Bankruptcy Blogs

The Bubble According to Todd

01/25/13

Todd Zywicki has a long blog post criticizing the CFPB's Qualified Mortgage (QM) rule and using it as a jumping-off point for a call to transform the CFPB's leadership from a single Director to a commission.

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NLRB and CFPB: Recess Appointments

01/25/13

The DC Circuit's decision in
Noel Canning v. NLRB invalidated an National Labor Relations Board ruling on the grounds that three of the NLRB's five members were not validly appointed, so the NLRB lacked the necessary quorum to act.  The DC Circuit's held on two separate grounds that the NLRB members were not validly appointed.

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Recess at the CFPB?

01/25/13

As
has been widely
reported , the D.C. Circuit
today ruled
unconstitutional the
president's power to make recess appointments. This is a good thing.

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Jury's Still Out on CARD Act

01/25/13

Our analysis is agnostic on whether the costs are proportional to the benefits. But we find the claim that the CARD Act has had no cost to cardholders to be too hopeful based on current data.

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The Broke and the Beautiful: McDreamy Edition

01/25/13

This week on The Broke and the Beautiful, actor Patrick Dempsey, aka TV’s “McDreamy,” gives us the scoop on his purchase of the Tully’s coffee chain out of bankruptcy. Also this week, boxing promoter Don King is settling a score—on litigation related to Ponzi-scheme operator Scott Rothstein.

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Ex-Dreier Partners Face Unfinished Business Lawsuit

01/25/13

Dreier LLP is demanding its share of the millions of dollars in fees earned from litigation that its former patent lawyers continued working on after the firm’s collapse.

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Bank Customers I'll Never Forget

01/25/13

"Madam," the manager told her, "now you will close your account and get out."

[more]

The Daily Docket: Nortel Mediation Efforts Fail

01/25/13
Associated Press

Efforts to mediate an agreement over how to divide $7.3 billion raised in the bankruptcy of Nortel Networks Co

[more]

Mixed Reviews for New SEC Nominee; Morgan Stanley CEO Takes a Pay Cut; A Big Win for Goldman

01/25/13

Receiving Wide Coverage ...

The Enforcers: Reaction to President Obama's nomination of former prosecutor Mary Jo White as the new head of the Securities and Exchange Commission is a bit of a mixed bag. While headlines acknowledge the pick sends a message to Wall Street — as White is a former top prosecutor and defense lawyer with an impressive (and aggressive) record — their accompanying stories also point out she lacks knowledge of Wall Street arcana....

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