ABI Blog Exchange

What's 'Abusive'? A $34 Fee for a $5 Overdraft

Unreasonably high taxes generate less, not more revenue for governments. Likewise, banks might make more money with lower fees, and become more compliant and less hated.

The Daily Docket: IndyMac Leaders to Settle Lawsuit

The former leaders of failed IndyMac Bancorp, including ex-Chief Executive Michael Perry, have agreed to settle a class-action securities lawsuit stemming from the bank-holding company’s collapse four years ago. Read the Daily Bankruptcy Review

Houston, Texas Man Charged with Bankruptcy Fraud

According to FBI officials, 49 year old Houston, Texas resident Christopher Fields has been arrested and charged with bankruptcy fraud. Along with fraud charges, Fields also faces charges on false oath, false declaration and concealment of assets. He

GE Talks to Us About Shareholder Outreach

The importance of shareholder engagement is increasingly clear, as annual meetings become more than simply routine events. For a discussion on how to execute that mandate, and do it well, we turn to GE’s Christoph Pereira, Chief Corporate, Securities

GE Talks to Us About Shareholder Outreach

The importance of shareholder engagement is increasingly clear, as annual meetings become more than simply routine events. For a discussion on how to execute that mandate, and do it well, we turn to GE’s Christoph Pereira, Chief Corporate, Securities

California Passes Historic Foreclosure Protection Act

Although the worst of the nation's foreclosure crisis may be behind us, California recently passed an ambitious package of laws designed to help keep struggling families in their homes, as reported in this Los Angeles Times article. Californians

What Is The Bankruptcy Petition?

The bankruptcy petition is the actual document that is filed with the bankruptcy court. This petition is a document that lists the assets, liabilities and creditors for the debtor. Not only will it lose those things but it will also list a summary of

How to Stop a Bank Account Garnishment

In every state there exists a list of property that is protected from creditor garnishments and property seizures. We call these laws Exemptions. In theory, these laws are designed to prevent creditors from taking away everything a person owns, but

GE Talks to Us About Shareholder Outreach

The importance of shareholder engagement is increasingly clear, as annual meetings become more than simply routine events. For a discussion on how to execute that mandate, and do it well, we turn to GE’s Christoph Pereira, Chief Corporate, Securities

GE Talks to Us About Shareholder Outreach

"Too Big To Fail?"; JPMorgan's $9B Loss

 BLACK EYE FOR JP MORGANThe "Too Big To Fail" banks are at the center of the current U.S economic problem. Below is a copy of a comment to an Op/Ed piece that appeared in the American Banker on June 18th. While it deals with issues that do not

"Too Big To Fail?"; JPMorgan's $9B Loss

 BLACK EYE FOR JP MORGANThe "Too Big To Fail" banks are at the center of the current U.S economic problem. Below is a copy of a comment to an Op/Ed piece that appeared in the American Banker on June 18th. While it deals with issues that do not

"Too Big To Fail?"; JPMorgan's $9B Loss

 BLACK EYE FOR JP MORGANThe "Too Big To Fail" banks are at the center of the current U.S economic problem. Below is a copy of a comment to an Op/Ed piece that appeared in the American Banker on June 18th. While it deals with issues that do not

California Dreaming: 3 Reasons Why Their New Foreclosure Law May Spread Across The Country

Inspired by the national attorney general mortgage settlement, California has passed a landmark foreclosure law that Governor Brown is expected to sign within days. Here are 3 reasons why the rest of the country will be watching the Golden State in

Arcapita Bank: Notice of Agenda on Certain Matters Scheduled for July 9, 2012

According to the Notice of Agenda filed by Arcapita on July 6, 2012, just one matter is scheduled to go forward at the hearing before the Bankruptcy Court on July 9, 2012: GIBSON, DUNN & CRUTCHER LLP Michael A. Rosenthal (MR-7006) Craig Millet

Bankruptcy Court Denies Recognition to Non-Debtor Releases Contained in Mexican "Concurso"

In a major decision interpreting chapter 15 of the Bankruptcy Code, Judge Harlin Hale has denied recognition of the provisions of the "Concurso" order obtained by Vitro, SAB in Mexico which would have released the liability of its non-bankrupt U.S

Massachusetts Protections of Cash Value Life Insurance

The Massachusetts laws protecting cash value life insurance might as well be written in Middle English. They simply cannot be understood by any except the most persistent of us. Lucky for us, some recent court decisions help us find our way. Back in

Location, location, location: ATM Fee Disclosure Edition

The number one agenda item for small banks is to repeal the physical, on-machine disclosure requirement for ATMs. Yes, I'm serious, that, that is the top agenda item for small banks. And they wonder why they're not doing so well... Still, it's worth

Chapter 11 Bankruptcy Filing Fee to Increase November 1

“Fees for filing a Chapter 11 bankruptcy case will increase for cases filed on or after November 21, 2012,” according to today’s announcement by the Administrative Office of the U.S. Courts. “The fee increase was included in the Temporary Bankruptcy

Today in Bankruptcy – 7-6-2012

Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for July 6, 2012. US bankruptcies on pace to fall to pre-2008 level Arkansas football coach Smith facing bankruptcy Dewey & LeBoeuf bankruptcy