Bankruptcy Blogs

It's a question many banks are already confronting head-on as they implement new technologies designed to make compliance easier.

The world of short-term lending was shaken up Thursday as one regulator issued a rule cracking down on payday loans while another made it easier for banks to offer an alternative product.

American Banker’s Most Powerful Women in Banking and Finance gathered Wednesday to celebrate honorees and to mix and mingle over cocktails at Milk Studios, with a panoramic view over Manhattan.

The Supreme Court two years ago ruled in Baker Botts v. Asarco that bankruptcy professionals entitled to compensation from a debtor’s bankruptcy estate had no statutory right to be compensated for time spent defending against objections to their fee applications.  Since then, “estate professionals,” i.e., those retained in a bankruptcy case by a trustee, debtor in possession or an official committee of creditors, have sought ways to limit the potentially harsh impact of that decision.

The Louisiana company also set aside funds to cover efforts to settle litigation tied to its mortgage business.