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Bank Lawyers Blog 

Commentary on Banking Law
Post Frequency: 10.2/day Last Entry: March 30, 2011 at 23:38:00 Recent Entries: 946
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PTSD Damages For A Non-Event
Posted on January 28, 2009Two and one-half years ago, then-VA Administrator Jim Nicholson asked Congress for emergency funding of not less $160.5 million "for credit counseling and other measures to protect veterans and military troops whose sensitive personal information was stolen...
G-Mac Steps Up Its "Regifting" Of Bad Loans
Posted on January 27, 2009Freddie and Fannie aren't the only big loan investors who have been issuing massive loan "put backs" to their loan sellers. They've recently been joined by GMAC's Residential Funding Co., which, according to the Minneapolis/St. Paul Business Journal, "has nearly...
Spinning TARP With Just The Right Velocity
Posted on January 26, 2009A short article from Friday's St. Louis Business Journal crams a lot of viewpoints.The article deals with the TARP CPP program, and complains that only four St. Louis banks have received investments from the Treasury under the program. The article's....
Talking From Both Sides Of Their Mouths
Posted on January 25, 2009Steve Brown, the Real Estate editor of The Dallas Morning News, let loose a tirade on Friday directed at banks and their regulators over the "foreclosure flood" that is coming in commercial real estate.The whole spectrum of borrowers, ranging from...
Barney Goes To Bat For Baytown Bank: Big Deal
Posted on January 22, 2009I wish I could get as worked up about the page one story in today's Wall Street Journal as many others have done. I simply cannot. The entire process of picking winners and losers in the bank bailout game totally...
Data Breaches: On The Rise and Striking the Heartland
Posted on January 21, 2009While most honest citizens are recovering from the hangover induced by the Obama Inaugural Extravaganza, the few rotten apples in the barrel have been busy little bees. Last week, the WSJ reported that last year, businesses reported 656 data security...
Allegations of IndyMac's "Backdating": Worse Than We Thought?
Posted on January 20, 2009A colleague from the West Coast sent along this tidbit from ABC News that apparently documents the efforts of ABC News rodent reporter Brian Ross to chase an unsmiling and silent Darrell Dochow around the block a few times, after...
Preemption: High Tide?
Posted on January 19, 2009When we discussed the US Second Circuit Court of Appeal's decision in December 2007 to uphold the principle federal preemption of the authority of state regulatory authorities to enforce state laws on fair lending against national banks, it generated a...
The Dancing Bear Tires
Posted on January 16, 2009The Wall Street Journal broke a story today that, thus far, has been ignored by most of the rest of the main stream media. It's Friday and Bank of America's and Citigroup's woes dominate the banking stories. Yet, this one's...
Quick Hit Re: Accountability
Posted on January 15, 2009Tonight, I only have a brief moment to point you to an intriguing post by a young blogger who continues to intrigue me: Emily Flitter of BankThink. In her e-mails to me, she seems to take the position that she's...
Not Feelin' The De Novo Love
Posted on January 14, 2009For the sake of those trying to organize new banks, we wish we could say we've been surprised by this recent article from the newspaper itself (paid subscriptiton required) that confirmed what we recently speculated upon: the FDIC is putting...
FDIC Keeps IndyMac Buybacks "In-house"
Posted on January 13, 2009Last week's rank speculation reasonable assumption that the FDIC as receiver of the late, great IndyMac retained the liability for buyback demands made by Fannie Mae was confirmed Sunday by the New York Post ( a bastion of responsible reporting,...
Make Work
Posted on January 12, 2009Last week, banking expert Bert Ely argued persuasively why banks should not be pushed into using TARP dollars to throw good money after bad. He urged, instead, that banks put capital to work where it best served the survival of...
Bair Stays In Her Lair
Posted on January 11, 2009It's amusing, and very fitting, that Barney Frank is the elected official who publicly confirms that, indeed, Barak Obama's kind words for Sheila Bair mean that she's in at the FDIC for as long as she wants to be, or...
Cramdown's A'Comin'
Posted on January 08, 2009To no one's surprise, (certainly not ours), first lien residential mortgage loan cramdowns will soon be coming to a bankruptcy court near you. Although we haven't seen the bill yet, Dick Durbin's office announced today that he, Chuck ("Bank Run")...
Mad For Loan Mods
Posted on January 07, 2009Although often berated as a prime example of the "Liberal Main Stream Media" that conservative radio talk show hosts love to loathe, the latest issue of Time magazine sang the praises of a company that's often been labeled as one...
Lending Mandates A Bad Idea
Posted on January 06, 2009Noted banking expert and popular popper of gas balloons, Bert Ely, weighed in on the issue of banks not using TARP money to make loans, with an opinion piece published in the most recent edition of The Wall Street Journal....
Hard To Pick A Favorite
Posted on January 05, 2009Shortly before New Years Day, Housing Wire broke the story that the FDIC's negotiations to sell most of IndyMac to a consortium of Wall Street sharks private equity funds was being held up by mortgage loan buyback demands made by...
Bailing Out Some Banks But No Borrowers?
Posted on January 04, 2009Today's Dallas Morning News contained an article whose headline was less than stunning: "Banks might use bailout funds for acquisitions." Someone needs to notify the News that banks have already used bailout funds for acquisitions. Ask the former National City...
Pause...Then Resume
Posted on December 24, 2008I'm taking a break for the holidays. Even snark, second-guessing, and general insensitivity needs to be renewed during this time of year. Perhaps I'll return next year with an inviting, open, accepting, post-modern personality, and revel in the diversity of...
Bailout Comes To Mainstreet
Posted on December 23, 2008Emily Flitter brings us the inspiring story of an average homeowner,Thomas Haberson, who's had enough of the big banks getting all the bailout bucks. He's filed a handwritten complaint against the US Treasury Department in an Arizona court that seeks...
IndyMac Fun Continues For OTS
Posted on December 22, 2008When in early October, I discussed the spreading stain of criticism over the OTS's former Western Regional Director Darrell Dochow and his alleged mishandling of busted federal savings bank IndyMac, I warned that the drumbeat would get louder and louder...
Delaying The Inevitable
Posted on December 21, 2008Housing Wire recently posted further evidence that the various state foreclosure moratorium laws are not achieving their goal of forcing lenders to modify loans with borrowers who are substantially delinquent.It appears that California is now following in the footsteps of...
FDIC Saying "Nyet" To New Charters?
Posted on December 17, 2008Although the FDIC denies it, organizers and consultants who are trying to start new banks in certain areas of the country allege that the FDIC has put in place a "de facto ban" on all new bank charters.?It is a...
FDIC Saying Nyet To New Charters?
Posted on December 17, 2008Although the FDIC denies it, organizers and consultants who are trying to start new banks in certain areas of the country allege that the FDIC has put in place a de facto ban on all new bank charters.???It is a...
Workin' It Out With Waters
Posted on December 16, 2008Not to be outdone by Sheila ("Mama Bear") Bair in the race for the title of 2008's "Loan Mod Madam," California Representative Maxine Waters has not only stuck her toe in the loan modification water, according to an article in...
Betsy On Bair
Posted on December 15, 2008Fortune senior editor Betsy Morris has a girl crush on Sheila Bair, and boy, has Betsy got it bad!Sheila Bair may now be a lightning rod, but at least she's finally getting some respect. For months, her agenda was a...
Betsy On Bair
Posted on December 15, 2008Fortune senior editor Betsy Morris has a girl crush on Sheila Bair, and boy, has Betsy got it bad!Sheila Bair may now be a lightning rod, but at least she's finally getting some respect. For months, her agenda was a...
Too Dumb To Borrow?
Posted on December 14, 2008For decades, there's been a split between those who think that consumers should be free to make informed decisions about credit, good or bad, as long as they have available to them the relevant information to make such informed decisions....
Too Dumb To Borrow?
Posted on December 14, 2008For decades, there's been a split between those who think that consumers should be free to make informed decisions about credit, good or bad, as long as they have available to them the relevant information to make such informed decisions....
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How do you recover money from a stop payment placed on a personal check given to you?
you can always take them to small claims court and sure them for 3 times the amo...
How to prove child support payments were sent by US Mail?
Your best bet is to send the checks via certified mail return receipt requested....
Some elses debt is being reported by a bank to the crecit agencies. They know and have ackowledged it is not mine, yet it is still being listed as mine. it was my son's and no I didn't co-sign. It is adversly
It is easy for the bank and the credit reporting agencies to clear this confusio...
My job requires me to drive bank deposits up to two times a day using my own vehicle and gas. Although not too far, can should I be receiving compensation? One deposit run is required daily by company policy, but the man
you should be getting a mileage comp. I own my own company and I pay my employee...
A month or so ago I was with some new people I met, and one of them asked me to cash a couple of checks he had, that he couldn't cash because he didn't have a bank account or a driver's liscence. I didn
If the call was from your bank it may mean that the checks were bad. You may hav...

How do you recover money from a stop payment placed on a personal check given to you?
you can always take them to small claims court and sure them for 3 times the amo...
How to prove child support payments were sent by US Mail?
Your best bet is to send the checks via certified mail return receipt requested....
Some elses debt is being reported by a bank to the crecit agencies. They know and have ackowledged it is not mine, yet it is still being listed as mine. it was my son's and no I didn't co-sign. It is adversly
It is easy for the bank and the credit reporting agencies to clear this confusio...
My job requires me to drive bank deposits up to two times a day using my own vehicle and gas. Although not too far, can should I be receiving compensation? One deposit run is required daily by company policy, but the man
you should be getting a mileage comp. I own my own company and I pay my employee...
A month or so ago I was with some new people I met, and one of them asked me to cash a couple of checks he had, that he couldn't cash because he didn't have a bank account or a driver's liscence. I didn
If the call was from your bank it may mean that the checks were bad. You may hav...








