Bankruptcy Blogs

Reg reform for manufactured home sellers sparks loan steering debate

03/12/18

A provision in the Senate's regulatory relief bill that would give manufactured housing retailers more leeway to make financing recommendations has consumer advocates concerned about potential lending abuses, while the industry contends it simply levels the playing field with real estate agents and homebuilders.

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Top candidates to replace Gary Cohn

03/12/18

As head of the National Economic Council, Gary Cohn played a key role in helping guide the Trump administration on its financial services policy, including on regulatory relief and housing finance reform. Institutions are anxiously watching to see who President Trump picks as Cohn's replacement.

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How the Amici Came Together for the Fifth Circuit's Disappearing Exemptions Cases

03/11/18
When a case is heard at the Supreme Court, the docket is filled with briefs of amicus curiae trying to say something that will catch the court's attention.   With so many briefs filed, they sometimes cancel each other out in a flutter of pdf files sounding variations on the same themes.   However, amicus briefs are much less common at the Court of Appeals level.  Recently I was part of an effort where a panel of the Fifth Circuit reversed itself in one instance and reversed a district court in another.   The cases are Hawk
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Goldman CEO Blankfein to exit as soon as year-end: Report

03/09/18

Goldman Sachs Chief Executive Officer Lloyd Blankfein plans to step down as soon as the end of this year, The Wall Street Journal reported.

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Florida poised to enact workaround to CFPB payday rule

03/09/18

The legislature has passed a bill that would allow lenders to make installment loans that, in many cases, would be more costly than payment loans. If Gov. Rick Scott signs it, Florida would become the first state to pass a law designed to blunt the impact of the CFPB’s crackdown on high-cost consumer loans.

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Will CRA finally get its makeover?

03/09/18

Regulators are working intently on a proposal to reform how they apply the Community Reinvestment Act after previous attempts to modernize CRA policy drew mixed reviews.

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Dems' Dodd-Frank clash, Bank of Amazon and Fintechs to Work For: Top stories of the week

03/09/18

Democratic infighting over a bill to curb the reach of the Dodd-Frank Act dominated discussion this past week, but Amazon still made waves in its disruptor role. Also: Our 'Best Fintechs to Work For' debuted.

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Small N.C. bank says hostile bid has cost it employees and clients

03/09/18

KS Bancorp disclosed in a legal filing that an takeover effort by First Citizens is spooking lenders and prompting prospects to delay and cancel plans to move deposits and lending relationships.

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