Bankruptcy Blogs

Surprise: State Licensing Laws Could Help Payments Innovation

12/17/14

Rigid state licensing laws have compelled some payments startups to partner with licensed money transmitters in order to get their programs off the ground. That's a good thing.

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Another DBSI Executive Sentenced for Role in Fraud

12/17/14

A fifth DBSI Inc. official will do time for his role in the fraud-driven collapse of the Idaho real-estate firm.

Gary W. Bringhurst, 47 years old, this week was sentenced to five years of probation—including 60 days of intermittent imprisonment—according to federal prosecutors. Last year, he pleaded guilty to conspiracy to commit securities fraud.

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FHFA's Permanent Conservatorship Ignores the Law

12/17/14

The government conservatorship of Fannie Mae and Freddie Mac was never meant to authorize lasting control over the housing sector, according to one of the people who advised Congress on the Housing and Economic Recovery Act.

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Morning Scan: Is the Fed 'Patient'?; B of A, Citi Stumble on Mortgage Settlement

12/17/14

Receiving Wide Coverage ...

Fed's New Patience?: Looking ahead to the Federal Reserve's monetary policy statement this afternoon and Fed Chair Janet Yellen's briefing, the Wall Street Journal and the New York Times offer contrasting views on the million-dollar question of when rates could rise. The Journal says the Fed and Yellen may very well drop from the official statement that the Federal Open Market Committee expects to keep short-term rates near zero for "a considerable...

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Supreme Court Grants Certiorari on Chapter 13 Bankruptcy Appeal Issue

12/16/14

Last week, the United States Supreme Court granted the writ of certiori in the case of Bullard v. Hyde

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American Laser Skincare Customers Not Feeling Pretty

12/16/14

Beauty treatment chain American Laser Skincare abruptly shut its doors last month. Now, some customers say they’re being asked to pay for treatments they never received, while others who say they paid in advance want their money back.

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Tiered Regulation for Banks Is a Tax on Growth

12/16/14

Size-based regulation is designed to curb banks' appetite for growth. This will affect every operational and strategic decision that banks make going forward.

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The Daily Docket: GT Advanced Wins Approval of Settlement With Apple

12/16/14
The new Apple Watch is pictured during an Apple event at the Flint Center for the Performing Arts in Cupertino, California, in this Sept. 9, 2014 file photo.
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