“There is nothing new under the sun.”
My first-hand knowledge of China is limited: I’ve traveled to Beijing a couple times, spent time (both there and here) with Chinese citizens, practiced law with a Chinese national, etc.
But here is something I’ve never understood:
–How are personal and business disputes handled in China?
China does not follow a “rule of law.” And, therefore, they don’t have a bunch of lawyers or lots of lawsuits. So . . . how do they handle business and personal disputes? It’s always been a mystery to me.
Here’s an article with historical insights on the subject – written a half-century ago:
–S. Lubman, “Mao and Mediation: Politics and Dispute Resolution in Communist China,” 55 Cal. L. Rev. 1284 (Nov. 1967).
As it turns out, mediation has been the primary dispute resolution tool in China for a very long time. This Mao and Mediation article provides the following information and explanations.
Read More from: Mediatbankry
I blog a lot about the 1.3 trillion dollars of student loan debt. Car Debt is headed toward that amount. The country’s auto debt hit a record in the fourth quarter of 2016, according to the Federal Reserve Bank of New York, when a rush of year-end car shopping pushed vehicle loans to a dubious peak [...]
Read More from: Stop Creditor
The Consumer Financial Protection Bureau faces its first jury trial in April in a case that could test whether the embattled agency is overstepping its authority and if it can engage in what critics see as Operation Choke Point-style tactics.
The new group, which will work alongside the bank’s lobbyists and focus on policy at U.S. and overseas regulators, is being run by Kevin Bailey, an alum of the OCC and GE Capital.
Republican lawmakers are citing a recent report that delinquencies rose for loans guaranteed by the Federal Housing Administration as a reason to delay a premium cut, but economists suggest the uptick is related to seasonal issues.
The move will more than double the size of Eldorado's branch network, while allowing MidCountry to exit the market.
Although much of banking is cautiously optimistic about the Trump presidency, the financial firms and organizations that serve the unbanked see the election as a mixed bag at best so far.
The insurance company, facing regulatory scrutiny and lawsuits over a former sales relationship with Wells Fargo, said it may press its partner to cover costs after halting the sales.
The prepaid card issuer has been striving to overcome the setback it suffered from the discontinuation of a popular product in 2015.
The news we heard at Wynn at Law, LLC in February reported that Wisconsin bankruptcy filings last year were at their lowest level since 2007, before the recession. What does that mean to you? Absolutely nothing. Economists care about the number because it means more people are working (maybe) and more people are paying what they owe (probably).
It could also mean that more people in debt sought relief immediately after the mortgage crisis rather than waiting and struggling. There’s no shame in that. And there’s no shame in waiting until now to file if you’ve struggled trying to get caught up. About the only thing that fewer filings in 2016 means to you and me is that the bankruptcy judge may have a little less of a backlog of cases. Maybe.
Read More from: Wynn at Law, LLC
Read More from: eSQUIRE Global Crossings
Four retail managers are the first senior employees let go by the bank for their roles in the phony accounts scandal; federal court rules against investors in GSE suit.
A rollback of fair-lending enforcement activity undertaken by the previous administration would deny justice to millions of families that are subjected to discriminatory practices.
Tala, based in Santa Monica, Calif., makes its loan decisions after analyzing data on the mobile phones of users in Kenya and the Philippines.
If you've ever walked past a film shoot, it's easy to see how much more there is to the movies and TV than just the star and director. There's often dozens or even hundreds of other people involved in the production — bit players, stunt performers, musicians and more — and they all have to be paid, at times irregularly and under different rules.
The U.K. challenger bank will reportedly bring the singer on as a brand ambassador, with an option to acquire a stake in the company
The newest reputational threat has nothing to do with violations of regulations or ethical norms, but rather with the extreme polarization and activism spreading through the country.
The banking industry's top advocacy groups can't support giving credit unions capital-raising alternatives, but they are trying to understand the NCUA's complex proposal before filing comment letters against it.
In re Luxeyard, Inc., 556 B.R. 627 (Bankr. D. Del. 2016)
Declining to opine upon the “bar to joinder doctrine,” the Delaware Bankruptcy Court in this Opinion applied the Third Circuit’s “totality of the circumstances” bad faith test to deny a motion to bar the joinder of additional petitioners to an involuntary petition under Section 303(c) of the Bankruptcy Code. Simply put, the Debtor did not carry its burden to show there was a bad faith filing, and therefore, the Court need not consider the bar to joinder doctrine. Read More ›
Read More from: Delaware Bankruptcy Insider
This is one of the most common questions I’m asked. Debt consolidation (or Chapter 13 Bankruptcy as it is technically known) is one of the most common types of bankruptcy cases, and many people are familiar with how it works. We have written before about many of the details of Chapter 13 Debt Consolidation, but today I wanted to address the issue of how to qualify for a Chapter 13 case.
Read More from: Bonds & Botes, P.C.