Bankruptcy Blogs

Uber Makes 'Top of Wallet' Competition Tougher

07/22/15

Nobody enjoys the experience of making a payment Â-- so a growing number of companies are likely to follow Uber's lead and make transactions so easy they're practically invisible. That means banks will have to ramp up their efforts to become customers' default cards.

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Act Fast to Raise Midsize Banks' Asset Threshold

07/22/15

A growing number of regulators have indicated their support for raising the asset thresholds at which banks face new regulatory requirements. That's welcome news Â-- but time is of the essence in implementing any changes.

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Morning Scan: Shelby in No Rush to Confirm Fed Nominees; Banks to Pay for New Roads?

07/22/15

Wall Street Journal

The Federal Reserve Board will soon be at full-strength for the first time since August 2013, thanks to the nomination of University of Michigan economics professor Kathryn Dominguez. Not so fast my friend, said Sen. Richard Shelby, chairman of the Senate Banking Committee. Shelby said he's in no hurry to schedule confirmation hearings for Dominguez and for the other nominee, ex-Bank of Hawaii CEO Allan Landon. "We're not going to rush to judgment...

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Xcel Brands to Buy C. Wonder

07/22/15

C. Wonder, the apparel, accessory and home goods chain that shut down and filed for bankruptcy earlier this year, may get new life.

Xcel Brands recently said it’s hoping to buy the brand that J. Christopher Burch, the ex-husband of fashion designer Tory Burch, launched after the couple’s split.

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Contractor Wants Baha Mar Tossed From Bankruptcy

07/22/15
Construction of the Baha Mar resort on the beach on New Providence island, Bahamas, July 2014.
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Count Credit Unions Among Dodd-Frank's Collateral Damage

07/21/15

Rolling back unnecessarily burdensome and costly regulations is the only way to ensure credit unionsÂ' survival. To that end, lawmakers should pass a bill that would give credit unions relief from annual privacy notice requirements and grant safe harbor qualified-mortgage status for certain loans held in their portfolios.

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Reform the CFPB to Better Protect Consumers

07/21/15

On the five-year anniversary of Dodd-Frank, it's time to increase accountability and transparency at the CFPB. Congress should start by passing a bill that would overhaul the agency's organizational structure from a single-director model to a bipartisan, five-person commission appointed by each incoming president.

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Morning Scan: Fed Approves Capital Restraints; Michigan Economist Tapped for Fed Vacancy

07/21/15

Receiving Wide Coverage ...

Banks' Capital Restraints: Get smaller, or else. That's the message from the Fed to big banks after the finalization of rules on Monday. The Fed approved a graduated surcharge for globally risky banks and it established capital requirements for GE Capital. Fed Chair Janet Yellen said the capital surcharge rule is designed to reduce the potential for large institutions to fail, or force them to reduce their risk profile. In effect, it...

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A&P Plans to Sell or Close Most Stores

07/21/15

A&P plans to sell or close its remaining stores as part of its return to bankruptcy, spelling its likely demise. Read the Daily Bankruptcy Review article via The Wall Street Journal.

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Congressional Inaction Puts SBA Lending at Risk

07/21/15

If Congress fails to act swiftly, most lending supported by the SBA will shut down for much of the next two months. This would undermine recent strength in a vital component of the American economy.

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