Bankruptcy Blogs

The Daily Docket: FDIC Takes on New Role as Bankruptcy Lender

08/15/12

The Federal Deposit Insurance Corp . doesn’t usually lend money, especially not to ski resorts. But on Aug. 1, that’s exactly what it did. Read the Daily Bankruptcy Review story here.

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The Interchange Settlement

08/15/12

I've held my tongue for a while on the proposed class settlement in the multidistrict credit card interchange fee litigation (MDL 1720).  I'm weighing in on it now.  I've written up an analysis of the proposed settlement.  It's available here.

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The Tenuous Case for Swaps Clearinghouses

08/15/12

I've got a new short article out about swaps clearinghouses.  It's a response piece to an article by Prof. Yesha Yadav.

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Did StanChart Admit Guilt? Lawsky's Statement Vague on the Matter

08/15/12

Receiving Wide Coverage ...

StanChart Settles: Standard Chartered agreed to pay $340 million to settle Benjamin Lawsky's money-laundering charges, but it's unclear how far the U.K. bank actually budged from its initial position that most of the allegedly illegal transactions were kosher. "The parties have agreed that the conduct at issue involved transactions of at least $250 billion," according to the official statement from Lawsky's New York State Department of Financial Services. This sounds to us...

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Court Applies Divestiture Rule in New Century Bankruptcy Proceeding

08/14/12

Earlier this summer, the Delaware Bankruptcy Court issued an opinion in the New Century Holdings bankruptcy addressing the definition and purpose of the "Divestiture Rule."  See Carr v. New Century TRS Holdings, Inc. (In re New Century TRS Holdings, Inc.), Adv. No. 09-52251(KJC)(Bankr. D. Del.

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Fee Watchdogs Charge AMR Thousands of Dollars

08/14/12
Associated Press
An American Airlines fleet clerk unloads a baggage can.

How much does it cost a company to keep an eye on the fees that its attorneys, adv

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Zip Codes and Internet Searches Populate Database Mines

08/14/12

Twice now the New York Times has reported on a mysterious company in Arkansas, Acxiom, that has been collecting endless data on all of us but no one is entirely sure what they have or why they have it.  This is why neither NYT story makes perfect sense.  Something is wrong but we do not know enough about what they are doing to know what it is.  Consumers do not get to see their files according to the

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We Need More Banks and New Kinds of Banks

08/14/12

Money funds and non-deposit-taking consumer lenders should be chartered as limited purpose banks by the Fed and CFPB, respectively. This will reduce systemic risk, improve consistency and efficiency, and protect consumers.

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Why Bother?

08/14/12

The SEC enters into another rounding error settlement with a financial insitution, this time Wells Fargo.

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How Do You Personally Connect with Customers?

08/14/12

A personal touch can help a bank stand out, but providing great service is a challenge in our increasingly digital society. How do you develop meaningful (and lasting) relationships with your customers?

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