Bankruptcy Blogs

Banks Unprepared to Prevent 'Consumer Harm'

01/03/12

Banks' current compliance monitoring and reviews programs do not include the means to identify, measure and remediate potential consumer harm - an expectation coming out of the mortgage consent orders.

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Buy Here Pay Here Dealerships

01/03/12

The LA Times did a three-part series this fall on what they call "Buy Here Pay Here" car dealerships. (Here is Part One, Part Two, and Part Three).

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Principal Write-Down Pilot Program in Massachusetts

01/03/12

A Boston nonprofit, Boston Community Capital, is teaming up with some financial institutions, in particular Bank of America, in a pilot program that has the effect of writing down mortgages to close to home value. http://www.npr.org/2012/01/02/143601604/in-mortgage-crisis-some-banks-agree-to-cut-losses

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Anna's Revenge, Episode I

01/03/12

We may be beginning to see the fallout from Stern v. Marshall, the Supreme Court case on bankruptcy jurisdiction courtesy of Anna Nicole Smith's bankruptcy. Last week, the U.S. Court of Appeals for the Seventh Circuit issued a broad decision that would call into question the power of the bankruptcy court to hear many state-law defenses to creditor's claims in bankruptcy. To the best of my knowledge, this is the first court of appeals decision applying Stern.

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Bold Predictions, Part III - Wells Fargo Becomes the Consumer Advocates' Darling

01/03/12

Fearless forecasts for consumer finance and bank technology in the new year.

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Bold Predictions, Part III - Wells Fargo Becomes the Consumer Advocates' Darling

01/03/12

Fearless forecasts for consumer finance and bank technology in the new year.

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Recruit Frontline Hires from 'Hamburger University'

01/03/12

Over the years, I've asked scores of bank managers about their best employees. As often as not, the most productive were folks from non-banking backgrounds, quite often without college degrees.

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Recruit Frontline Hires from 'Hamburger University'

01/03/12

Over the years, I've asked scores of bank managers about their best employees. As often as not, the most productive were folks from non-banking backgrounds, quite often without college degrees.

[more]

Signing a Proof of Claim May Trigger Attorney Disqualification

01/03/12

By: Jessica E. Stukonis

St. John’s Law Student

American Bankruptcy Institute Law Review Staff 

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Signing a Proof of Claim May Trigger Attorney Disqualification

01/03/12

By: Jessica E. Stukonis

St. John’s Law Student

American Bankruptcy Institute Law Review Staff 

[more]