Bankruptcy Blogs

Consumers Lose If CFPB Overshoots on Overdraft

11/10/15

With the CFPB poised to finalize regulations on overdraft fees, it is important to realize how much the product helps informed consumers.

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Bankruptcy Case Asks Supreme Court to Decide: What Is Fraud?

11/10/15
Carolyn Kaster/Associated Press

The fresh start of bankruptcy isn’t available to those who have defrauded their creditors, but how do you define fraud?

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When Rewarding Your Team, Money Isn't Everything

11/10/15

Monetary incentive plans are vital for keeping your best employees, but sometimes other gestures that cost basically nothing make a bigger impact.

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Morning Scan: BofA Takes On Data Aggregators; European Banks Struggle to Heal

11/10/15

Wall Street Journal Bank of America has joined a slew of financial firms to cut off its information from websites and mobile applications that aggregate consumer financial data. Other major banks that have taken such steps include J.P. Morgan Chase and Wells Fargo. Consumers have begun to use these aggregator sites, such as Mint.com, to monitor their multiple financial accounts. But banks are wary to cede any ground to non-bank startups like these, and as reasoningÂ...

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GM Could Face Punitive Damages on Ignition-Switch Lawsuits

11/10/15

A bankruptcy judge said General Motors Co.  can face punitive damages on defective ignition switch lawsuits in certain circumstances.Read the Daily Bankruptcy Review article via The Wall Street Journal.

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Fresh & Easy Section 341 Meeting of Creditors Scheduled

11/09/15

In the Fresh & Easy, LLC bankruptcy proceeding, a Section 341 Meeting of Creditors has been scheduled for Thursday, December 3, 2015 at 10:00 a.m. (ET) at the J. Caleb Boggs Federal Court House, 844 N. King Street, Fifth Fl., Wilmington, DE 19801.

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Don't Lump in Installment Loans with Payday

11/09/15

Traditional installment lenders are fixtures in their communities and verify borrowers' ability to repay, which cannot be said of payday lenders.

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The Ibanez Property Ring

11/09/15

There’s an interesting new article out on the celebrated Massachusetts U.S. Bank v. Ibanez case that suggests that the defendant, Antonio Ibanez, was at the center of a property fraud ring. It's not clear to me that there was anything illegal about Ibanez's activities, but even if there were, I don't think it much matters.  

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Loan-Loss Plan Is Direct Hit on Community Bank Lending

11/09/15

The Financial Standards Accounting Board's proposal to start loss reserves when a loan is originated is antithetical to banks making localized financial decisions.

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Doubts About the Future

11/09/15

Over at Dealb%k, I express my doubts about the future of chapter 11.

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