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The trade group's "candidate school" will teach members about campaign fundraising and other political basics, in an effort to boost the number of elected officials who understand banking.

Read More from: BankThink

3 days 4 hours ago

Banking loses a pioneering female CEO in Melanie Dressel; B of A’s Michelle Moore says mobile is used by most of its customers; Uber is the Tailhook of the new era, and more.

Read More from: BankThink

3 days 4 hours ago

Screen scraping has plenty of critics, but the alternatives, OAuth and APIs, have their share of detractors, too.

Read More from: BankThink

3 days 4 hours ago

Donald Trump is considering nominating U.S. Bancorp Chief Executive Officer Richard Davis for the Federal Reserve Board, said people familiar with the matter, as the president prepares to start reshaping the central bank’s approach to monetary policy and Wall Street oversight.

Read More from: BankThink

3 days 4 hours ago

The Dallas-based lender is planning to boost originations to borrowers with solid credit scores amid fears that the subprime auto market is overheating.

Read More from: BankThink

3 days 4 hours ago

MUFG Union Bank is launching PurePoint Financial, a largely online savings bank that will still offer opportunities for face-to-face interaction.

Read More from: BankThink

3 days 4 hours ago

A core processing startup gets $16 million and a U.K. challenger bank raises $27.6 million.

Read More from: BankThink

3 days 4 hours ago

“Risk comes from not knowing what you’re doing” – Warren Buffett Can a bankruptcy court deny fees requested by a professional simply because her client chose a poor strategy? The Bankruptcy Court for the District of Idaho recently rejected such a notion, holding that an accounting professional that performed its duties diligently should not be … Continue reading

The post Paid Rejection: Bankruptcy Court Allows Professional Fees Despite Trustee’s Flawed Strategy appeared first on Robins Kaplan Trial Attorneys Blog.

3 days 15 hours ago

The First Circuit’s recent opinion on the Puerto Rico Oversight, Management, and Economic Stability Act (“PROMESA”, 48 U.S.C §§ 2101-2241) outlines initial guidelines for possible future actions against the Puerto Rican government as a result of the Commonwealth’s ongoing debt crisis. Peaje Investments LLC v. García–Padilla, 845 F.3d 505 (1st Cir. 2017).  Congress enacted PROMESA in June 2016 to create, among other things, a temporary stay of debt-related litigation against the government of Puerto Rico.  The temporary stay was set to expire automatically on February 17, 2017, but has been extended until May 1, 2017.  The First Circuit permitted one creditor to move immediately for relief from the stay, but blocked another creditor’s bid.  The decision serves as a template for how creditors may move against the Commonwealth when the PROMESA stay expires later this spring.

Read More from: Hughes Hubbard & Reed

3 days 15 hours ago

Retailers are prepared to go to the mat to defend the Durbin Amendment on swipe fees; tech firms who sought to displace big banks now sell their wares to them.

Read More from: BankThink

3 days 16 hours ago

Any amendments to the current regulatory framework must preserve banking regulation and supervision’s vital role in the proper functioning of our economy.

Read More from: BankThink

3 days 16 hours ago

CIBC reported strong first-quarter numbers across the board in the kickoff of Canadian banks’ earnings season.

Read More from: BankThink

3 days 16 hours ago

Hadley Robbins succeeded Melanie Dressel, who died unexpectedly on Sunday. Columbia will begin a search for a permanent CEO.

Read More from: BankThink

3 days 16 hours ago

The House proposal establishes a 10% leverage ratio as the standard for bank strength, but it says nothing about the riskiness of the bank’s business or the size of its exposure to economic downturns.

Read More from: BankThink

3 days 16 hours ago

The Consumer Financial Protection Bureau's arbitration rule will likely be overturned by Congress if the agency moves ahead with finalizing it.

Read More from: BankThink

3 days 16 hours ago

B. Grant McNuttA creditor that wants to get paid in your bankruptcy case must file a proof of claim with the clerk’s office of the Bankruptcy Court.  Most creditors must file their claim within a certain amount of time, typically 120 days from the date you filed your Bankruptcy petition.  Governmental entities, such as the IRS or the State of Alabama, are given additional time or 180 days from your petition filing date to file a claim.  It is extremely important to hire a competent lawyer who will review each and every claim that is filed in your case.  The reason is if the creditor files an inaccurate or fraudulent claim, the Attorney needs to object to the claim and ask the court to disallow it.

There are multiple reasons your attorney may need to object to a proof of claim such as

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

3 days 17 hours ago

The oil and gas crisis produced yet another curious set of circumstances and a decision addressing the applicability of the automatic stay to an action against a principal of the debtor.  In Luppino v. York, Case No. 16-00409-XR (W.D. Tex. Dec. 8, 2016) (D.I. 13), the United Stated District Court for the Western District of Texas rejected a defendant’s argument that because the LLC in which the defendant was a member was in bankruptcy, a suit against the defendant could not continue because of the automatic stay imposed by section 362(a)(6) of the Bankruptcy Code.  This case is another example of the relatively high bar for extending the automatic stay to protect non-debtors.

3 days 18 hours ago

Metal Melting FactoryDickinson v NAL (Realisations) Staffordshire Ltd is a useful case on how directors’ duties are looked at following a formal insolvency and ways in which an office holder can challenge transactions if there is evidence of wrongdoing or a concerted strategy to frustrate creditors’ recourse to a Company’s asset base which would ordinarily be available

Read More from: eSQUIRE Global Crossings

3 days 18 hours ago

The Sixth Circuit BAP has reversed the denial of a motion to dismiss an involuntary petition.  A single petitioning creditor initiated the case of In re Zenga based on the putative debtors’ responses to interrogatories which identified 10 creditors.  The putative debtors sought to introduce evidence of additional creditors.  The bankruptcy court held the prior sworn statements estopped the presentation of contrary evidence.  With less than 12 creditors, Section 303(b)(2) permits a single creditor to file the involuntary petition.  The bankruptcy court entered the order for relief.

Read More from: Creditors' Sidebar

3 days 18 hours ago

New Jersey bankruptcy lawyer

While it is an unpopular choice, filing for bankruptcy is very common in the U.S. According to government statistics, in 2013, 1,107,699 people and businesses in the U.S. were forced to file for bankruptcy. Although it is an unpleasant experience, filing for bankruptcy does not mean that you will never again attain financial stability.

Bankruptcy protection is intended to offer individuals and businesses a method of discharging some of their debts and an opportunity for a fresh start. One of the initial steps in strengthening your financial life is to rebuild your credit score.

The effect of bankruptcy on your credit score

Bankruptcy will have an adverse effect on your credit score. Lenders look at credit scores when making decisions about whether to offer you a mortgage or car loan, and in the event they do, what interest rate to charge you. Credit scores enable lenders to determine the level of risk involved in lending you money.

3 days 21 hours ago

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