At a time of dangerous political division, the plan to grant federal charters to financial technology firms can address policy goals favored by both parties.
Bank of America's Michelle Moore explains the role of design in the bank’s app's success; SoFi's Joanne Bradford claims money isn't the most important thing in taking a new job; TSB's Helen Rise urges women to be bolder.
Some banks are looking to hire advisers or buy firms, while others are looking to get out of the business entirely.
Hyundai is one of Montgomery’s biggest employers where more than 3,000 team members are employed with high-paying jobs and full benefits. Additionally, more than 35 tier one suppliers are located in seventeen counties across Alabama. Further there are 78 total suppliers located throughout North America to support the Hyundai plant. Altogether, these suppliers created 7,000 additional jobs by Alabama based suppliers according to Hyundai’s website.
President Trump’s campaign made threats to trash the North American Free Trade Agreement or impose stiff import tariffs to keep more jobs at home. Mexico is attractive to the automotive industry due to low operating costs and a large number of free trade agreements. Alabama imports car parts from Mexico and if there was a tariff, the amount could add millions to costs which could be passed on to the consumer. According the U.S. Commerce Department, auto parts is the single largest product imported from Mexico with about $51.6 billion through November, 2016 and accounted for about 19% of all products shipped from Mexico. No one knows whether Congress will go along with a tariff on Mexican goods, or whether President Trump will keep his campaign position.
Read More from: Bonds & Botes, P.C.
The recent case of Thomas & another v Frogmore Real Estate Partners & others  EWHC 25 (Ch) provides useful guidance for anyone analyzing the centre of main interests (“COMI”) of a company not registered in the UK or other EEA state for the purposes of assessing whether or not insolvency proceedings relating to the company can be instigated in the UK courts under the EC Regulation.
Read More from: eSQUIRE Global Crossings
On February 15, 2017, Calrissian LP, a Burlingame, CA-based entity, filed a petition for relief under Chapter 11 in the Bankruptcy Court for the District of Delaware (Case No. 17-10356). Calrissian is the parent holding company of Our Alchemy LLC (Case No. 16-11596) and Anderson Digital LLC (Case No. 16-11597), which filed petitions for relief under Chapter 7 in the Bankruptcy Court for the District of Delaware on July 1, 2016. Those cases are being jointly administered before the Honorable Kevin Gross. According to Calrissian’s Schedules, Calrissian’s only tangible property is a deposit account containing $1,432.90, while Calrissian has $46 million in secured debt and $6,143,200.09 in nonpriority unsecured debt. According to Calrissian’s Statements of Financial Affairs, Virgo Services Company, LLC, which owns 59.59% of the equity of Calrissian, is its controlling shareholder. Calrissian’s creditor matrix identifies only thirteen creditors. The case has been assigned to the Honorable Kevin Gross.
Read More from: Cole Schotz P.C. Bankruptcy & Restructuring Law Blog
In In re Appling (Appling v. Lamar, Archer & Cofrin, LLP), No.
Read More from: Georgia Bankruptcy Blog
It can be difficult to come to terms with the harsh reality of having to file for bankruptcy. However, you are not alone if you find yourself faced with such a challenging decision. According to data from U.S. bankruptcy courts, over 1.5 million people file for bankruptcy annually. And almost 97 percent of bankruptcy filings are made by individuals, and not businesses.
Following are some of the top reasons that people file for bankruptcy:
A Harvard University study indicated that medical expenses are the reason for 62 percent of personal bankruptcies in the U.S. It is interesting to note that the study also revealed that 72 percent of those who filed for bankruptcy because of medical bills had health insurance, thereby disproving the notion that only those who are uninsured confront financial disasters because of medical expenses. You can file a Chapter 7 bankruptcy to lower your medical debt.
Read More from: The Law Office of Joel R. Spivack
Read More from: Mediatbankry
Some of our Wynn at Law, LLC bankruptcy filing clients have such tremendous anxiety over the Section 341 meeting of creditors. They’ll imagine intimidation like in the photo. For some, it’s the hang up that keeps them from filing. For others, it’s the cause of more than a few sleepless nights. I put a lot of value in the statement that 90 percent of what you worry about never comes true. The creditor meeting falls into that category.
This meeting isn’t a hearing. It’s not even in a courtroom. You’re under oath of course. However, there isn’t a judge. Here’s the two-step for taking the terror out of the topic:
First, it’s required. There isn’t a way out of it, so you go through it in order to clear the path for your financial future.
Read More from: Wynn at Law, LLC
Seacoast Commerce Banc Holdings in San Diego will keep more of its small-business loans on its balance sheet in response to rapidly changing economic and political conditions.
Senate Banking Committee Chairman Mike Crapo said Wednesday that although he plans to begin working on housing finance reform and changes to the Dodd-Frank Act, the poor relationship between Democrats and Republicans will hinder any progress.
Marketplace lenders have set themselves apart from banks by moving faster, but lending fraud might force them to revamp their authentication processes.
Some fintech firms are flatly rejecting the Office of the Comptroller of the Currency's creation of a charter for such firms, citing fears that it will come with too many strings attached.
Bond Street targets small businesses that might be able to qualify for a bank loan but are looking for a faster and easier approval process.
Zeus Mortgage in Houston is positioning its new online crowdfunding platform as an alternative to traditional mortgages for property buyers and others having trouble borrowing to remodel homes or fund construction projects.
Rep. Blaine Luetkemeyer, the chairman of the House financial institutions subcommittee, said Wednesday that he plans to reintroduce a bill that would change the way banks are designated as systemically important.
Banks are woefully unprepared to face potential cybersecurity threats stemming from third-party technology providers, according to a report issued Wednesday by the Federal Deposit Insurance Corp.’s independent watchdog.
The OCC wants California First to implement “prudent concentration limits” on leveraged loans.
The Basel III capital requirements are making it hard for banks to stay in the servicing business, said David Motley, president of Colonial Savings. Their exodus from the market indirectly hurts consumers, he argued.