Fintech Charters No More?

Good morning, all. It is Tuesday in Grand Rapids. Just last week I was in Belgium and snapped some photos of the beautiful city of Ghent, here is one of my favorite. Last year I posted that the Office of the Comptroller of the Currency (OCC) announced it will begin accepting applications for national bankContinue reading “Fintech Charters No More?”

Real Estate Investors Bidding at Foreclosure Sale: What Happens to a “Surplus?”

It is a snowy day today in Grand Rapids. If you are on the roads, drive safe!   Last week I read a  Court of Appeals decision that prompted me to write on the topic concerning real estate investors.   The market to purchase distressed real estate has become extremely competitive since 2008-09. Having multipleContinue reading “Real Estate Investors Bidding at Foreclosure Sale: What Happens to a “Surplus?””

Fintech Startup “Lemonade” Latest $120 Million Round of Funding – Following Through on Its Purpose Driven Mission.

“The key to disrupting a billion-dollar industry is ‘ignorance”  check out this recent article on “Lemonade” via BusinessInsider   In the past I have posted on Fintech Companies – and highlighted a few. One of those in particular is “Lemonade” a disrupter in the urban rental and home insurance industry.  Check out an update onContinue reading “Fintech Startup “Lemonade” Latest $120 Million Round of Funding – Following Through on Its Purpose Driven Mission.”

OCC’s Remarks on Fintech Charter – “A Work in Progress”

It is already, Thursday. It has been a hectic week so far, so I thought I would include a photo I took of more peaceful and serene moments – Michigan’s Upper Peninsula. Beautiful… Back to the issue at hand, Today, Keith A. Noreika, Acting Comptroller of the Currency gave remarks concerning Fintech Companies at GeorgetownContinue reading “OCC’s Remarks on Fintech Charter – “A Work in Progress””

Real Estate Investors: In Your Efforts to Make a Profit Be Wary of Cutting Corners.

Let me illustrate a picture for you: Let’s say you are a real estate investor. You show up for a foreclosure sale. There are several people present to bid on a specific piece of property.  One of those guys winks at you, motions you to come over (in a clandestine sort of way). The guyContinue reading “Real Estate Investors: In Your Efforts to Make a Profit Be Wary of Cutting Corners.”

Business Law Update: Court Lessons on Personal Guarantees.

In the world of lending if a business wants to secure financing, you will be hard-pressed to find a bank that is not going to require some collateral, including a personal guarantee of the debt by the principal owner(s) of the business. businesses don’t want to sign personal guarantees; it’s why businesses take on theContinue reading “Business Law Update: Court Lessons on Personal Guarantees.”

OCC’s Remarks on Fintech Charter and a “Conversation about Financial Innovation and Fintech”

Today, Keith A. Noreika, Acting Comptroller of the Currency gave remarks encompassing the topic of Responsible Financial Innovation and Fintech Companies. You can read Mr. Noreika’s remarks here. All the excitement surrounding fintech companies reminds me of something that gets me excited – college football, particularly Michigan State Spartan Football (thus, a photo from oneContinue reading “OCC’s Remarks on Fintech Charter and a “Conversation about Financial Innovation and Fintech””

Real Estate Law Update – a Court Case Discussing Laches.

From a lawyer’s perspective, real estate disputes are often messy. The parties are often driven by emotion. The facts are often complex. Simply put – it is usually a mess. Often the doctrine of laches gets raised in such a lawsuit. A few years back I wrote a post about the legal (technically, “equitable”) doctr ineContinue reading “Real Estate Law Update – a Court Case Discussing Laches.”

Michigan Entrepreneurs and Small Businesses: Crowdfunding Law Update.

Last year  Representative Tom Barrett introduced House resolution 235 (HR 235) “to support the (SEC)’s recent adoption of rules…to facilitate small and start-up companies’ access to capital raised through crowdfunding.” The resolution supports crowdfunding as viable tools for start-up businesses. The resolution acknowledges: “Businesses in Michigan have greatly benefited from the opportunities created by the…Michigan Invests Locally ExemptionContinue reading “Michigan Entrepreneurs and Small Businesses: Crowdfunding Law Update.”

Fintech Update: Disruption for Good. The OCC’s Remarks Yesterday to Fintech Innovators at LendIt USA in New York

Yesterday, Thomas J. Curry, Comptroller of the Currency gave remarks about Fintech Innovation at LendIT USA (The Worlds Biggest Show in Lending and Fintech) Conference in New York. You can read Mr. Curry’s remarks here. Mr. Curry praised the innovative Fintech Companies who “have fueled healthy competition to modernize and improve how the nation’s financial services needsContinue reading “Fintech Update: Disruption for Good. The OCC’s Remarks Yesterday to Fintech Innovators at LendIt USA in New York”