Bankruptcy Blogs

Fannie, Freddie Deemed Unforgiving; Visa Sideswiped by EU

08/01/12

Receiving Wide Coverage ... It's the Principle of the Matter: The Federal Housing Finance Agency caused a stir when it went against the Treasury Department's wishes and ruled principal reductions would not be awarded to struggling borrowers whose loans are owned by Fannie Mae or Freddie Mac. FHFA acting director Edward DeMarco ultimately cited moral hazard, maintaining a small number of strategic defaults on mortgages would wind up hurting taxpayers. In a written rebuttal, U.S. Treasury...

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Bankers Should Support Lifting the CU Lending Cap

08/01/12

The Small Business Lending Enhancement Act would let credit unions help small businesses and our economy without costing taxpayers a dime. Whether lifting the cap creates one job or 1,000, it would be a success.

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AALS Call for Papers: Securities Regulation, Financial Institutions & Consumer Financial Services

07/31/12

Hello Scholars! The AALS Section on Securities Regulation and the Section of Financial Institutions & Consumer Financial Services are sponsoring a Call for Papers for their joint program on Friday, January 4th at the AALS 2013 Annual Meeting in New Orleans, Louisiana. 

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341 Meeting Understanding the Process

07/31/12

Bankruptcy is a complex solution to a complex problem. It can be an intricate process,especially when it comes to Chapter 7 bankruptcy. One aspect of that process is the 341 Meeting. While its name may sound like legal gobbledygook, its purpose in the bankruptcy process is vital. The Purpose of a 341 Meeting The 341 [...]

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A Guide to Surviving Foreclosure

07/31/12

For too many Americans, the word “foreclosure”  or ” surviving forclosure” symbolizes a feeling of powerlessness that has defined the nation’s economic climate for the past several years. If you are looking at your financial situation and fear that a foreclosure may be on the horizon, it’s time to arm yourself with knowledge now. Negotiate [...]

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IRS Sells Young Buck Assets…to Young Buck?

07/31/12

The Internal Revenue Service brought in $53,000 from last week’s auction of Young Buck’s belongings, but the Internet is lighting up with the tax-delinquent rapper’s claims that he bought back some of the goods himself.

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Breaking Up (Big Banks) is Hard to Do

07/31/12

This is no time to start unwinding the largest banks. There's enough uncertainty in this fragile economy. But starting a conversation now about the costs and benefits will lay the groundwork for sound action when conditions improve.

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A Question Answered

07/31/12

Back in April, I posted about Minnesota Attorney General Lori Swanson investigating allegations that Accretive Health Care aggressively collected debts from hospital patients. These allegations included claims that Accreive was obtaining payments from people in emergency rooms and from their hospital bedsides.

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Is Swipe Fee Reform Benefiting the Banking Industry?

07/31/12

A year after the Fed enacted the Durbin Amendment, predictions that swipe fee reform would kill free checking, hurt credit unions and stifle competition have failed to come true.

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Fed, ECB Head to Summit; European Bank Woes Grow; More Libor

07/31/12

Receiving Wide Coverage ...

Eye on Central Banks: The European Central Bank and the Federal Reserve are set to meet this week in an effort to bolster the flagging global economy. According to the Journal, Fed Chairman Ben Bernanke will focus on how to spur enough economic growth in the U.S. to drive down unemployment, while ECB head Mario Draghi needs to address growing concerns that countries will abandon the euro. The Journal says there's a...

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