Creditors vote on Avianca Holdings bailout

Avianca Airlines’ parent company (AV, Bogotá), Avianca Holdings, has been cleared by the US bankruptcy court to seek votes from its creditors in the US and Colombia on its proposed restructuring plan. It was a significant step for the company and its affiliated debtors to exit Chapter 11 bankruptcy protection, …

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Ray Dalio doesn’t understand Bitcoin

Ray Dalio, co-chief investment officer of Bridgewater Associates, one of the world’s largest hedge funds, owns Bitcoin, but in a maintenance with CNBC On Wednesday, he demonstrated that he still doesn’t understand or believe in it as a store of value greater than gold. Dalio believes governments can kill the …

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CFPB Sues LendUp Loans for Alleged Violation of the 2016 Consent Order and for Allegedly Continuing to Deceive Borrowers | Ballard Spahr srl

CFPB sued LendUpLoans, an online lender based in Oakland, Calif., Alleging that LendUp violated a 2016 consent order that required the lender to pay more than $ 3.5 million in consumer redress as well as civil penalties and stop misleading consumers with alleged misrepresentation about the cost of loans and …

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