journal

GE sells French mortgages: General Electric received a binding offer for its French prime mortgage portfolio from a newly established French entity backed by an Austrian bank. The deal increases GE Capital's asset sales to about $192 billion, close to its goal of selling $200 billion as part of its plan to disband its GE Capital unit. The deal is expected to close in the fourth quarter. ...

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Uber Helps Me Revise My Contracts Syllabus

08/14/16

I've been meaning to post about this recent decision, by Judge Rakoff in the Southern District of New York, denying motions by Uber and its CEO Travis Kalanick to compel arbitration of a class action lawsuit.

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Clawing Back Tuition Payments

08/13/16

Are tuition payments for an adult child's education, while the parents are insolvent, constructively fraudulent? As the WSJ reported this week, Bankruptcy Judge Hoffman (D. Mass.) recently held that they are not. But other courts have disagreed.

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How to Tame the Wild West of Marketplace Lending

08/12/16

Online alternative financing can be an efficient source of capital for small businesses, but it can also be predatory, especially to unaware and inexperienced borrowers.

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Flashback: The Dawn of Mobile Banking

08/12/16

In 2008, the smartphone revolution had begun but there were no mobile-first banks and brick-and-mortar institutions were still watching whether mobile banking would actually catch on with consumers.

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Morning Scan: World Economic Forum Endorses Blockchain; Late Heloc Payments

08/12/16

Wall Street Journal

Another mortgage bill comes due: More homeowners are missing payments on the home equity lines of credit they took out 10 years ago as the lines reset to include principal payments, not just interest. That can lead to a huge payment shock totaling hundreds of dollars a month for which many homeowners find they aren't prepared. The 30-day delinquency rate on Heloc balances that were originated in early 2006 jumped to 4.4% from...

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Conference and Call for Papers: Consumer Protection and Economic Development, 25 Years of the International Association of Consumer Law

08/11/16

A Conference celebrating the 25th year of International Association FO Consumer law will be held July 16 to 19, in Porto Alegre (UFRGS), Brazil. The The purpose of the Conference is to provide a forum where leading international scholars, practitioners, representatives of the consumer organization, public authorities and business representatives can join to present and discuss together the fundaments, the challenges and the future of consumer protection worldwide.

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Women in Banking: The Trouble with Leading a Turnaround

08/11/16

Carrie Dolan steps down as CFO of Lending Club. All eyes are on Marissa Mayer's next move as the Yahoo-Verizon deal plays out Â-- and speaking of women righting ships: Mary Hines talks about reviving Citi's loyalty program.

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Wamu's Collapse Wouldn't Have Happened with Today's Regulatory Landscape

08/11/16

Those wanting to break up banks act as though policymakers had no regulatory response to the crisis, but hereÂ's an illustration of how actual reforms would have prevented a large failure.

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Time for Online Lenders to Get Serious About Disclosure Boxes

08/11/16

Small-business owners are struggling to understand the cost of loans sold by marketplace lenders. To remedy this, the industry must embrace a disclosure box that includes these five principles.

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