WASHINGTON—Legislation to make the bankruptcy of a big bank more feasible is gaining steam on Capitol Hill, a development that could help the largest U.S. financial firms counter criticism that they remain “too big to fail” without a taxpayer bailout.
Changes to the bankruptcy code were included in a financial-services budget bill the House passed Thursday, along with other regulatory provisions such as congressional oversight of the Consumer Financial Protection Bureau’s budget.
But unlike other provisions, the bankruptcy legislation has broad support. That gives it a chance to become law this year. Read More…
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BRENTWOOD, Tenn. -Along with an inkling about what its auto lending prospects might be, initial findings from the 2015 Growth Strategy Survey orchestrated by Bank Director showed the traditional banking industry may find itself unable to attract what orchestrators called a “decidedly untraditional digital generation.” Read More…
During the 12-month period ending December 31, 2014, 936,795 cases were filed in federal bankruptcy courts, down from the 1,071,932 bankruptcy cases filed in calendar year 2013—a 12.6 percent drop in filings.
The BEBdata tribe is putting the final touches on plans for our attendance at the 2015 NADA Convention & Expo. This is the “it” conference for the auto industry and we never miss it!
This year’s keynote speakers include Jeb Bush and Jay Leno! For a complete listing of speakers click here.
Excellent workshops such as, “Exceptional Experience that Win Digital Buyers” and “NexGen Dealers Leading the Future Their Way Today” are only a few of the exciting and trending topics that will be discussed.
We’ll have the latest information on BK trends and you can review our data card by clicking below! Hope to see you there!
Bob Lawless, a frequent contributor to the Bankruptcy Blog known as Credit Slips recently submitted a blog explaining why Bankruptcy Filings will be at their lowest numbers since 1995. Check out the details of this fascinating topic by clicking here.