A sobering look at the post-recession economic recovery shows that while by many measures US economic figures are again strong, the recession caused wounds that “have not fully healed”—including the loss of more than 1.5...more
10/6/2017
/ Amazon Marketplace ,
Bitcoin ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Data Breach ,
Data Protection ,
Digital Currency ,
Equifax ,
Federal Student Loans ,
Financial Crisis ,
Financial Services Industry ,
IMF ,
Job Creation ,
Navient ,
Online Marketplace Lending ,
Payday Loans ,
Personal Data ,
Recovery Plans ,
Student Loans ,
Testimony ,
U.S. House ,
Unemployment
Travis is still kicking around at Uber, and he made that quite clear late last week by using his “outsize voting rights” to name two directors to the 8-member board ahead of a vote to reduce Kalanick’s voting power at the...more
10/3/2017
/ AIG ,
China ,
Class Action ,
Cryptocurrency ,
Data Breach ,
Deutsche Bank ,
Digital Currency ,
Equifax ,
Financial Services Industry ,
Forex ,
HSBC ,
Insider Trading ,
Mortgage Servicers ,
Mortgages ,
Securities Fraud ,
Sharing Economy ,
SIFIs ,
Uber
Q2 saw US growth hit the 3% mark for the first time in two years, besting last quarter’s lackluster showing by almost 2%. The report helped boost stocks across the board....more
8/31/2017
/ Arbitration ,
Best Interest Contract Exemptions ,
Bitcoin ,
Civil Rights Act ,
Conflicts of Interest ,
Cryptocurrency ,
Department of Labor (DOL) ,
Economic Development ,
Employee Benefits ,
Equal Employment Opportunity Commission (EEOC) ,
Equal Pay Act ,
Fiduciary Rule ,
Financial Services Industry ,
Gender Discrimination ,
Initial Public Offering (IPO) ,
Investment Management ,
JPMorgan Chase ,
Parental Leave ,
Sharing Economy ,
Title VII ,
Uber ,
Virtual Currency ,
Wage and Hour
A government audit report out yesterday accuses the US Dep’t of Housing and Urban Development of selling more than 100k distressed mortgages over a 7 year period to PE firms and hedge funds without following the proper rules...more
7/26/2017
/ Arbitration ,
Bailout ,
Banking Sector ,
Bitcoin ,
Capital Controls ,
Class Action ,
Class Action Arbitration Waivers ,
Consumer Contracts ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Cryptocurrency ,
Digital Currency ,
Distressed Assets ,
Fashion Industry ,
Financial Services Industry ,
Greece ,
Housing Market ,
HUD ,
Information Commissioner's Office (ICO) ,
Jimmy Choo ,
Mortgages ,
Securities and Exchange Commission (SEC) ,
SoftBank ,
Stock Sale Agreements ,
Uber
The CFPB made waves yesterday by adopting a rule that would prohibit financial firms from forcing customers to arbitrate their disputes over bank and credit card accounts (and by allowing class actions on those same issues)....more
7/11/2017
/ Abercrombie & Fitch ,
Administrative Appointments ,
Amazon Marketplace ,
Arbitration ,
Arbitration Agreements ,
Class Action ,
Class Action Arbitration Waivers ,
Consumer Contracts ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
E-Commerce ,
Energy Sector ,
Financial Institutions ,
Financial Regulatory Reform ,
Financial Services Industry ,
Job Creation
One might think that Tesla shareholders would be thrilled with yesterday’s news that Elon’s car-making arm has surpassed even GM in market value. True, perhaps, but only to a point. Turns out that Tesla’s recent surge has...more
4/12/2017
/ Automotive Industry ,
Bitcoin ,
Cable Operators ,
Corporate Culture ,
Financial Institutions ,
Financial Services Industry ,
Initial Public Offering (IPO) ,
Investigations ,
Publishers ,
Resignation ,
Securities and Exchange Commission (SEC) ,
Securities Violations ,
Sharing Economy ,
Takeovers ,
Technology Sector ,
Tesla ,
Uber ,
Virtual Currency
The Deal Professor thinks that Alibaba’s play for MoneyGram (via its Ant Financial arm) could tell us a lot about how the new administration will handle Chinese investment in the US....more
2/1/2017
/ Aircraft Equipment ,
Alibaba ,
China ,
Consumer Financial Products ,
DaimlerChrysler ,
Financial Institutions ,
Financial Markets ,
Financial Services Industry ,
Foreign Investment ,
Portugal ,
Securities and Exchange Commission (SEC) ,
Silicon Valley ,
Technology Sector ,
Uber ,
UK Brexit
Some solid non-search-engine growth helped Alphabet post pretty solid Q4 numbers (with profit missing estimates but revenue surging past them)....more
1/27/2017
/ Alibaba ,
Banks ,
Barclays ,
Charter Communications ,
EU ,
Financial Institutions ,
Financial Services Industry ,
Google ,
Importers ,
Imports ,
Mergers ,
Mexico ,
Telecommunications ,
Trade Relations ,
UK ,
UK Brexit ,
US Trade Policies ,
Verizon
Even as oil prices are rebounding and bringing some welcome hope to battered markets, the Journal worries that “this rally could lead to its own demise,” as higher prices “will likely encourage shale producers to ramp up...more