Bankruptcy Blogs

Reading the Tea Leaves on Cybersecurity Regulation

11/26/14

Recent speeches by Benjamin Lawsky and other regulators suggest that government officials are gearing up to issue new cybersecurity rules. Banks' relationships with third-party vendors are one likely area of focus.

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Ruling Lets Bankrupt Woman Keep Rare Mormon Scripture

11/26/14
An 1830 first edition of the Mormon scripture, “Book of Mormon,” is displayed at the Church of Jesus Christ of Latter-Day Saints Church History Library in Salt Lake City, Utah, in Se
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Mortgage Debt Relief Act of 2007 Expired January 1, 2014

11/26/14

Unless the Mortgage Debt Relief Act of 2007 is extended, distressed homeowner’s face the risk of the imposition of income taxes on the discharged mortgage debt upon a short sale, short refinance or foreclosure.

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CFPB's Prepaid Card Rules Put a Freeze on the Future

11/26/14

The CFPB's proposed requirements threaten to trap next-generation digital wallets and cryptocurrency innovations in a consumer protection regime narrowly tailored to the unique characteristics of reloadable prepaid cards.

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The Daily Docket: Ex-Owners Settle Lake Las Vegas Suit for $115 Million

11/26/14

The former owners of Lake Las Vegas, including two of Texas’ billionaire Bass brothers, paid $115 million last month to quietly settle a long-running lawsuit tied to the luxurious golf community and resort’s collapse into bankruptcy in 2008, according to confidential settlements viewed by The Wall Street Journal. Read the exclusive Daily Bankruptcy Review story in the Journal.

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Morning Scan: HSBC in Hot Water; How CEOs Tangle with Activist Investors

11/26/14

Receiving Wide Coverage ...

HSBC in Regulators' Crosshairs: Loose lips sink ships, as American propaganda posters during World War II once proclaimed, but it seems some bank employees are unaware of the idiom. The Wall Street Journal reports the Justice Department has launched a probe into allegations that an HSBC trader alerted a major hedge fund to confidential details about an imminent currency exchange deal in 2010. The probe "suggests that the U.S. is eyeing a...

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How Community Banks Can Get Millennials to Go Local

11/25/14

Millennials frequent independent coffee shops and farmers markets, so it stands to reason they'll see the appeal in community banks. Meanwhile, smaller lenders can court young people by appealing to their entrepreneurial spirit.

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The Daily Docket: NII Holdings Strikes Deal With Bondholders

11/25/14

NII Holdings Inc. on Monday announced a restructuring deal that would put the Latin American Nextel carrier in the hands of its bondholders. Read Joe Checkler’s Daily Bankruptcy Review story in The Wall Street Journal.

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Overdraft Protection Rules Could Hurt Consumers More Than They Help

11/24/14

Before the CFPB imposes new rules on overdraft fees, it should consider whether restricting consumer access to this feature could drive people to more expensive alternatives like payday loans.

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The Daily Docket: Revel Looks to Salvage Sale to Brookfield

11/24/14
The Revel Casino Hotel in Atlantic City, N.J.
Mel Evans/Associated Press

Lawyers representing Atlantic City, N.J.’s Revel Casino Hotel will meet with a h

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