Bankruptcy Blogs

Affirmative Insurance – Dueling Motions to Dismiss, Denied

03/30/17

In a 33 page decision released March 29, 2017, Judge Sontchi of the Delaware Bankruptcy Court ruled on competing motions to dismiss the remaining claims and counterclaims in an adversary proceeding in the Affirmative Insurance bankruptcy – Adversary Proceeding Case No.

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Consumer Rights to Know Regarding Adverse Action

03/30/17

Four core federal consumer financial laws—the Truth in Lending Act (and Reg Z), the Electronic Fund Transfer Act (and Reg E), the Real Estate Settlement Procedures Act (and Reg X) and the Equal Credit Opportunity Act (and

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Senate Banking Committee will be focused on small victories: Crapo

03/30/17

Senate Banking Committee Chairman Mike Crapo acknowledged Thursday that a broad Dodd-Frank relief package is likely out of reach, but said targeted reforms could still pass.

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Will change to credit reports reshape how banks vet borrowers?

03/30/17

The credit bureaus will change the way they include information about tax liens and civil judgments in credit reports. This could spur lenders' use of alternative credit data.

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East West sells San Francisco office building for $120 million

03/30/17

The California company will lease space on three floors of the building, while keeping a branch at the location.

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What banks want (and don't want) from tax reform

03/30/17

Bankers are watching Congress for a handful of tax reform provisions that could have a big impact on their business.

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Megabanks lead fight to curtail influence of ‘social impact’ investors

03/30/17

Investors concerned about the impact on banking of climate change, the pay gap and ethics matters are pushing back against a coalition of the heads of the biggest U.S. banks and other public companies that wants to limit small investors’ access to proxy ballots.

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Republicans may soon target informal regulatory actions: Toomey

03/30/17

With slim odds of getting eight Democrats to support major Dodd-Frank Act reforms, Republicans are turning to other measures to make changes to the 2010 reform law.

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GSE regulator calls for better alignment of mortgage buyback policies

03/30/17

Private market mortgage insurance companies should better align their buyback and rescission policies with those of Fannie Mae and Freddie Mac, the Federal Housing Finance Agency said.

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Is one-stop banking viable anymore?

03/30/17

The concept of a primary bank that satisfies all customer needs is becoming a relic of the past, so banks must rethink their revenue models.

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