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The Wells Fargo scandal is an example of what happens when a system requires you to effectively hand over the keys to your identity to strangers as if you were giving them your car keys. Moreover, it is a call to banks to restore trust and become leaders in fixing the ID problem once and for all.

Read More from: BankThink

22 hours 4 min ago

Mary Mack is beginning damage control as she overhauls Wells' sales culture; Dorothy Savarese talks diversity of bank sizes as she becomes chairman of the ABA; and Elizabeth Warren implores the president to demote Mary Jo White. Also, industry manbassadors talk work-life balance and the importance of flexibility for women as Visa's CEO resigns to devote more time to family. And a couple of small activist firms are taking on gender bias at the world's largest companies.

Read More from: BankThink

22 hours 7 min ago

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On Election Day, the Supreme Court will hear argument in the cases of  Wells Fargo v. City of Miami and Bank of America v. City of Miami. At issue is the standing of cities to sue banks for mortgage redlining and reverse redlining.

The history of redlining is well known. Banks, in concert with the housing agencies of the New Deal, drew lines around minority neighborhoods where no home mortgage loans would be made (or backed by federal agencies). Starting in the 1990s and until the 2008 crisis, subprime mortgage lenders, some of them affiliates of major banks, targeted the same minority neighborhoods for high-cost, high-risk loans. Inevitably, the same minority neighborhoods have been devastated by the recent wave of foreclosures.

Read More from: Credit Slips

1 day 1 hour ago

B. Grant McNuttOnce you have attended your 341 Hearing, that is typically the last hearing you as a Debtor will have to attend.  However, your attorney must attend one final very important hearing called the Confirmation Hearing.  The Confirmation hearing is in essence the final stamp of approval if you will on your Chapter 13 Plan by the Judge.

Read More from: Bonds & Botes, P.C.

1 day 2 hours ago

Rather than continuing to invest in inclusion initiatives that fail to drive diversity, banks should embrace these three programs instead.

Read More from: BankThink

1 day 3 hours ago

Receiving Wide Coverage ...

More trouble for Wells: The California Department of Justice has launched a criminal investigation into Wells Fargo to determine if bank employees engaged in criminal identity theft and false impersonation to open accounts for customers without their permission. "There is probable cause to believe that employees of Wells Fargo Bank unlawfully accessed the bank's computer system to obtain the PII [personally identifiable information] of customers," the state's affidavit said. "The bank's employees...

Read More from: BankThink

1 day 4 hours ago

It is widely accepted that there has been an increase in the number of class actions in Australia; however there have not been many examples o

Read More from: eSQUIRE Global Crossings

1 day 5 hours ago

The response of the [American Bar] Association to that 1976 re-examination of Pound’s criticism was immediate . . . One very important program was aimed at developing alternative methods for resolving disputes.

            –Chief Justice Warren E. Burger, February 12, 1984.

Roscoe Pound, a young man from Nebraska

Roscoe Pound, a young man from Nebraska in 1906, became one of the great deans of the Harvard Law School.  As explained in this article, Chief Justice Warren Burger attributes the beginnings of the modern mediation profession to Roscoe Pound’s 1906 speech to the American Bar Association and a 1976 re-examination of that speech by that same Association.

Read More from: Mediatbankry

1 day 7 hours ago

If you file bankruptcy, you want to know if you can keep your home.  You want to know, what is the home bankruptcy exemption? Home Bankruptcy State Exemptions In Michigan Michigan has home exemption choices for folks who file bankruptcy here. Tenancy by entireties is available as one option. That is a fancy legal term [...]

The post Home Bankruptcy Exemption In Michigan appeared first on Detroit Bankruptcy Lawyer Kurt O'Keefe.

Read More from: Stop Creditor

1 day 8 hours ago

Are you facing wage garnishment? Can you afford to have your wages garnished? Many people, just like you, are struggling from paycheck to paycheck just to pay their mortgage or rent, utilities, and groceries. When wages are garnished against a person in this type of financial strain, it may mean that person or family cannot afford groceries or afford to pay their electric bill in full anymore. They end up having to make a sacrifice, choosing what bill or necessity not to pay now, because of the wage garnishment. Are you in this type of situation right now? If so, our East Troy bankruptcy lawyer, Shannon Wynn can help.

Read More from: Wynn at Law, LLC

2 days 1 hour ago

Rather than addressing a pressing need like an economic crisis, a fintech charter would place the federal government in the business of choosing winners and losers in a market, with the potential to distort the banking system.

Read More from: BankThink

2 days 2 hours ago

calculator-1019936_1280-1_optWhat’s a bankruptcy judge to do when the bank’s numbers don’t add up?

The bank files a motion for relief from stay to foreclose on my Chapter 13 client’s home.  They claim he’s months behind.

Only the numbers in their papers don’t add up.

2 days 3 hours ago

A strong and dynamic risk detection system requires focusing on the most important blind spots not satisfactorily explained by existing tools, rather than focusing on the "answers" produced by those tools.

Read More from: BankThink

2 days 3 hours ago

Adam Sansweet

Rick Antonoff

The Supreme Court’s 2016–2017 term began last week with attention to two bankruptcy issues: Structured dismissals and insider claims.

Structured Dismissals:

Read More from: Bankruptcy Law Watch

2 days 4 hours ago

Breaking News This Morning ...

Morgan Stanley beats estimates: Morgan Stanley reported a third quarter profit of $1.6 billion, or 81 cents a share, up 57% from $1.02 billion, or 48 cents a share, in the year ago period. That easily beat the median Street forecast of 63 cents. Revenue rose 15% to $8.91 billion from $7.77 billion, also beating analysts' estimates of $8.17 billion. As with its peers on Wall Street, which reported earlier, the...

Read More from: BankThink

2 days 4 hours ago

Lawyer Nick GajewskiA Chapter 13 bankruptcy (also known as a Debt Consolidation) will bundle together all of a person’s debts so that the person filing makes only one payment per month to the Court.  From there, the Court handles paying each of your creditors what they are supposed to receive under the bankruptcy laws.  But how does the Court determine the amount of a person’s payment?  Unfortunately it isn’t as simple as adding together your debts and dividing by the number of months in your plan.  There are three different ways the Court looks at your case to determine what your payments will be.  For simplicity’s sake, let’s call them the Debts Test, the Income Test, and the Means Test.

Read More from: Bonds & Botes, P.C.

2 days 5 hours ago

Cherry Hill Debt Management AttorneysThe U.S. economy is still struggling, which means that a lot of hardworking people in New Jersey, New York, Pennsylvania, and just about everywhere else are also struggling when it comes to managing their finances and paying their bills. According to a recent report issued by, a major consumer financial services company and personal finance website, roughly two-thirds of all Americans are making a point of limiting the amount of money they spend each month.

The report found that 65 percent of Americans are saving money in anticipation of a difficult future. This cautious approach to spending and saving could be viewed as a positive in the sense that it means people are prepared in the event of a financial emergency, such as the loss of a job or a medical issue. However, the lack of confidence in the US economy ultimately does not bode well for future economic growth.

2 days 7 hours ago

Cornell v Envoy Mortgage, Ltd. (In re Hosch), 551 B.R. 696 (Bankr. D. N.H. 2016) – A foreclosing mortgagee that was the successful bidder at the foreclosure sale delayed recording the sale deed. A chapter 7 trustee claimed that as … Continue reading

2 days 7 hours ago