Bankruptcy Blogs

Payday Loan Crackdown Hurts Fight Against Terror

12/17/15

The Consumer Financial Protection Bureau's payday loan proposal threatens many money services businesses on the front lines of stopping money-laundering and terrorist financing.

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Dear FHA, Ignore the Doubters

12/17/15

Now is not the time for the Federal Housing Administration Â-- which has stayed strong amid turmoil Â-- to reduce its market share.

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Morning Scan: Fed's Rate Hike Implications Scrutinized

12/17/15

Receiving Wide Coverage…

It Finally Happened: And in the end it was unanimous. After more than half a decade the Federal Reserve finally raised interest rates, setting the federal fund rate target range to between 0.25% and 0.50%. To raise rates, though, the Fed has come to rely on a new tool, its so-called "overnight reverse repo" program (RRP), the Financial Times notes. Through the RPP, approved counterparties offer cash loans in exchange for Treasuries under...

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Home-Services Startup Homejoy Files for Bankruptcy

12/17/15

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Homejoy Inc., a house cleaning and repairs start-up that hired David Hasselhoff to star in a commercial, has filed for chapter 11 bankruptcy.

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Colt Defense Wins Chapter 11 Plan Confirmation

12/17/15

Connecticut gun manufacturer Colt Defense LLC won confirmation of its chapter 11 bankruptcy plan. Read the Daily Bankruptcy Review article here.

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What Do Rising Interest Rates Mean for Restructuring?

12/16/15
Federal Reserve Bank Chair Janet Yellen held a news conference Wednesday in Washington, where she announced that the Fed will raise its benchmark interest rate for the first time since 2008.
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Western New York Newspaper Chain Files for Bankruptcy

12/16/15
A New York newspaper chain blamed its bankruptcy filing on last year’s mega-snowstorm.
How Hwee Young/European Pressphoto Agency

A chain of 24 local newspapers across western

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Fed's Plan for Unwinding Behemoths Won't Cut It

12/16/15

The central bank's "total loss absorbing capacity" proposal must be reworked to ensure that costs of huge failures don't fall on society at large.

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Let's Start from Scratch in Designing Products for Unbanked

12/16/15

Developing banking solutions for lower-income consumers means getting to the heart of the financial volatility they face trying to make ends meet.

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Morning Scan: All Eyes on the Fed; Banks Bet on Oil Rebound

12/16/15

Receiving Wide Coverage…

All Eyes on the Fed: Today's the day. Observers expect an announcement at the close of the Federal Reserve's Federal Open Market Committee meeting that will end the era of zero interest rates. The experiment with zero interest rates has neither been a complete disaster nor caused huge leaps in economic growth, the Wall Street Journal comments. But changing a not-entirely-successful policy has its own risks, of course. Raising interest rates isn't as...

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