Bankruptcy Blogs

Dewey Docket: Laid-Off Staff to Have Their Day in Court

02/13/13
Reuters

A former Dewey & LeBoeuf LLP document specialist who sued the law firm last year after 450 staffe

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Dilution of Basel III Threatens Global Financial Stability

02/13/13

Due to continuing struggles within global economies, the interconnected financial framework requires higher levels of capital, liquidity and investments in assets that can objectively be considered safe.

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Two very Important FTC Studies, One on Credit Reports and One on Debt Buyers

02/13/13

A recent FTC study of errors in credit reports is getting a lot of press. According to the most recent in a number of studies of the accuracy of credit reports, about 5% of U.S. consumers have an error on their credit report that is serious enough to increase their cost of credit. Although the credit industry is arguing that this is a small percentage (and I agree that this is a lot smaller than I expected), the head of the FTC does not consider it small.

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The State Legislative Process: It’s no Fun Watching Sausage Being Made

02/13/13

In a recent trip to testify before a state legislature, I was reminded of why one might want to avoid these types of interactions. First, it is no fun, second, is not required as a condition of my employment, and third, at least so far, no good ever comes of it.

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Banking Conspicuously Absent from State of the Union Address

02/13/13

Receiving Wide Coverage ...

State of the Union Address: Obama urged passage of a mortgage refinancing bill, but otherwise made no mention of banking or financial services, to the relief of some industry executives. In the Republican rebuttal, Marco Rubio alluded to the role of "reckless government policies" in the housing crisis and called for improved disclosures to student loan borrowers. Incidentally, why all the fuss about taking a swig of water? He was giving a...

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The Daily Docket: Revel Hires Restructuring Pros

02/13/13

Revel, the struggling Atlantic City casino, has hired restructuring lawyers and bankers to mull options for reworking a heavy debt load, The Wall Street Journal reports.

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How to Keep Mobile Banking from Becoming a Bust

02/13/13

Retail banks must start innovating, improve integration across channels and consider charging fees for services to maximize their return on investment.

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The Virtues of Price Caps

02/13/13

In the last post I discussed the potential benefits of price caps in the small loan market, one of which was to bring the price down to what consumer price shopping would produce if it were present in that market. Now I would like to turn to the potential benefit of price caps in even the most (albeit still quite imperfectly) price-competitive credit market, the mortgage market.

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Usury and the Loan Shark Myth

02/13/13

Consumer financial education, disclosure, and defaults all dispensed with in my prior posts, shall we move on to “substantive” regulation, dare I even say “usury”?

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