Bankruptcy Blogs

The CFPB's Overly Simplistic Approach to Loan Underwriting

05/13/16

The pervasiveness of consumers' credit problems highlights why the Consumer Financial Protection Bureau's upcoming short-term lending rules should avoid unintended consequences.

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Morning Scan: Cyberthieves Use Swift; HSBC Says No to Iran

05/13/16

Receiving Wide Coverage ... Swift Attack: Swift has reported a second attack involving its messaging system, this time targeting an unidentified commercial bank. Details emerged as investigators continue trying to solve the $81 million cyberheist involving the New York Fed and the Bangladesh central bank. This second attack suggests those behind it were sophisticated in their strategy and did not depend on weaknesses in the Swift system. In both incidents the thieves had at least oneÂ...

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TerraForm Global Feels Heat From Lenders

05/13/16

[wsj-responsive-image P="//art.wsj.net/api/photos/37700261/smartcrop?height=499&width=749" J="//art.wsj.net/api/photos/37700261/smartcrop?height=639&width=959" M="//art.wsj.net/api/photos/37700261/smartcrop?height=853&width=1280" caption="A 20-megawatt photovoltaic solar power generation facility owned by SunEdison is shown in Hemet, Calif. " credit="Reuters" placement="Inline" suppressEnlarge="false" ]

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Opinion in Syntax-Brillian – A Multitude of Lessons

05/12/16

In a 9-page opinion issued in the Syntax-Brillian case on May 11, 2016, Chief Judge Brendan L. Shannon lays out three principles of law that all litigants should know (if they don’t already).  A copy of the Opinion is available on the Court’s website: Here.  The Opinion was issued as a ruling on the motion of Alan Levine for relief from the order accepting the first-day-declaration of Gregory F. Rayburn.

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How Will Blockchain Change Banking? How Won't It?

05/12/16

The distributed ledger technology has an answer for updating every core function of the antiquated financial system.

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A Federal Fintech Regime Should Be Opt-In

05/12/16

Small-scale financial services companies such as storefront lenders and local money transmitters which use technology should have a choice of whether they are regulated by a state or federal regime.

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Morning Scan: More Panama Paper Fallout; Mortgages Go Private

05/12/16

Receiving Wide Coverage ...

Kerry Meets with European Banks: U.S. Secretary of State John Kerry met with European banking leaders Thursday to urge them to increase lawful business ties with Iran and ensure them they won't be punished for doing so. The visit is part of a push to ensure Tehran receives the relief the U.S. pledged in January. Executives at Standard Chartered, HSBC, Barclays, Deutsche Bank, BNP Paribas, Santander, Lloyds Banking Group and Royal Bank...

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What India’s New Bankruptcy Law Means – The Short Answer

05/12/16
Amit Dave/Reuters

What Is India’s New Bankruptcy Code?

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Energy Company Penn Virginia Files For Bankruptcy Amid Oil Slump

05/12/16

Energy producer Penn Virginia Corp. filed for chapter 11 bankruptcy protection Thursday, in the latest oil-patch bankruptcy driven by sustained low energy prices, The Wall Street Journal reports.

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