Bankruptcy Blogs

Democrats successfully delay vote on Treasury Secretary-designate Mnuchin

01/30/17

Senate Democrats delayed a planned panel vote Monday on the nomination of Treasury Secretary-designate Steven Mnuchin, pushing it back until Tuesday morning.

[more]

PHH seeks to block state AGs from intervening in CFPB case

01/30/17

PHH Corp. is opposing an attempt by Democratic attorneys general in 16 states and the District of Columbia to intervene in an appeals court case that found the Consumer Financial Protection Bureau unconstitutional.

[more]

Big banks struggle to understand scope, impact of Trump travel ban

01/30/17

The largest U.S. banks are treading lightly in response to President Trump's executive order banning travel to the U.S. by refugees and others from certain Muslim nations. Corporate statements emphasize the need for diversity while stopping short of outright opposition.

[more]

CFPB sues law firms over alleged debt relief scam

01/30/17

The CFPB sued the attorneys and law firm that worked with now-bankrupt debt relief firm Morgan Drexen, alleging they continued a scam that charged millions in fees to thousands of consumers seeking debt relief.

[more]

Democrats vow to oppose, delay Mnuchin's confirmation to Treasury

01/30/17

Several prominent Democrats, including Minority Leader Charles Schumer, said Monday that they would oppose the nomination of Treasury Secretary-designate Steven Mnuchin.

[more]

Opus loses money again after recording another big provision

01/30/17

The California bank has hired an outside firm to review its loans and will de-emphasize health care lending.

[more]

Former NOVA chairman sentenced for Tarp fraud

01/30/17

Barry Bekkedam was also fined $100,000 for a failed effort to bring in Tarp funds before NOVA failed in 2012.

[more]

Refi boom is over, but home equity demand could pick up slack

01/30/17

With home values — and interest rates — rising, homeowners finally seem ready to tap into their homes' equity to fund long-delayed home-improvement projects.

[more]

Citi breaks silence, objects to Trump travel ban

01/30/17

After initially declining this weekend to weigh in on President Trump’s travel ban regarding refugees and others traveling from seven nations, Citigroup said Monday that it is worried about the order’s impact on its employees and customers.

[more]

Goldman Sachs breaks with Trump administration on travel ban

01/30/17

In a sharply worded message to staff, Lloyd Blankfein, Goldman Sachs' longtime head, broke with the Trump administration over its controversial attempt to crack down on immigration.

[more]