Newsroom Headlines

  September 15, 2008 Banking and Insurance Lehman Brothers to File for Bankruptcy Lehman Brothers announced early today that it will file for bankruptcy, becoming the largest financial firm to fail in

September 12, 2008 Senators Ask Fannie Mae and Freddie Mac to Temporarily Freeze Foreclosures Senate Banking Committee members urged Fannie Mae and Freddie Mac, the mortgage companies placed under

  September 11, 2008 PBGC Presses Delphi, GM over Pensions The Pension Benefit Guaranty Corp. (PBGC), frustrated by missed pension payments and the lack of a resolution with bankrupt auto parts maker

  September 10, 2008 District Court Strikes Down BAPCPA's Provision Banning Attorneys from Providing Debt Advice U.S. District Court Judge Christopher Droney yesterday struck down BAPCPA's provision

  September 9, 2008 Consumer Borrowing Slowed in July Borrowing by consumers slowed in July to the weakest pace in seven months, reflecting a slowdown in demand for car loans, the Associated Press

  September 8, 2008 U.S. Government Seizes Fannie Mae, Freddie Mac Treasury Secretary Henry Paulson announced plans yesterday for the United States to take control of troubled mortgage giants Fannie

  September 5, 2008 Eighth Circuit Strikes Down BAPCPA's Provision Banning Attorneys from Providing Debt Advice The U.S. Court of Appeals for the Eighth Circuit yesterday struck down BAPCPA's

  September 4, 2008 GMAC Mortgage Unit to Dismiss 5,000, Shut 200 Offices GMAC LLC and its Residential Capital LLC home loan unit said they plan to dismiss 5,000 employees, or 60 percent of the unit's

  September 3, 2008 August Consumer Bankruptcy Filings Up 29 Percent over Previous Year; Set Post-BAPCPA Record for Single Month U.S. consumer bankruptcy filings increased 29.2 percent nationwide in

  September 2, 2008 Alabama County Offers Plan to Avoid Bankruptcy Alabama's largest county offered a plan Friday to restructure its $3.2 billion sewer debt and put off filing the largest municipal