Bankruptcy Blogs

Female Bankers Can Overcome Uneven Playing Field

10/01/15

As men and women in banking work toward achieving workplace equality for all, it's important to remember that women can also cultivate opportunities in their individual careers.

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Morning Scan: First Niagara Goes Chip-and-PIN; Student Loan Defaults Down

10/01/15

Wall Street Journal With the EMV liability shift to merchants going into effect Thursday, First Niagara Financial Group is bucking expectations and will roll out chip-enabled credit and debit cards that require customers to use a personal identification number rather than a signature. In the lead up to the liability shift, the card industry has chosen chip-and-signature as its standard, despite concerns that having the chip alone does little to curb card fraud. In instituting chip-and-PINÂ...

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Signature EMV: The Decaf Coffee of Consumer Protection

10/01/15

In updating cards with EMV technology, Visa and MasterCard have neglected an important element of what makes the security standard so successful elsewhere. The need for PIN verification is clear.

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RadioShack Bankruptcy Plan Approved

10/01/15

RadioShack Corp., the fallen electronics retailer that had $1 billion in debt when it filed for bankruptcy in February, won approval of a chapter 11 plan that will distribute liquidation proceeds to creditors. Read the Daily Bankruptcy Review article via The Wall Street Journal.

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Merchants Must Get on Same Page as Issuers for EMV to Work

10/01/15

Many card issuers are well on their way to the migration to chip cards or have a plan to do so. But many merchants are still completely unaware of the shift in fraud liability taking effect Thursday.

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Commercial Landlord Dispute – Dismissal for Cause and the Interplay of Sections 349 and 1112

09/30/15

Not uncommonly, the timing of a commercial tenant’s bankruptcy filing will correspond with a landlord seeking to evict the tenant or institute foreclosure proceedings.  What is the effect of a dismissal requested by a commercial debtor after the landlord has successfully prevailed in the underlying bankruptcy case?  The recent decision of Scarborough-St. James Corporation, case no.

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Judge Puts Milwaukee Archdiocese Settlement to a Vote

09/30/15
Milwaukee Archbishop Jerome Listecki in 2011
Morry Gash/Associated Press

Clergy sexual abuse victims will soon begin voting on a $21 million settlement,

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50 Cent Fights to Keep Underwear Deal Confidential

09/30/15
In this July 20 file photo, Curtis “50 Cent” Jackson attends the premiere of “Southpaw” in New York.
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CFPB Holds Banks to Double Standard on Deposit Discrepancies

09/30/15

The Fed's policy of not adjusting check discrepancies of less than $25 has been in place for many years. Banks should be permitted to establish similar deposit adjustment limits without fearing regulatory sanctions.

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The Examiners: Recalibrate the TIA for Today’s Debt Markets

09/30/15

How does bondholders’ use of the Trust Indenture Act affect companies’ ability to complete out-of-court restructurings?

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