Newsroom Headlines

  August 24, 2009 Caraustar Emerges from Bankruptcy Paperboard manufacturer Caraustar Industries Inc. has met the conditions of its chapter 11 plan and emerged from bankruptcy protection as a private

  August 20, 2009 Countrywide Loses Ruling in Loan Suit U.S. District Court Judge Richard J. Holwell has rejected an argument by Countrywide Financial seeking certain protections from investor

  August 19, 2009 Autos Chrysler’s Creditors Sue Daimler over Transfers Before 2007 Sale Chrysler’s creditors have filed a lawsuit alleging that German automaker Daimler AG intentionally defrauded

  August 18, 2009 Banks Continue to Shore Up Lending Standards The Federal Reserve's periodic survey of banks released yesterday showed that banks continued to tighten lending standards to businesses

  August 17, 2009 Ninth Circuit Affirms Decision to Not Allow Deduction of Vehicle “Ownership Cost” from Chapter 13 Debtor’s Projected Disposable Income The U.S. Court of Appeals for the Ninth Circuit

  August 14, 2009 CFTC Proposes New OTC Derivatives Class The U.S. Commodity Futures Trading Commission (CFTC) yesterday proposed creating a separate account class for over-the-counter derivatives, a

  August 13, 2009 GAO Issues Critical Report of Federal Regulators Enforcement of Fair Lending Laws The Government Accountability Office (GAO) released a report yesterday that was critical of federal

  August 12, 2009 Analysis: Fed Grapples with Extended Stay Inc. Bankruptcy The Federal Reserve, with $900 million on the line, is getting actively involved in the bankruptcy of Extended Stay Inc

  August 11, 2009 Commentary: FHA Mortgage Insurance Program Needs Improvement As the Government National Mortgage Association (Ginnie Mae) announced last week that it issued a monthly record of $43

  August 10, 2009 Commentary: Cramdown Proposal Should Advance if Current Anti-foreclosure Efforts Fail While the Obama administration’s anti-foreclosure effort extends lenders up to $75 billion in