Bankruptcy Blogs

Five Big Myths About Marketplace Lending

01/28/15

Critics of online alternative lenders argue that their underwriting models are unproven and that a financial crisis could bring the whole industry crashing down. But while Lending Club and other startups may be relatively new to the scene, they're no greenhorns.

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Morning Scan: Thieves Steal Wells Fargo's Gold; Citi to Ease Screening Criteria

01/28/15

Receiving Wide Coverage ...

Gold Rush: Three armed robbers stole historic gold nuggets from Wells Fargo's corporate museum in San Francisco on Tuesday. The masked suspects crashed their sports-utility vehicle into the entrance of the museum and broke into the display case while holding a security guard at gunpoint, according to reports. At an estimated value of $10,000, the nuggets are hardly a staggering haul, but the New York Times notes they have sentimental value: "the...

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De-Risking Threatens Religious Access to Banking Services

01/27/15

A spate of recent account closings at churches and charities suggests that Operation Choke Point and other de-risking directives are causing collateral damage to faith-based organizations.

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The Daily Docket: Caesars Battles Over Bankruptcy Venue

01/27/15
A bronze statue of Caesar is seen at Caesars Palace Hotel and Casino in Las Vegas.
Zuma Press

Creditors of Caesars Entertainment Corp.’s largest unit lin

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What a New Measure of Mortgage Denials Reveals About Credit Access

01/27/15

The traditional method of measuring mortgage denials is fundamentally flawed. Evaluating not just the quantity but also the quality of mortgage applicants can give a clearer picture of actual denial rates.

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Morning Scan: Davos Drama Over Capital Rules; Investors Crave Subprime Auto Loans

01/27/15

Receiving Wide Coverage ...

Pushback Against ECB Rules: Last week's World Economic Forum in Davos, Switzerland, gave European bankers unhappy with stricter capital rules a chance to air their grievances. The Financial Times reports bankers in Davos argued that tough capital requirements will render the European Central Bank's quantitative easing less effective. They say the initiatives work at cross-purposes: QE is meant to encourage investors to take on riskier assets that invigorate the economy, while the...

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Why? Why?

01/26/15

I'm totally with this guy – Hershey's move to keep British Cadbury's products out of the US is un-American. Anyone who has tasted the British version of Cadbury's knows that it's a far superior product.

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The Cryptocurrency That Dare Not Speak Its Name

01/26/15

The Fed appears to have looked at Bitcoin as a means for real-time payments in the banking system but shelved the concept for now.

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