Bankruptcy Blogs

The CFPB should prohibit financial institutions from reordering transactions to maximize overdraft fees, require that fees be proportional to a bankÂ's costs to provide the loan and ban providers of prepaid cards from offering overdraft loans altogether, according to Susan Weinstock of The Pew Charitable Trusts.

Receiving Wide Coverage ...

U.S. Trains Sights on Commerzbank: U.S. regulators are accusing another European bank of violating U.S. economic sanctions after striking an $8.9 billion deal with French lender BNP Paribas over the same charge last week. Germany's Commerzbank is on the hot seat for allegedly doing business with companies in Iran and Sudan, according to the New York Times. Because Germany owns 17% of Commerzbank, the Times wonders whether "settlement talks could inflame diplomatic...

Joe Francis’s ride at the helm of his Girls Gone Wild porn

A disparate-impact ruling against a small Texas bank was supposed to lower the cost of small-dollar loans for Hispanic borrowers, but it has instead had the opposite effect, writes Attorney Peter Weinstock.

Receiving Wide Coverage ...

Debating the Export-Import Bank: Supporters of the Export-Import Bank are fighting back against the House Republicans who want to scrap it. Each member of Congress will receive in the coming weeks, "a personalized index card laying out exactly which companies in their districts benefit from the financing agency and how many people they employ" according to the Wall Street Journal. Companies including General Electric and Boeing, along with industry groups such as...