Bankruptcy Blogs

CFPB Should Regulate, Not Eliminate, Prepaid Cards

06/21/16

Consumers deserve disclosure and the protections enjoyed by payroll card users, but it is critical that regulations do not put providers out of business.

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We Have Tools to Revive Homeownership — It's Time to Use Them

06/21/16

Steps to improve credit access, evangelize for down payment programs and offer borrower counseling can stop and even reverse the decline in homeownership.

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CRA Goals Are the Casualty of CIT-OneWest Merger

06/21/16

The ultimate approval of the CIT-OneWest merger by regulators represents a giant step backwards for the Community Reinvestment Act.

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Morning Scan: Fed's Big 'Stress Test' Reveal Ahead

06/21/16

Receiving Wide Coverage ...

The Federal Reserve has a way of injecting "stress" back into the term "stress tests" — at least for Bank of American and Citigroup, which have both stumbled during the examinations in recent years.

An analysis by the Wall Street Journal finds that the two banks could have returned as much as $24 billion more to shareholders if the level of dividends and share buybacks they offered had matched those of competitor Wells...

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U.K.’s Sports Direct and Modell’s May Bid on Sports Authority

06/21/16

[wsj-responsive-image P="//art.wsj.net/api/photos/39017482/smartcrop?height=499&width=749" J="//art.wsj.net/api/photos/39017482/smartcrop?height=639&width=959" M="//art.wsj.net/api/photos/39017482/smartcrop?height=853&width=1280" credit="Associated Press" placement="Inline" suppressEnlarge="false" ]

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Regulators Can't Force Good Risk Management

06/20/16

Financial incentives leading firms to strengthen risk governance internally is better than regulators mandating risk management standards.

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Maxus Energy Corp. Filed For Chapter 11

06/20/16

Yet another company in the energy sector has filed for bankruptcy protection.  On June 17, 2016, Maxus Energy Corporation, and its affiliates (“Debtors”) filed for chapter 11 protection in the United States Bankruptcy Court for the District of Delaware.

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Coming and Going Concerns

06/20/16

Thomas M. Horan will lead the law firm Shaw Fishman Glantz & Towbin’s new office in Delaware. Mr. Horan, who most recently worked with law firm Womble Carlyle Sandridge & Rice, has represented debtors, creditors’ committees and other parties in chapter 11 cases. Mr. Horan is on the American Bankruptcy Institute’s board of directors.

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Peabody Is Paying Laurence Tribe to Fight Climate Plan

06/20/16

[wsj-responsive-image P="//art.wsj.net/api/photos/37799296/smartcrop?height=499&width=749" J="//art.wsj.net/api/photos/37799296/smartcrop?height=639&width=959" M="//art.wsj.net/api/photos/37799296/smartcrop?height=853&width=1280" caption="A dragline excavator mines coal in this aerial photograph taken above the Peabody Energy Somerville Central strip mine in Oakland City, Ind. The company is paying Harvard Law School professor Laurence Tribe at least $435,000 to lead its opposition to the Obama administration’s signature climate-change initiative." credit="Bloomberg News" placement="Inline"

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