Do you receive late notices and collection letters in the mail? You probably opened them at first, but now do you just throw them in an unopened pile, hoping to deal with them later – and later never comes?
Consider the 2007 fiasco when JetBlue Airways left passengers stranded on the runway for 11 hours during an ice storm at JFK. Less than a week later, JetBlue created its own customer bill of rights.
A judge on Monday approved Great Atlantic & Pacific Tea Co.’s plan to exit bankruptcy proceedings as a leaner grocery chain by both store count and cost of labor, more than a year after the owner of A&P and other supermarkets filed for Chapter 11. Read the Daily Bankruptcy Review article here.
As Occupy the SEC detailed in our recent comment letter, the agencies' proposed implementation of the Volcker Rule strays from Congressional intent in several big ways.
Lost in the attention to the state-federal mortgage servicing settlement is the other major servicing fraud settlement: the $8.5B deal between BONY as trustee for various MBS trusts and Countrywide (Bank of America) over putback claims for securitization of mortgages that didn't comply with the requirements of the securitization documents.
