Bankruptcy Blogs

Reviewing the Review of the Review of Foreclosures

03/01/13

Receiving Wide Coverage ... The Sequester: It's scheduled to take effect sometime today, with a last-minute budget deal considered unlikely. For banks, that means budget cuts at regulators, further delaying Dodd-Frank rulemakings, not to mention indirect effects on the industry from the broader economic impact, as American Banker recently explained. For big-picture coverage: Wall Street Journal, Financial Times, New York Times, Washington Post ...

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The Daily Docket: J.P. Morgan Balks at Lehman Lehman Bid to Question ‘London Whale’

03/01/13

J.P. Morgan Chase & Co. is balking at Lehman Brothers Holdings Inc.’s efforts to question the trader known as the “London Whale” over derivatives trades, saying the failed investment bank is on a speculative fishing expedition meant to harass the bank in connection with the long-running litigation involving the two companies. Read the Daily Bankruptcy Review article here.

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How to Make the Most of a Bad Situation

03/01/13

Bankers must concentrate on achieving greater efficiencies, stop focusing on short-term goals and strike the right balance between unacceptably poor compliance practices and unattainable perfection.

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Student Loan Bubble Data

03/01/13

The New York Fed has posted a new analysis of student loan debt.  Depending on how you read the data, student loan borrowers are either in serious trouble, or are no worse off than consumers with credit card debt or car loans.  The bad news is that only 39% of borrowers are paying down their student loan debt.

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Sportsman's Warehouse Reminds Us of Basic Contract Interpretation Principles

02/28/13

Summary

In a 25 page opinion published February 7, 2013, Judge Sontchi applied black-letter contract interpretation principles in conjunction with the bankruptcy rules in holding that a landlord was not entitled to damages resulting from a debtor's breach of its lease. Judge Sontchi’s opinion is available here (the “Opinion”).

Background

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Home Lenders Damned if They Stick to QM, Damned if They Don't

02/28/13

Making home loans that aren't "qualified mortgages" will soon carry legal risk. Will making only QM loans expose lenders to fair-lending claims under the disparate impact doctrine? Washington must clarify.

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Regulate Prepaid Cards as Debit Cards? Not So Fast

02/28/13

Checking account regulations are outdated even for their primary product. Why would you want to regulate prepaid cards with a set of archaic rules?

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Peregrine’s $20M Green Headquarters on the Market

02/28/13
Reuters
Exterior view of the Peregrine Financial Group headquarters.

The structure once called

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