Bankruptcy Blogs

Fuhu Customers Hope Nabi Tablets Turn Up in Time for Christmas

12/15/15

Kids tech company Fuhu had a terrific Black Friday sales promotion, featuring $149 Nabi-branded tablets for $99.

“It was an incredible deal,” said Samantha Begel of Cape Coral, Fla., who ordered two of the child-friendly computer toys for her children from Nabi’s website. (The tablets are also sold at major retailers.)

But the tablets haven’t shown up, and she said emails and hours on hold on the phone haven’t produced a refund or an explanation.

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Cory Booker Says He Is Lawsuit-Proof in Water Agency Fallout

12/15/15
In this June 10, 2015, file photo, Sen.
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You've Heard of Neobanks, Now Get Ready for 'Challenger' Banks

12/15/15

The United Kingdom has already seen the emergence of mobile-first institutions that have won regulatory approval for a banking charter. It is only a matter of time before they invade the U.S. market.

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Fed's Challenges Go Beyond When to Raise Rates

12/15/15

Fed's Challenges Go Beyond When to Raise Rates
The recent ineffectiveness of Federal Reserve monetary policy and macroprudential rules begs the question whether the Fed needs to revise recent bank regulations, its own mission or both.

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Morning Scan: Markets Antsy Over Rate Hike, Fed Eyes CRE Bubble

12/15/15

Receiving Wide Coverage…

The Anticipation Game: With an expected announcement from the Fed this week that it will raise interest rates, markets and observers have already begun to act in anticipation of the predicted hike.Global stocks began to rise Tuesday in a rebound from recent losses – though they were also helped along by an increase in oil prices.The price of gold also increased, despite the high probability that it will ultimately drop due to a...

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Another Oil Company, Cubic Energy, Files for Bankruptcy

12/15/15

Texas oil company Cubic Energy Inc. filed for chapter 11 protection with a prepackaged plan that would hand control to lenders. Read the Daily Bankruptcy Review article via The Wall Street Journal.

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Bankruptcy Academics Oppose Possible Bond Law Changes

12/14/15
Clouds pass over the U.S. Capitol Building in Washington.
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DIRECTV v. Imburgia Decided, Surprises No One

12/14/15

Earlier I posted about DIRECTV v. Imburgia. To recap the issue: DIRECTV's contract with subscribers (i) required arbitration, (ii) forbade class actions, and (iii) provided for litigation in court if "the law of [the subscriber's] state" refused to enforce the class action waiver. California law refuses to enforce class action waivers in some circumstances, but this law is preempted by the Federal Arbitration Act.

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What's Missing in Fintech? Oh Yeah, Women

12/14/15

For an industry on the precipice of redefining what a bank is and does, there's a disturbing absence of effort to welcome more women.

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