CFPB Publishes Procedures to Ensure Consumers Making Remittance Transfers are Protected

FOR IMMEDIATE RELEASE: October 22, 2013

CONSUMER FINANCIAL PROTECTION BUREAU PUBLISHES PROCEDURES TO ENSURE CONSUMERS MAKING REMITTANCE TRANSFERS ARE PROTECTED Bureau Also Releases Tool to Help Make Regulations Easier to Understand

WASHINGTON – The Consumer Financial Protection Bureau (CFPB) today published the procedures it will use in examining institutions that make remittance . . . → Read More: CFPB Publishes Procedures to Ensure Consumers Making Remittance Transfers are Protected

CFPB Report Highlights Private Student Loan Payment Processing Pitfalls

FOR IMMEDIATE RELEASE: October 16, 2013

CONSUMER FINANCIAL PROTECTION BUREAU REPORT HIGHLIGHTS PRIVATE STUDENT LOAN PAYMENT PROCESSING PITFALLS CFPB Issues Advisory to Help Consumers Provide Instructions to Servicers on Payments

WASHINGTON, D.C. — Today the Consumer Financial Protection Bureau (CFPB) Student Loan Ombudsman released a report analyzing complaints the CFPB has received . . . → Read More: CFPB Report Highlights Private Student Loan Payment Processing Pitfalls

Passing of David W. Allard

David W. Allard was a founding shareholder of Allard & Fish, P.C. and served as its President since 1987. During the course of his career, Mr. Allard represented nearly all parties to bankruptcy proceedings in chapter 11 reorganizations and chapter 7 liquidations. Notably, Mr. Allard served as the Trustee of the DeLorean Motor Company . . . → Read More: Passing of David W. Allard

Protect Yourself and Your Family with Adequate Disability Insurance

By Don Goldberg, JD, CLU, ChFC and Chris Schiffer, CPA of AEPG® Wealth Strategies

As a child do you recall the fable of Jack and the Beanstalk? In that tale Jack buys magic beans instead of milk which his mother sent him to the market to get. Thinking him a fool for buying beans, . . . → Read More: Protect Yourself and Your Family with Adequate Disability Insurance

Everything You Want To Know About The National Bankruptcy Archives

Sponsored by the American College of Bankruptcy and the National Conference of Bankruptcy Judges

HOLD THE DATE: October 31, 2013, 3:00 pm- Atlanta Marriott Marquis Hotel, Atlanta, Georgia

This one hour session will include an entertaining discussion of the National Bankruptcy Archives Oral History Project and how to prepare for in-depth interviewing and recording . . . → Read More: Everything You Want To Know About The National Bankruptcy Archives

Can Chapter 13 Still Strip 2nd Mortgages? Yes!

By Wendell Sherk, Missouri Bankruptcy Attorney

(Reprinted with permission. Posted 9/19/13 http://www.bankruptcylawnetwork.com/can-13-still-strip-2nd-mortgages-yes/)

It’s back to the future time again, and this time it seems like the lawyers stole our flux capacitor!

You can use Chapter 13 to “strip off” a home equity or other 2nd mortgage on a home, if there is no value . . . → Read More: Can Chapter 13 Still Strip 2nd Mortgages? Yes!

Ninth Circuit Overturns Kagenveama

. . . → Read More: Ninth Circuit Overturns Kagenveama

Judge Rules Lawsuit, First To Link Bundling Of Mortgage-Backed Securities And Racial Discrimination, Can Proceed

National Consumer Law Center Contact: Jan Kruse, jkruse@nclc.org or 617-542-8010

(BOSTON) – A federal court has ruled that a landmark discrimination lawsuit against Morgan Stanley can move forward. Judge Harold Baer denied in part the investment bank’s motion to dismiss the case, which alleges Morgan Stanley violated the Fair Housing Act (FHA) by encouraging . . . → Read More: Judge Rules Lawsuit, First To Link Bundling Of Mortgage-Backed Securities And Racial Discrimination, Can Proceed

Worth Mentioning Again . . .

Last week, two article links were of particular interest to readers so here is a second chance:

Trustee Fires Shot Across Bankruptcy Bar’s Bow Three Reasons Why Bankruptcies Are . . . → Read More: Worth Mentioning Again . . .

Regarding the Mortgage Settlement

Monitor Finds Lenders Failing Terms of Settlement

Banks Not Following Mortgage Standards

Disappointing Foreclosure Settlement

Still Time To Register for NACTT in New York City

Joseph A. Smith, Monitor of the Office of Mortgage Settlement will present a timely update and be available for questions on Sunday, August 4th.

Register . . . → Read More: Regarding the Mortgage Settlement