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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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Dirty, Sexy Money
Posted on February 02, 2011Last August, when the proposed IPO of BankUnited was first announced, and there was a rush to judgment about the private equity players "cashing out" of that deal instead of sticking with it, the boo birds were squawking. "Caw! Caw!...
Tom Brown Jumps Sheila, And Sheila Jumps The Shark
Posted on January 31, 2011Several readers sent me Tom Brown's "fisking" of Sheila Bair's recent sppech to the Mortgage Bankers Association. Like a number of us unreconstructed mouth-breathers, Tom's apparently had all he can stand of what's issuing forth from someone with a bully...
Reading The Tea Leaves
Posted on January 30, 2011Last week, the Treasury Department issued a press release that announced the appointment of the General Counsel for the Consumer Financial Protection Bureau and the GC's Deputies. All members of the group graduated from top law schools (where, I'm sure,...
Too Late To The Gate, Too Little On The Griddle
Posted on January 27, 2011If you ever get really, really bored, yet perhaps are having trouble falling asleep, you can always start reading the 662 pages of the FCIC majority report on the causes of the financial crisis and the two dissents. Say what...
Both Sides Of Barney's Mouth
Posted on January 26, 2011The "Durbin Amendment" to the Dodd-Frank Act has been causing heartburn to big bankers since the law was enacted. Frankly, even though community banks are exempted from the limit on interchange fees, most community bankers I talk to don't kid...
The Biggest Loser
Posted on January 25, 2011When Ally Bank and Bank of America settled with Fannie Mae and Freddie Mac several weeks ago on repurchase request claims made by the GSEs, there was speculation in the trade press that these settlements might pave the way for...
You Are The Downdraft Above My Wings
Posted on January 24, 2011I may represent banks, but I learn from whatever source I can, even [shudder] from those dreaded nemeses of community banks known as "credit unions." Rob Rutkowski's That Credit Union Blog is a case in point. Without Rob (and a...
Director? We Don't Need No Stinkin' Director!
Posted on January 23, 2011It appears that Liz Warren's tenure as De Facto Director of the CFPB might coninue on indefinitely. As reported by Dow Jones Newswire's Maya Jackson Randall last week, in a response by the inspectors general of the Federal Reserve and...
Hey, Let's Create a Commission!
Posted on January 19, 2011And thus Bureaucracy, the giant power wielded by pygmies, came into the world. ---Honore de Balzac And we've been paying the price ever since. Today, in a speech to the Mortgage Bankers Association summit on loan servicing, Sheila Bair, obviously...
2011: The Year of the Fish?
Posted on January 18, 2011According to The Fraud Blog's Tracy Kitten, bank security personnel are gearing up for a year in which they expect a lot more bad guys will "go phising" (and "vishing"). Like most fraud, phishing attacks are increasing in number and...
God Keep Our Land Glorious And Free (Of Community Banks)
Posted on January 17, 2011Last month, we discussed a column by Reuters' Rob Cox about how the Uinted States ought to look northward for a banking system that works, He thought consumers would be a lot better off in the US if we had...
Law School Shell Game
Posted on January 13, 2011This post has to do with the law, not banking law, but the practice of law. Specifically, it's about what a shell game the law school racket has become for so many young people who've been sold a bill of...
To Dividend Or Not To Dividend, That Is The Question
Posted on January 12, 2011While some big banks are getting ready to feed the gaping pie holes of their shareholders with dividends, investment "guru" Meredith Whitney thinks they would be better off keeping the cash in-house and using it to make strategic acquisitions. ?That?s...
Big Banks "Respectfully Outraged" By New Jersey Judge's Order
Posted on January 10, 2011Consumer lawyer Abigal Field had a field day today with the responses of the nation's six largest residential mortgage servicers to a New Jersey state court judge's order that the banks either convince the court that they knew their hind...
SBLF: TARP Revisited?
Posted on January 09, 2011A couple of stories in last week?s American Banker (paid subscription required) illustrated just how much of a dysfunctional "tarp baby" (as Jamie Dimon once labeled it) TARP and its latest iteration, the Small Business Lending Fund, have become for....
An Old "New Idea"
Posted on January 05, 2011NAFCU Compliance Blog's Anthony Demangone was reading an interview with Elizabeth Warren recently and rather than spitting up a little in his mouth, actually agreed with something she said. In this instance, it was about why Warren wants to find...
The FDIC Will Abide
Posted on January 04, 2011Let me explain something to you. Um, I am not "Mr. Lebowski". You're Mr. Lebowski. I'm the Dude. So that's what you call me. You know, that or, uh, His Dudeness, or uh, Duder, or El Duderino if you're not...
Too Big To Pay What They Owe
Posted on January 03, 2011Last week, when Ally Financial settled with Fannie Mae over mortgage loan putback claims made by Fannie Mae, The Wall Street Journal speculated that the settlement "could shed light on how banks will resolve repurchase demands with Fannie Mae and...
This Isn't 'Nam...There Are Rules!
Posted on December 30, 2010If you're a financial institution's compliance professional and you need some down-to-earth year-end advice and a stout buck-me-up, get it from Anthony Demangone, NAFCU's Director of Regulatory Compliance: Your job is tough. But it is important. Some folks may not...
Stop, Look, Listen
Posted on December 23, 2010I'm taking a break for the holidays. Blogging will be sporadic until after New Year's day. I suppose it would be politically correct to wish everyone a Joyful Festivus, but I'd like to wish you all a Merry Christmas and...
Add Community Bankers To The Endangered Species List?
Posted on December 22, 2010Reuters columnist Rob Cox issued a hot business opinion in a column today. He called the community banker "the most endangered species in finance." Cox isn't talking merely about the community banks that have failed over the past several years,...
Turbulent Transition
Posted on December 21, 2010The troubles of the Law Office of David J. Stern have led to some headaches for other law firms: those who are trying to take the tens of thousands of foreclosure cases that Stern's firm was handling and to "transition"...
One More "New" Sheriff In Town
Posted on December 21, 2010Elizabeth Warren has spent some time "reaching out" to bankers, trying to assure them that she's not some wild-eyed Bolshevik out to burn down the banking house. That was all well and good while it lasted. Anyone really interested in...
Bipartisan Partisanship
Posted on December 19, 2010There are many things written by New York Times columnist Joe with which I do not agree, but his column in last Friday's edition that raked over the coals the report released last week by the four Republican members of...
Tim Touts TARP, Scorns Foreclosure Freeze
Posted on December 17, 2010Although Elizabeth Warren left the principal task of the Congressional Oversight Panel to Ted Kaufman, Ted's been an able successor to Liz and has kept the COP focused on its primary mission: making Tim Geithner's existence hell-on-earth. Earlier this week,...
Taking A Step Bachus
Posted on December 15, 2010From a narrowly selfish standpoint, that of a blogger who enjoys reading fodder to feed his need for posting, the fact that Rep. Spencer Bachus is turning out to be as much of a mock-worthy politico as his Democratic counterpart...
Man, She Hates Credit Cards
Posted on December 13, 2010When I read this interview with Elizabeth Warren last week, I saved it for a later "fisking," but before I even got started, Anthony Demangone at NAFCU Compliance Blog beat me to it with a "Whoah, Nelly" summation that cut...
Every Breath You Take, Every Move You Make, We'll Be Watching You
Posted on December 12, 2010It used to be that bank tellers with their wits about them would, when staring down the barrel of a gun and slipping wads of cash into a bank robber's sack, slip in an exploding die pack. Of course, that...
Mortgage Brokers Are Checking Out
Posted on December 09, 2010Last year, we detailed Colorado's "crisis" with respect to the "deactiviation" of mortgage brokerage licenses in that state because so many of the brokers couldn't pass a basic skills test. Colorado wasn't alone, inasmuch as previous posts over the last...
It Sold So Well The First Time We Simply HAD To Sell It Again!
Posted on December 08, 2010All I know about Florida lawyer David J. Stern, the "Florida Foreclosure King," is what I read about him in the lame-stream media and the trade newspapers. I read about how his firm was canned as Fannie Mae's and Freddie...
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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...








