Bankruptcy Blogs

Army Officers Can Be the New Captains of This Industry

08/05/14

The skill set of successful military commanders makes them uniquely well-suited to compliance roles in today's strict regulatory environment, writes former U.S. Army Captain Jonathan Hendershott.

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The Daily Docket: Caesars Bondholders File Suit

08/05/14

A group of Caesars Entertainment Operating Co. bondholders sued the company Monday night, accusing Caesars of transferring money between entities to protect its “good” assets from creditors as the rest of the company’s financial condition deteriorated. The Wall Street Journal has the Daily Bankruptcy Review article here.

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Morning Scan: Lawsky Deepens Ocwen Probe; Should Firms Stay Mum on Data Breaches?

08/05/14

Receiving Wide Coverage ...

Ocwen Under Fire: New York financial watchdog Benjamin Lawsky is turning up the heat against mortgage servicer Ocwen Financial. The superintendent of New York's Department of Financial Services is accusing Ocwen of routing as much as $65 million worth of fees each year to an affiliated insurance company, Altisource. In a letter to Ocwen's general counsel Lawsky also highlights "serious concerns about the apparently conflicted role played by Ocwen executive chairman William...

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Publishing Opportunity with International Consumer law Journal

08/04/14

The National Law School of India University (NLSIU), Bangalore, sponsored by the Indian Ministry of Consumer Affairs Department, New Delhi. India, is involved in various research activities in the area of Consumer Protection. It publishes the International Journal on Consumer Law and Practices and seeks articles on the topic of consumer law, which might be of use to students, academicians, consumer lawyers, policy-makers, consumers themsleves, and non-governmental organizations worldwide.

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Not all Native Americans are Doing, Let Alone Getting Rich Off, Payday Loans

08/04/14

 The Wall Street Journal has run several stories over the past few years about how Indian Tribes are getting rich off payday lending. These stories always tell a fraction of this story, leaving readers with the misperception that all tribes do this lending and that those who do, get rich. The reality is that only a small percentage of Native people do payday lending, and the only people getting rich off these operations are non-tribal lenders that use tribes to get around state laws. A week or two ago, it happened again.

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Banks Have a Case of Digital Marketing Myopia

08/04/14

Digital channels are not strategies in and of themselves, writes Kevin Tynan. In fact, three important customer groups are unlikely to be swayed by mass emails and pay-per-click advertising.

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Five Things to Know About Espirito Santo International

08/04/14
Reuters

One surprise in Banco Espirito Santo SA’s collapse this month is how parent company Espirito Santo International was able to operate for decades with minimal oversight despite its web of transactions a

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How Regulators Can Help AML Compliance Officers Do Their Jobs

08/04/14

Enforcement actions can head off future Bank Secrecy Act violations by outlining the specific steps that compliance officers ought to have taken, according to Robert Axelrod of Deloitte Transaction and Business Analytics.

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