Bankruptcy Blogs

Memo to Regulators: Restricting CLOs Could Stifle Economy

04/04/14

Creating a one-size-fits-all approach to collateralized loan obligations does not harm Wall Street, it harms American businesses.

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The Daily Docket: Detroit Hoping to Exit Bankruptcy By Oct. 15

04/04/14

The city’s emergency manager said in federal court Thursday that he is hoping to usher Detroit out of municipal bankruptcy by mid-October, the Wall Street Journal reports.

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The Daily Docket: Detroit Hoping to Exit Bankruptcy By Oct. 15

04/04/14

The city’s emergency manager said in federal court Thursday that he is hoping to usher Detroit out of municipal bankruptcy by mid-October, the Wall Street Journal reports.

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Morning Scan: So, Basically, B of A Has Been Pulling a JPM in Recent Months

04/04/14

Receiving Wide Coverage ...

B of A Nears CFPB Settlement: Anonymice tell their favorite news outlets that Bank of America is nearing an $800 million-plus settlement with the Consumer Financial Protection Bureau over allegations it force credit card customers to buy other products. The CFPB has levied fines against American Express, Capital One, Discover and JPMorgan Chase over similar allegations, but the B of A fine is expected to be the largest. As the Journal notes...

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Surprise, Surprise: TBTF Problem Remains

04/03/14

The largest and most powerful arm of the central bank of the U.S. has finally admitted the megabank emperors have no clothes. It is past time that we as a nation get to the bottom of this dangerous threat and fix it.

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Pre-paid Cards Enter the Credit Market, Thwarting the Primacy Impetus for Using the Cards

04/03/14

A while back, The PEW Charitable Trust did two fascinating papers, found here and here, on prepaid cards.

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GSE Reform Must Include FHA Reform

04/03/14

FHA reform would serve as a major enhancement to the Johnson-Crapo proposal as it could ensure long-term viability of both the MMI and new Mortgage Insurance Fund.

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Thank You to Javier Arias and Andrew Dawson

04/03/14

On behalf of everyone at Credit Slips, I wanted to thank Professor Javier Arias of the Universidad Rey Juan Carlos and Professor Andrew Dawson of the University of Miami. It takes time out of a busy schedule to contribute to the Credit Slips community, and their contributions are well appreciated.

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