Bankruptcy Blogs

Dewey Leaders Seek Dismissal of Criminal Charges

07/15/14
Dewey’s former chairman, Steven Davis, second from right, and former finance chief, Joel Sanders, third from right, arriving in court in March.
Reuters

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Diamond McCarthy Sues Former Partner to Recoup Dreier Bankruptcy Fee

07/15/14

In the niche practice of law-firm bankruptcies, Texas law firm Diamond McCarthy LLP has earned a reputation for its willingness to sue other lawyers.

Now, the firm is suing a lawyer it knows well—its former partner Sheila Gowan, who Diamond McCarthy says unjustly pocketed a $1.4 million fee for her work as Dreier LLP’s bankruptcy trustee.

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How Banks Can Prime Themselves for Digital Transformation

07/15/14

Banks that want to stay ahead of the digital curve should consider hub-and-spoke branch models, products that blend digital and physical services and innovation labs that allow creative thinkers to experiment Â-- and even to fail.

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Giant Collection Law Firm Sued by Government for Deceptive Practices

07/15/14

collection lawsuit millThe Consumer Financial Protection Bureau (a federal agency) has filed a lawsuit in federal

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Customer-Friendly Mortgage Lessons from Banks Down Under

07/15/14

Australian banks give homeowners greater flexibility with portable loans and an option that lets customers make prepayments on their mortgages and tap into the extra cash later. American banks could increase customer retention Â-- and build stronger client relationships Â-- by doing the same.

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Operation Choke Point: Payday Lending, Porn Stars, and the ACH System

07/15/14

Pop quiz:  what do payday lenders have in common with on-line gun shops, escort services, pornography websites, on-line gambling and the purveyors of drug paraphrenalia or racist materials?  

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Morning Scan: Citigroup to Pay $7B Fine for Allegedly Selling 'Toxic Financial Products'

07/15/14

Breaking News This Morning ...

Earnings: JPMorgan Chase, Comerica, Commerce Bancshares Receiving Wide Coverage ...

Citigroup Settlement, Day 2: Citigroup has agreed to pay $7 billion to settle Justice Department charges it sold mortgage-backed securities stuffed with subprime mortgages to unsuspecting investors in the years leading up to the 2008 financial crisis. About $4 billion of the penalty will go into the U.S. Treasury's general fund. The rest will be divided among other federal agencies, with about $2.5...

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The Daily Docket: LightSquared Reaches Restructuring Plan Deal

07/15/14

Philip Falcone‘s LightSquared has reached a deal on a restructuring plan that has the support of Dish Network Corp. Chairman Charlie Ergen, its top secured lender. The Wall Street Journal has the Daily Bankruptcy Review article here.

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Me in DC

07/15/14

A quick note on a couple of events today that might be of interest to Slips readers:

First, I'm participating in an ABI webinar about "chapter 14" and related topics.

Second, I'll be testifying in front of the House Judiciary Committee on proposed legislation to add a subchapter V to chapter 11, for financial institutions.

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Why Debt Settlement May Hurt Consumers More than It Helps

07/14/14

A recent report from the Center for Responsible Lending finds that debt settlement companies frequently fail to settle the bulk of their clientsÂ' debts, leaving them in even weaker financial positions.

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