Bankruptcy Blogs

CFPB Plan Will Halt Traditional Lenders' Small-Dollar Loan Progress

06/16/16

The prospect of banks and credit unions meeting small-dollar loan demand is at risk under the Consumer Financial Protection Bureau's restrictive proposal.

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Bernard Madoff Investors to Receive Another Payout

06/16/16

[wsj-responsive-image P="//art.wsj.net/api/photos/34646708/smartcrop?height=499&width=749" J="//art.wsj.net/api/photos/34646708/smartcrop?height=639&width=959" M="//art.wsj.net/api/photos/34646708/smartcrop?height=853&width=1280" caption="Bernard Madoff on Jan. 14, 2009" credit="Associated Press" placement="Inline" suppressEnlarge="false" ]

Bernard Madoff’s cheated investors will receive another multimillion-dollar payout, bringing their total recoveries since the collapse of his Ponzi scheme to nearly $9.5 billion.

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Digital Bank Marketing: It's All About the Content

06/16/16

As banks try to acquire new customers via digital channels, they should add content marketing strategies into their lineups.

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Caesars Wins Bondholder Battle Reprieve

06/16/16

[wsj-responsive-image P="//art.wsj.net/api/photos/38736207/smartcrop?height=499&width=749" J="//art.wsj.net/api/photos/38736207/smartcrop?height=639&width=959" M="//art.wsj.net/api/photos/38736207/smartcrop?height=853&width=1280" caption="The marquee at Caesars Palace shows a tribute to boxing legend Muhammad Ali on June 3 in Las Vegas" credit="Getty Images" placement="Inline" suppressEnlarge="false" ]

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Morning Scan: Home Depot Plays Chip Card in Suit vs. Card Networks

06/16/16

Receiving Wide Coverage…

No Rate Hike. Wall Street Journal, New York Times, Financial Times, Washington Post.

Eternal Feud: It's the banking sector's version of the Hatfields and the McCoys: the merchants and the card companies are at it again. And this time, there's a tech twist.

Home Depot has filed an antitrust lawsuit against Visa and MasterCard, charging that retailers pay too much on transactions from debit and credit cards and that the card issuers are in cahoots...

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“How Is My Chapter 13 Plan Payment Determined?”

06/16/16

man asking holding question markThe most important thing my Chapter 13 clients want to know is how much their Chapter 13 Plan payment will be. They ask this question at our initial meeting, before their case is filed, and during the period before their Chapter 13 Plan is confirmed. Of course. It is probably the most important factor in whether their case will be a success.

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Screen Scraping vs. APIs Is a Sideshow. Here's the Real Battle

06/15/16

Instead of fighting to own customer data, banks need to embrace a new model: becoming personal data banks that help customers do more than manage money.

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Banks Stay Out of the Privacy Debate at Their Own Peril

06/15/16

If banks don't weigh in on an appropriate privacy standard, they risk letting outside events spark onerous new regulations.

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Morning Scan: Synchrony Rattles Markets; Flash Boys Redux

06/15/16

Receiving Wide Coverage…

Credit-quality alert: How are the consumer credit markets doing? To quote the Magic 8-Ball: "outlook not so good."

Synchrony Financial, the largest U.S. issuer of private-label credit cards, said Tuesday that its chargeoff rate is likely to rise by 20 to 30 basis points over the next year, as some borrowers struggle to get on top of overdue payments. Wall Street Journal, Financial Times ...

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Martin Shkreli Gets Reduced Role in KaloBios

06/15/16

[wsj-responsive-image P="//art.wsj.net/api/photos/38149093/smartcrop?height=499&width=749" J="//art.wsj.net/api/photos/38149093/smartcrop?height=639&width=959" M="//art.wsj.net/api/photos/38149093/smartcrop?height=853&width=1280" caption="Martin Shkreli exits federal court on May 3 in the Brooklyn borough of New York City." credit="Getty Images" placement="Inline" suppressEnlarge="false" ]

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