Bankruptcy Blogs

CFPB chief freezes data collection; SEC takes first ICO action

12/05/17

Acting director Mulvaney has major concerns about cybersecurity at the agency; the commission says a Canadian company's initial coin offering is a 'scam.'

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Senate Democrats demand CFPB leader 'who is tough on Wall Street'

12/05/17

In a letter to President Trump, 44 Democratic senators said the White House's appointment of Mick Mulvaney as interim director of the Consumer Financial Protection Bureau "jeopardizes the agency’s independence and effectiveness."

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Meet the new crop of bank regulators

12/05/17

More than 10 months into office, the Trump administration’s takeover of banking regulators is effectively complete.

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Cordray said to be announcing bid for Ohio governor on Tuesday

12/04/17

Richard Cordray, whose resignation as director of the Consumer Financial Protection Bureau sparked a battle over the agency's leadership, plans to announce on Tuesday he's running for Ohio governor as a Democrat.

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Colonial Savings founder James S. DuBose dies at 93

12/04/17

Colonial Savings founder James S. DuBose died after a yearlong battle with cancer. He was 93.

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CFPB's Mulvaney backs congressional repeal of payday lending rule

12/04/17

Mick Mulvaney, the agency's acting director, said he believes the small-dollar lending rule is too far along to roll back through regulation but hopes Congress will repeal it.

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Common securitization platform testing taking longer than expected

12/04/17

Testing of the common securitization platform is taking longer than expected, but the Federal Housing Finance Agency said it won't delay the 2019 launch of Fannie Mae and Freddie Mac's new single "uniform mortgage-backed security."

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Odious Debts: A New Book

12/04/17

Classes are over, which means that I get to finally open some of the fun books that I've been meaning to read. Most of what I read is too low brow for me to have the courage to mention here. Plus, Mark tells me that the books in question have to have at least a distant relationship to credit and law.

A couple of days ago, Mark and I talked about Barak Richman's wonderful "Stateless Commerce".

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BankUnited in Fla. set to receive nearly $300M tax refund

12/04/17

The expected refund is tied to loans that investors bought when they acquired the failed BankUnited in 2009.

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Special-purpose lenders could get boost from GOP bill

12/04/17

The Small Business Credit Availability Act aims to double the debt-to-equity ratio for business development companies. Increased leverage could spur more lending to small and midsize borrowers.

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