Bankruptcy Blogs

PacWest in Calif. to exit general cash flow lending

12/11/17

The Los Angeles company will sell $1.6 billion in loans, largely tied to technology and health care, by the end of this year.

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This insurer turned student loan servicer in right spot, right time

12/11/17

ReliaMax is an unusual kind of marketplace lender that says it can help regional and community banks take advantage of business opportunities in private student lending.

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‘No one got everything they wanted in this bill’

12/11/17

What’s in the Senate plan to scale back the Dodd-Frank Act and if it goes through, how will it impact bankers? American Banker reporter Ian McKendry reports on the potentially landmark legislation.

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Gross Opinion Calls New Value “A Beacon of Light”

12/10/17

In a 32 page opinion entered December 5, 2017 Judge Gross of the Delaware Bankruptcy Court ruled on cross motions for summary judgment concerning an avoidance action in the Simplexity bankruptcy. Judge Gross’s opinion is available here (the “Opinion”).  This Opinion arises from a complaint brought by Charles A.

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Aurelius v. The Control Board: What is Going On? (Part II)

12/08/17

First, thanks to all of you who emailed and commented with possible answers as to what the Aurelius strategy in challenging the constitutionality of the Puerto Rican Control Board might be (the subject of Part I).  My favorite answer was the simple: “Create Chaos”.  That was followed by another answer: “Once the sheep start panicking, they become easy pickings for the wolves.”  I’m not sure that I understand either strategy, but tha

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Trump's Wells Fargo tweet fuels regulatory independence concerns

12/08/17

The president's vow to come down hard on the San Francisco bank fans a debate about the independence of regulatory agencies such as the CFPB.

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Building up in Baltimore, and mastering the London Stock Exchange

12/08/17

Howard Bank’s Mary Ann Scully brings hometown banking back to the Charm City; Blythe Masters is a candidate to lead the London Stock Exchange; law professor Tamar Frankel is still shaking up Wall Street, even at 92.

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Group files application to form bank in Alabama

12/08/17

The proposed CommerceOne Bank in Birmingham, Ala., would be run by former executives at First Partners Bank, which was sold earlier this year.

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Pranks at CFPB, tax cuts' impact and bitcoin: Top stories of the week

12/08/17

For the second week in a row, the CFPB's leadership shakeout dominated readers' attention, while a regional banker discussed efforts to fight hacking and the impact of the tax cuts, and bitcoin's price soared.

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Consumer advocates file brief opposing CFPB’s Mulvaney

12/08/17

Advocacy groups filed an amicus brief supporting Leandra English’s suit to head the Consumer Financial Protection Bureau, arguing that President Trump's interim pick of Mick Mulvaney was illegal.

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