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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

DECEMBER 4, 2023

On November 30, crypto exchange Binance announced it has introduced a pilot program enabling banks to store trading collateral off-exchange, a move aimed at reducing counterparty risk. million settlement against a rent-to-own retailer, resolving claims that the company violated Massachusetts’s consumer protection laws.

Financial services 52
Financial services Collateral Banks Trade 52
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How Businesses Use Corporate Debt Restructuring for Liquidity

Debt RR

DECEMBER 13, 2019

Missing payments on secured debt causes the creditor to repossess the property as recourse. If collateral is seized, it often occurs in court, leaving a record for other partners and vendors to dig up. Retailers Gymboree, Charlotte Russe, Payless, Roberto Cavalli, and Diesel filed Chapter 7 bankruptcies in 2019.

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Chapter 7 bankruptcy Bankruptcy Creditors Retail 43
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