Bankruptcy Blogs

RadioShack Preference Litigation UPDATE

11/27/15

As detailed in this previous post, the Liquidating Trustee appointed to prosecute preference actions in the RadioShack bankruptcy proceeding filed approximately 383 preference actions in late October and early November of this year.

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Student Loan and Mortgage Debt and the Racial Wealth Gap

11/26/15

Forgiving student loan debt for low-income Americans could reduce the racial wealth gap among those households by as much as 50%, according to a new report from Demos and the Institute on Assets and Social Policy.

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Thank You for Not Smearing All Bitcoin Users, BIS

11/25/15

The Bank for International Settlements acknowledges that people may have legitimate reasons to prefer an anonymous payment system.

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Albertsons Buys Back Grocery Stores After Antitrust Misfire

11/25/15
Connie Jodice cleans a section where pre-made foods will go, next to the wet rack, containing fresh produce, inside a Haggen grocery store, formerly an Albertsons, located in Palmdale, on March 23, 2015.
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What's Missing from Payday Lending Debate: Facts

11/25/15

There is no shortage of opinions about payday loans. But the same cannot be said for hard research, which is needed before regulators write new rules for the industry.

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Morning Scan: Fed, FDIC Awaited CFPB's Ally Discrimination Settlement; Fintech Worried About Regulation

11/25/15

Editor's note: Morning Scan will not publish on Thursday, Nov. 26 or Friday, Nov. 27 in observance of the Thanksgiving holiday. We'll be back on Monday, Nov. 30. Wall Street Journal

In-house lawyers at the Consumer Financial Protection Bureau had proof the Federal Reserve and the Federal Deposit Insurance Corp. were eagerly awaiting its report on Ally Financial. That nugget was included in the House Financial Services Committee report, released on Tuesday, that slammed the CFPB for...

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What Would Effective Counseling for At Risk Student Loan Borrowers Look LIke?

11/24/15

As the CFPB and Department of Education and others struggle with how best to provide effective help to at risk student loan borrowers, here is one example of a program that provided these services. For full disclosure I am the chair of the advisory committee of the organization that oversaw and funded the project.

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Fintech Threatens Small Banks More than Crisis Ever Did

11/24/15

The rapid growth of competition from nonbanks has the potential to hit community banks harder than the mortgage meltdown.

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Morning Scan: Fed Looks at Higher Capital Requirements

11/24/15

Wall Street Journal

Shoppers are losing their patience with Black Friday sales, because it's so difficult to figure out what's the best deal on saving money, because of the layers of coupons, flash sales and other discounts. Retailers aren't the only ones at fault. Banks, too, have confused consumers whether a percentage-off deal is better than a dollar amount. Citigroup's Citi Retail Services, the private-label credit card issuer, has tested two offers this season. One gives...

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Bankruptcy Fight May Lift the Veil on Lynn Tilton’s Empire

11/24/15
New York financier Lynn Tilton arrives for an appeal hearing at the U.S.
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