Bankruptcy Blogs

CFPB finalizes technical correction to mortgage servicing rule

03/08/18

The Consumer Financial Protection Bureau finalized a rule on Thursday that gives mortgage servicers more latitude in sending periodic statements to borrowers in bankruptcy.

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Midland States in Illinois taps new president

03/08/18

The move provides a strong hint of the long-term succession plan spearheaded by CEO Leon Holschbach

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Synthetic identity fraud balances grew 5% last year

03/08/18

TransUnion’s analysis of credit card applications and transactions finds fraudsters continue to steal more, but the rate of increase is slowing.

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Mortgage brokers are making a comeback, but big banks are staying clear

03/08/18

Tight margins, regulatory clarity and a renewed appetite to expand have made mortgage brokers and the wholesale channel attractive again, at least to the small and medium mortgage lenders.

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Mortgage market doesn't need explicit government backing

03/08/18

A Senate proposal calling for a federal guarantee on mortgage-backed securities would only benefit the largest banks and increase the risk of bailouts.

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Wells asked to stay off campus; banks want bigger student loan share

03/08/18

Sen. Durbin wants the bank to ease its college marketing efforts; the Consumer Bankers Association wants the government to make more room for private lenders.

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Fallbrook Technologies: Gears to Spheres…with a Bankruptcy Detour

03/08/18

On her The Bottom Line 11 blog, Fox partner Mette Kurth discussed the recent bankruptcy filing of mechanical systems startup Fallbrook Technologies:

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Here’s how banks can cash in on cryptocurrency

03/08/18

Banks increasingly avoid crypto, but Grainne McNamara at PwC has come up with a framework banks could use to participate in the digital currency world.

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Latest version of Senate reg relief bill aims to address key Dem criticism

03/07/18

The latest version of a bill to give regulatory relief to small institutions includes language designed to ensure that large foreign bank holding companies do not also see their supervision eased.

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Stormy Daniels, Donald Trump, and the Role of Arbitration in Ensuring Silence

03/07/18

For readers who haven't been following along: Stephanie Clifford, aka Stormy Daniels, is an adult film star who allegedly had a sexual relationship with Donald Trump in the mid-2000s. She recently sued Trump and other defendants, seeking to invalidate a settlement agreement in which she was paid to keep silent about the details of the alleged relationship. Here is her complaint, which includes the settlement agreement as an exhibit.

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