Bankruptcy Blogs

Lawyer: Texas Separatists Considered Buying Mulligan Mint

03/06/14

A Dallas mint in search of a buyer sparked the interest of a Texas separatist group, a lawyer revealed Wednesday in bankruptcy court.

A lawyer who helped market Mulligan Mint Inc.’s Texas plant, which made more than 30,000 coins per month before filing for bankruptcy in September, said he got a verbal offer for the plant from a group called the Republic of Texas.

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UFTA now the UVTA

03/06/14

Am I the only one who didn't know that the National Conference of Commission on Uniform Law recently revised the Uniform Fraudulent Transfer Act in late 2013?

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The Daily Docket: Sbarro Readies for Bankruptcy

03/06/14

: Parker Eshelman/The Wall Street Journal

Pizza chain Sbarro LLC is getting ready to file for bankruptcy as soon as next week, The Wall Street Journal

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The Daily Docket: Sbarro Readies for Bankruptcy

03/06/14

: Parker Eshelman/The Wall Street Journal

Pizza chain Sbarro LLC is getting ready to file for bankruptcy as soon as next week, The Wall Street Journal

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Will 2014 Be the Year the Bureau Takes on Payday Lending? If So, What Data Will They Use in Regulating?

03/06/14

To question number one, it looks that way. According to Kim Chapman and Carter Dougherty at Bloomberg, as well as other news outlets, Director Richard Cordray has announced his intention to move forward with regulations aimed at lenders that make small loans like payday loans, title loans, and installment loans with triple digit interest rates. The question of course is what this “oversight” and “regulation” will look like. Will the rules look something like those in Colorado, which still permits loans of up to 200% in some cases?

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When Small Banks Should Hire a CRO

03/06/14

By assessing internal needs, planning how to deal with the external pressures and weighing the value of a good risk chief, banks can make an informed decision on who guides their risk management program.

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Morning Scan: The 'Emerging Prime' Market; Barclays' Bonus Explanation Falls Flat

03/06/14

Receiving Wide Coverage ...

The Mercurial Subprime Market: New lenders, including Lending Club and Freedom Plus, are servicing the subprime sector, reports the Journal. These entrants are hoping to fill the void left by banks, reluctant to lend to the demographic following the financial crisis (and all the resulting regs.) The Journal notes these firms are lending at interest rates "approaching 10% and sometimes much more Â... a premium above prime loans Â... but less than...

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Regulators Forced Ally's Hand on Unlawful Auto Lending Settlement

03/06/14

It is not right that a creditor be held liable for unintentional discrimination on the basis of less evidence than is required to prove intentional discrimination. Leveraging a settlement on threat of litigation without such evidence is an abuse of power.

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