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April 26, 2018 - 0 new headlines

For employees, students to get paid, McNally Smith college building must sell before 2019 - Grand Forks Herald

04/25/2018 Grand Forks HeraldFor employees, students to get paid, McNally Smith college building must sell before 2019Grand Forks HeraldThe downtown St. Paul school abruptly closed in December, leaving employees unpaid for weeks of work, despite taking in $564,000 in prepaid spring semester tuition. Students, [more]
Tags: Liquidation, News

Deal may be near to guide McNally Smith bankruptcy - Post-Bulletin

04/25/2018 TwinCities.com-Pioneer PressDeal may be near to guide McNally Smith bankruptcyPost-BulletinST. PAUL — The McNally Smith College of Music bankruptcy case took what appears to be a step forward Wednesday in federal court. The trustee and the mortgage holder in the case are working on an agreement that [more]
Tags: Cases of Interest, News

For employees, students to get paid, McNally Smith college building must sell before 2019 - TwinCities.com-Pioneer Press

04/25/2018 TwinCities.com-Pioneer PressFor employees, students to get paid, McNally Smith college building must sell before 2019TwinCities.com-Pioneer Press“Time is not on our side,” she said after a status hearing on the bankruptcy case Wednesday in St. Paul. The deal with Exchange Street Partners, which [more]
Tags: 363 Sales, News

Meriden involved in 108 lawsuits - Meriden Record-Journal

04/25/2018 Meriden Record-JournalMeriden involved in 108 lawsuitsMeriden Record-JournalThe budget passed by the Finance Committee cut $75,000 from the law department's litigation and insurance line item, which encompasses insurance deductibles, self-insured retention and settlements, Moore said. “The [more]
Tags: Lawsuits, News

Deal may be near to guide McNally Smith bankruptcy - Minnesota Public Radio News

04/25/2018 Minnesota Public Radio NewsDeal may be near to guide McNally Smith bankruptcyMinnesota Public Radio NewsThe McNally Smith College of Music bankruptcy case took what appears to be a step forward Wednesday in federal court. The trustee and the mortgage holder in the case are working on an agreement [more]
Tags: Cases of Interest, News

Somerset mayor files for bankruptcy after dispute with family over unpaid student loan - KSAT San Antonio

04/25/2018 KSAT San AntonioSomerset mayor files for bankruptcy after dispute with family over unpaid student loanKSAT San AntonioSOMERSET, Texas - Federal court records obtained by the KSAT 12 Defenders confirm that Somerset Mayor Lydia P. Hernandez filed for Chapter 7 bankruptcy this month, a decision her [more]
Tags: Liquidation, News

Types of Bankruptcy — and Which You Should File - The Global Dispatch

04/25/2018 The Global DispatchTypes of Bankruptcy — and Which You Should FileThe Global DispatchHowever, as with all types of bankruptcy, an individual filing under Chapter 7 will see huge impacts on their credit score, making it difficult to get a loan, purchase a car, or open a credit card in the future. In [more]
Tags: Liquidation, News

Hearing set for Palm Drive Health Care District 2014 bankruptcy case - Sonoma West

04/25/2018 Sonoma WestHearing set for Palm Drive Health Care District 2014 bankruptcy caseSonoma WestIn a letter submitted by the “Employees Committee” to Sonoma West Publishers in March 2017, the committee members expressed displeasure with the handling of the bankruptcy case by the district. “Employees, [more]
Tags: Cases of Interest, News

Peter Thiel Can Avoid Gawker Probe, Promises Not to Buy Assets - Bloomberg

04/25/2018 BloombergPeter Thiel Can Avoid Gawker Probe, Promises Not to Buy AssetsBloombergGawker filed for bankruptcy in 2016, blaming a $140 million invasion-of-privacy lawsuit from former pro wrestler Hulk Hogan that Thiel funded. The company accused Thiel of destroying it in revenge for a 2007 article in [more]
Tags: Lawsuits, News

Supreme Court Displays More Pragmatic Approach to the Bankruptcy Code in Merit Management v. FTI Consulting - Lexology

04/25/2018 Supreme Court Displays More Pragmatic Approach to the Bankruptcy Code in Merit Management v. FTI ConsultingLexologyThe Court, by narrowing the “safe harbor” provision of Section 546(e) of the Bankruptcy Code, has opened the door for representatives of bankruptcy estates to use the avoidance powers [more]
Tags: Cases of Interest, News

Blogs

Imagining a world in which credit unions pay income taxes

04/25/2018 Putting aside the spin of both credit unions and banks, we offer some informed predictions about how the financial industry would be reconfigured if the century-old tax break were to disappear. [more]
Tags: Bankruptcy Blogs, BankThink, Community banking, Consolidations, Credit unions, Federal Credit Union Act

John Turner to succeed Hall as Regions Bank's CEO

04/25/2018 Grayson Hall has served as CEO since 2010. He will leave the post in July but remain executive chairman through the end of the year. [more]
Tags: , Alabama, Bankruptcy Blogs, BankThink, C-suite, Commercial banking, Grayson Hall, Regional banks, Regions Bank, Succession planning

Mulvaney’s unexpected gift to Democrats

04/25/2018 Critics of the acting CFPB director have a new line of attack as he takes fire for remarks made at an industry conference earlier this week. [more]
Tags: , American Bankers Association, Bankruptcy Blogs, BankThink, Bernie Sanders, CFPB, Lobbying, Mick Mulvaney, Sherrod Brown, Trump administration

Visa jumps on debit-card spending by credit-averse millennials

04/25/2018 Spending on Visa Inc. debit cards — the favored plastic of the younger set — continues to grow at a faster clip than on credit. [more]
Tags: , Bankruptcy Blogs, BankThink, debit cards, Earnings, Visa

Government accuses LendingClub of misleading borrowers

04/25/2018 The Federal Trade Commission alleges in a lawsuit that the company's "no-hidden-fee" pledge is deceptive. LendingClub says the claims are unwarranted. [more]
Tags: , Bankruptcy Blogs, BankThink, CFPB, Compliance, Consumer lending, FTC, Lawsuits, Lending Club, Marketplace lending, TILA

Banks are from Mars, fintechs are from Venus: Bridging the matchmaking gap

04/25/2018 Established banks and financial startups bring different perspectives to the negotiating table. Better understanding those differences can make the sale of a fintech go more smoothly. [more]
Tags: Bankruptcy Blogs, BankThink, Digital banking, Fintech, Fintech regulations

Pa. bank CEO resigns two weeks before annual meeting

04/25/2018 First Keystone, which gave no reason for Matthew Prosseda's abrupt departure, has formed a search committee to find a permanent replacement. [more]
Tags: Bankruptcy Blogs, BankThink, Community banking, Growth strategies, pennsylvania, Succession planning

Digital bank in a box: Fintech offers branding tool

04/25/2018 Nymbus is offering its bank clients a service to create a digital brand under their existing charter in as little as 90 days. [more]
Tags: Bank technology, Bankruptcy Blogs, BankThink, Digital banking, Fintech, Millennials, Mobile banking, Online banking, Platforms

As M&A rebounds in Atlanta, choice targets become scarce

04/25/2018 Buyers are scooping up many of the market's biggest banks, making it harder for others to gain scale. [more]
Tags: Bankruptcy Blogs, BankThink, Community banking, Consolidations, Correspondent banking, florida, georgia, M&A, north carolina

Gillibrand aims to 'wipe out' payday lenders with postal banking bill

04/25/2018 The New York senator offers legislation to empower U.S. post offices to take deposits and make loans. [more]
Tags: , Bankruptcy Blogs, BankThink, Consumer banking, Consumer lending, finance, Finance, investment and tax-related legislation, investment and tax-related legislation, Senate Banking Committee