Bankruptcy Blogs

The new prepaid rules make it harder for bad actors to enter the industry while also being broad enough to apply to future digital products.

Receiving Wide Coverage ...

Wells names senior team: Wells Fargo announced several management appointments Monday even as it continues to try to manage the fallout from its phony accounts scandal. Avid Modjtabai, who previously led consumer lending at the bank, has been named head of a new payments, digital and innovation group. Franklin Codel was named to replace her as head of consumer lending. The two managers were named by President and COO Timothy J. Sloan,...

According to the United States Bankruptcy Court for the District of Delaware’s website, the Court has instituted an annual process to review and consider comments and revisions to its Local Rules.  See announcement here.  The comment period is October 1, 2016 through October 31, 2016.  All comments received will be considered by the Local Rules Committee. Revisions to the Local Rules will be effective February 1, 2017.

Current proposals about what to do with Fannie Mae and Freddie Mac that still focus on a government-backed solution are misdirected.

If Wells Fargo employees were fired for trying to stop the bankÂ's improper account practices, as has been claimed in court, it shines a spotlight on the need for more whistleblower assistance.