Bankruptcy Blogs

The Legal Employment Market, Student Debt, and Legal Education Reform

02/12/13

There has been a great deal of press recently about the sorry state of the legal jobs market, student debt, and the irrelevance of legal education (see, e.g., here).  A lot of the thinking on these issues has struck me as incredibly ga-ga and muddled and as reflecting unrelated and pre-existing agendas about legal education, student debt, and the role of lawyers in society.

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Welcome to Lauren Willis

02/12/13

We're very excited to have Lauren Willis of Loyola Law School, Los Angeles, join us as a guest blogger. We have been trying to find a mutually convenient time for months, and schedules finally aligned. Professor Willis is perhaps best known for being a skeptic of the Pollyannish view that consumer education always helps, a topic on which she has published a series of articles.

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When Nudges Fail: Slippery Defaults

02/12/13

Now that my last few posts have bludgeoned consumer financial education and at least bloodied disclosure, and given that my suggestion of comprehension requirements is completely untested as a means of consumer protection for financial products, what about “nudges

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Chapter 7 Bankruptcy in Florida: What You Need to Know

02/12/13

An Overview of Chapter 7 Bankruptcy in Florida This article is part of a series on the various state exemption laws that can change the outcome of a bankruptcy case, especially as it pertains to keeping your property. There are many misunderstandings about bankruptcy, one of which is the idea that because the Bankruptcy Code [...]

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Disclosure 3.0: Making Disclosure Smarter

02/12/13

What if, instead of making the consumer smarter or the disclosures more comprehensible, as discussed in my last several posts, we made financial product disclosures smarter?

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Putting Disclosure to the Test: User Comprehension Requirements

02/12/13

Given the limitations of Disclosure 2.0 and Disclosure 2.5 I described in my last posts, what is to be done? To answer this question, we might first ask what financial product disclosure is attempting to achieve. Although disclosure has several aims, one is consumer comprehension to the degree necessary to enable good decisions. Disclosure rules require particular information to be imparted, often in a specified format.

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Kodak Locks Down Lens Licensing Deal

02/12/13
Agence France-Presse/Getty Images
Karen A.
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Swap High-Rate, Short-Term Loans for Low-Rate, Pro-Consumer Credit

02/12/13

Developing new online platforms to lower APRs to 365% is a waste of resources. Instead, lenders can tackle the payday problem by partnering together, cultivating loyalty and capping expected default rates.

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Fair Lending Law Developments

02/12/13

Race -it continues to determine the availability and the price of credit, and particularly home financing, as each annual release of the Home Mortgage Disclosure Act data reminds us.

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Which Consumer Financial Education Programs Are Most Effective?: Assuming a Fact Not in Evidence

02/12/13

Thank you to the Credit Slips team for inviting me to guest blog.  First I must warn the reader that I am not a real blogger (I’m a bit of a Luddite - I don’t even have a smartphone).  But I’m going to join the 21st Century for a bit here.  Over the next couple of weeks I’ll be sharing my thoughts and some recent research pertinent to modes of consumer financial protection, from financial literacy education to policy defaults to product regulation.  As some of you already know, I have been critical of all of these.  But here I will also sug

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