Bankruptcy Blogs

Opinion in NewPage (Pirinate Consulting) is a Reminder of 547 Defenses

10/04/16

Over three years ago, in September 2013, Pirinate Consulting Group LLC, in its capacity as Litigation Trustee (the “Trustee”) of the NewPage Creditor Litigation Trust, began filing complaints in the Delaware Bankruptcy Court seeking the avoidance and recovery of what the Trustee alleges are preferential transfers.  You can read our summary of the initial preference filings here: Pirinate Consulting, Trustee in Ne

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The Wells Fargo Scam Is a Gift to No One

10/03/16

While the Wells Fargo scandal might offer marketing opportunities for community banks, there is concern about regulatory fallout that fails to distinguish between large and small banks.

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There's Still Time to Stem Decline of Black-Owned Banks

10/03/16

A strategy to reinvigorate black-owned financial institutions would not only bring hope to the black community but would also be an inspiration for other minorities who seek to be more effectively served by financial institutions that understand their needs.

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Morning Scan: Deutsche Bank Steals Spotlight; Clawback Critique

10/03/16

Receiving Wide Coverage ...

Deutsche's turn in the hot seat: Deutsche Bank replaced Wells Fargo as the financial world's favorite whipping boy, at least over the weekend. The Financial Times reports that Germany's deputy chancellor and economics minister, Sigmar Gabriel, "launched a blistering attack" on Deutsche's CEO John Cryan after Cryan last week blamed "forces in the market" for trying to destabilize the bank. "I didn't know whether I should laugh or be furious that a...

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Wells Fargo Scandal Exposes Need for Bank Loan Officer Licensing

09/30/16

Restoring consumer confidence in financial services won't be easy after the latest banking brouhaha, but the Consumer Financial Protection Bureau can help by proactively holding all mortgage loan officers to the same federal licensing standard.

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How to Deal with AML Risks from a Fintech Partnership

09/30/16

Strategies include developing formal agreements with partners defining the anti-money-laundering requirements and responsibilities that are expected of them.

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Morning Scan: Threats to Split Up Wells Fargo; IBM Buys Promontory

09/30/16

Receiving Wide Coverage ...

Run on Deutsche?: Deutsche Bank shares were under pressure again Friday morning as several large, influential hedge funds moved to pull their money out of the bank, creating what some fear is a Lehman Brothers-type run. But CEO John Cryan told staff the bank has "strong foundations" and urged them not to be distracted by "distorted perception from outside." He said there are "currently some forces at play in the market that...

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Women in Banking: Power, Empathy, and Courage

09/29/16

The rankings of the Most Powerful Women in Banking and Finance include some familiar faces but also plenty of newcomers. We also look at the courage women demonstrate balancing work with their personal lives and a call to action from SEC chair Mary Jo White.

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How the CFPB's Unfairness Doctrine Pushes the Envelope

09/29/16

The Consumer Financial Protection Bureau's proposal not only requires lenders to determine a borrower's ability to repay, but also forces creditors to follow the bureau's approach to making that determination.

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Sales Culture Is Not the Evil It's Made Out to Be

09/29/16

As the Wells Fargo story has played out, pundits have been quick to blame "sales culture" for improper behavior, but that's like blaming automobiles for reckless drivers.

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