Bankruptcy Blogs

Morning Scan: Mortgage Lending Debate; London Whale Blame Game

10/22/14

Receiving Wide Coverage ...

New QRM Rule Assessed: The reviews are coming in on the final QRM rule and reaction is mixed. The American Bankers Association indicated it could live with the new rule, which doesn't require a down payment in its criteria for being exempted from risk retention, saying it "might have been more restrictive." Former FDIC Chairman Sheila Bair, however, described the final version of the risk retention rule as "unfortunate" because "if the...

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A Simple CRA Is an Effective CRA

10/21/14

The Community Reinvestment Act is often used as a tool to address a broad range of social problems. But the lawÂ's expanded purpose may distract banks from their primary mission of direct lending to low- and moderate-income communities.

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Why the SEC's $30M Whistleblower Award Should Make Banks Nervous

10/21/14

The SEC's mammoth whistleblower bounty offers a reminder that financial institutions should emphasize a culture of compliance and transparency, lest frustrated employees head to the government to find an audience that will listen.

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GT Advanced ‘On the Cusp’ of Settlement With Apple

10/21/14

GT Advanced Technologies has, for the third time, asked a court to push back the deadline for Apple Inc. to state its case for keeping secret the causes of GT Advanced’s bankruptcy.

 

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The Daily Docket: LDK Solar Files for Chapter 11

10/21/14

LDK Solar  USA filed for Chapter 11 protection Tuesday to implement a debt-restructuring agreement with senior bondholders owed about $295 million. Read the Daily Bankruptcy Review article here.

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Morning Scan: Bankers Warned at New York Fed; Watt's Mortgage Plan

10/21/14

Receiving Wide Coverage ...

Bankers Warned: Big banks, be warned (again). In closed-door meetings Monday, Federal Reserve Gov. Daniel Tarullo and New York Fed President William Dudley said big banks must clean up their acts, or face repercussions. Those consequences could include things like "performance bonds," limits on executive compensation and a central registry to track the hiring and firing of traders and other top finance officials, all of which were reported by the Wall Street...

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‘Hottest Girl in America’ Settles With Girls Gone Wild

10/21/14
Chelsea Heath, Girls Gone Wild’s 2010 Hottest Girl in America.
Chris Lambeth

Lawyers who are settling old legal disputes involving Girls Gone Wild have r

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Meet the Newest Pick for the Delaware Bankruptcy Bench

10/20/14
Laurie Selber Silverstein

Nearly a decade ago, attorney Laurie Selber Silverstein played a role in naming four new judges to sit on the Delaware bankruptcy bar in the largest expansion of the court’s history. Soon, Ms.

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To QM or Not to QM? That Is the Question for Banks

10/20/14

Many have predicted that banks will be unwilling to accept the additional risks associated with non-QM lending. But a recent survey suggests that some lenders are dipping their toes into the waters.

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Broken Promises to Fannie and Freddie Investors

10/20/14

The federal government's unlawful sweep of Fannie and Freddie profits has sent a clear message to private capital: There's only downside to being the government's partner in a time of crisis.

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