Advice on CARES Act’s freezing of student loan payments till 2021
People with federal student loans don’t have to make another federal payment in 2020. Now is the time, though, to decide what to do before your bill arrives in January 2021.
Banking & Finance
Articles
Prosecutor seeking Trump’s taxes cites probe of his business
A New York City prosecutor fighting to get President Donald Trump’s tax returns told a judge Monday he was justified in demanding them because of public reports of “extensive and protracted criminal conduct at the Trump Organization.”
Indianapolis man gets 11-plus years in federal prison for leading fraud scheme
Indianapolis man Frank “Bread” Powell has been sentenced to more than 11 years in federal prison for leading a large-scale fraud ring that bilked Kroger and other retailers out of hundreds of thousands of dollars.
SCOTUS: Congress can’t get Trump records, but Manhattan DA can
The Supreme Court of the United States on Thursday upheld the Manhattan district attorney’s demand for President Donald Trump’s tax returns, but kept a hold on Trump’s financial records that Congress has been seeking for more than a year.
SCOTUS rules president can fire Consumer board head at will
In a ruling underscoring the power of the president, the Supreme Court on Monday made it easier for the president to fire the head of the Consumer Financial Protection Bureau. The justices struck down restrictions Congress had written on when the president can remove the bureau’s director.
Indianapolis office manager gets 37-month sentence for embezzlement
An Indianapolis woman who embezzled nearly $540,000 from a company where she worked as controller and office manager for seven years has been sentenced to 37 months in federal prison.
Barnes & Thornburg opens New York City office
Indianapolis-based Barnes & Thornburg now has a New York address, opening an office in the Big Apple as part of its plan to grow its footprint and expand its corporate, litigation and white collar practices.
Appeals court affirms for used car buyer in defaulted sales contract dispute
An auto dealer couldn’t sway an appellate court’s ruling for one of the dealer’s customers after the court found the man who immediately had problems with the vehicle hadn’t defaulted on his sales contract because payment was not due.
Supreme Court appears likely to reject Trump immunity claim
The United States Supreme Court on Tuesday appeared likely to reject President Donald Trump’s claim that he is immune from criminal investigation while in office. But the court seemed less clear about exactly how to handle subpoenas from Congress and the Manhattan district attorney for Trump’s tax, bank and financial records.
SCOTUS appears divided in Catholic schools employment case
The US Supreme Court on Monday seemed divided over how broadly religious institutions including schools, hospitals and social service centers should be shielded from job discrimination lawsuits by employees.
Supreme Court to hear clash over Trump tax, bank records
The Supreme Court of the United States on Tuesday will take up President Donald Trump’s bid to keep his tax, bank and financial records private, a major clash over presidential accountability that could affect the 2020 presidential campaign.
Trump signs $484 billion measure to aid employers, hospitals
President Donald Trump signed a $484 billion bill Friday to aid employers and hospitals under stress from the coronavirus pandemic that has killed more than 50,000 Americans and devastated broad swaths of the economy.
Indianapolis Council approves $25M to make federal paycheck loans available to small businesses
The Indianapolis City-County Council voted unanimously Friday morning to provide Indy Chamber with $25 million that will enable the business-advocacy group to quickly offer forgivable loans to small businesses in Marion County backed by the federal Paycheck Protection Program.
Indiana gets $19.5M settlement over Equifax data breach
Indiana has secured a $19.5 million settlement from Equifax over a 2017 data breach that exposed the Social Security numbers and other private information of nearly 150 million people.
Woman wins repossession appeal against towing company
The 7th Circuit Court of Appeals on Wednesday reversed in favor of an Indianapolis woman who was restrained by law enforcement while her car was being repossessed.
Fair Finance bankruptcy trustee loses high-stakes jury trial against deep-pocketed lender
The bankruptcy trustee seeking to recover millions of dollars for victims of Indianapolis businessman Tim Durham’s Ponzi scheme has come up empty in a nearly decade-long lawsuit against a deep-pocketed lender he alleged was culpable in the fraud.
Reversal: Lender can assert claim for missed promissory note payments
The Indiana Supreme Court on Monday reversed the dismissal of a complaint brought for missed payments on a promissory note, finding the lender’s claim is timely.
Justices affirm trial court in mortgage acceleration clause case
The Indiana Supreme Court has affirmed a trial court’s order that foreclosed a couple’s interest in two mortgaged properties, concluding that the lender filed suit against the borrowers within the applicable statutes of limitations.
Bank alleges developer owes nearly $16M for project near airport
Old National Bank has sued local developer Paul Kite, alleging he and his company, PK IND Partners LLC, owe millions of dollars for a loan tied to the 2008 redevelopment of property at Indianapolis International Airport.
7th Circuit upholds judgment for bank in HHGregg bankruptcy dispute
A major home appliance company could not convince the 7th Circuit Court of Appeals to rule in its favor in a Chapter 11 appeal as it sought to reclaim goods sold to now-defunct Indianapolis-based retailer HHGregg on the eve of its bankruptcy.