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Tag Archives: Debt
Macy’s to Close 45 Stores this Year
Department store operator Macy’s Inc. said yesterday that it would close about 45 stores this year as part of its three-year plan to lower store count in order to focus on its more productive outlets, Reuters reported. Even before the … Continue reading
Crash Was a Driving Accident, Not a Breakfast Accident
Statute bars compensation for injury resulting from “risk unrelated to the employment to which workers would have been equally exposed outside of and unrelated to the employment in normal nonemployment life.” Risk means activity. That exclusion, like all workers’ compensation … Continue reading
Motion for Summary Judgment Leaves Material Facts in Genuine Dispute
In an action to enforce settlement, on a motion for summary judgment, movant included two documents naming different sums. Each party claimed that a different document constituted a settlement offer, movant the first and non-movant the second. Non-movant’s response to … Continue reading
Trump Signs Stimulus and Government Spending Bill into Law, Averting Shutdown
President Trump signed the stimulus bill into law yesterday, releasing $900 billion in emergency relief funds into the economy and averting a government shutdown. White House officials didn’t explain why the president decided to suddenly sign into law a bill … Continue reading
JPMorgan Finds Some Workers Improperly Pocketed Relief Funds
JPMorgan Chase & Co. found that some of its employees improperly applied for and received Covid-relief money that was intended for legitimate U.S. businesses hurt by the pandemic, Bloomberg News reported. The bank discovered the actions, all of which were … Continue reading
DeVos Suspends Student Federal Loan Payments through January
The Trump administration on Friday suspended all federal student loan payments through the end of January and kept interest rates at 0 percent, extending a moratorium that started early in the pandemic but was set to expire at the end … Continue reading
CONSUMER FINANCIAL PROTECTION BUREAU AND MULTIPLE STATES ENTER INTO SETTLEMENT WITH NATIONSTAR MORTGAGE, LLC FOR UNLAWFUL SERVICING PRACTICES
Today the Consumer Financial Protection Bureau (Bureau) filed a complaint and proposed stipulated judgment and order against Nationstar Mortgage, LLC, which does business as Mr. Cooper (Nationstar). The Bureau’s action is part of a coordinated effort between the Bureau, a … Continue reading
CFPB Settles with Nissan Motor Acceptance Corporation for Illegal Collections and Repossession Practices
The Consumer Financial Protection Bureau (CFPB) issued a consent order against Nissan Motor Acceptance Corp. (Nissan), an auto financing subsidiary of Nissan North America, Inc., which services auto loans and leases originated by Nissan and Infiniti dealerships nationwide, according to … Continue reading
Theater Chain AMC Says It Could Run Out of Cash by Year-End
The world’s largest movie-theater company may run out of cash by year’s end if it doesn’t raise additional funds or get more people back to theaters following pandemic shutdowns that have disrupted businesses dependent on consumers gathering in public spaces, … Continue reading
Restaurant that Ignored COVID-19 Rules in Pennsylvania Files for Bankruptcy
A Brentwood, Pa., restaurant ordered to close for ignoring COVID-19 masking requirements has filed for chapter 11 bankruptcy, the Pittsburgh Post-Gazette reported. The Crack’d Egg filed the petition on Friday in U.S. Bankruptcy Court in Pittsburgh, and it will continue to operate … Continue reading