Note from Katie Porter: This guest post is from Jennifer Song, senior staff attorney at the California Monitor Program. Jennifer pitched in and attended this workshop, and I hope Credit Slips readers will enjoy hearing about her experiences in a short ... Read full article
How exactly do people make ends meet? While there are a few formal studies of "payment hierachies" courtesy of the big data organizations, there is little ethnographic work. A new contribution in this regard is "Robbing Peter to Pay ... Read full article
Colleges are courting the Devil - the Debit Card Devil. ... Read full article
The IRS has spoken : Bitcoins are property, not currency. This was hardly a surprise, but it has some important implication that tells us a lot about what it takes to make a currency work. ... Read full article
I'm going to wade into unchartered Slips waters today and head into Bitcoinland. I've been trying to understand Bitcoin from a payment systems perspective, where it has an interesting problem and solution: double spending. The lesson in all of ... Read full article
One of the huge questions hanging over the mortgage market today is what will happen to access to credit for credit impaired or non-traditional borrowers. There is a real concern that the Dodd-Frank Act’s mortgage reforms will reduce the ... Read full article
Banks and insurance companies are apparently gnashing their teeth at the news that the Mt. ... Read full article
Credit Slips is a virtual community so very few of you know that I go to Starbucks at least once a day, although a small detail in the pic here was a hint in that direction. ... Read full article
Felix Salmon has an interesting and provocative piece arguing Why Mobile Payments Will Never Take Off . The problem, Felix observes, is that none of the mobile payment systems around really offer any improved convenience over plastic. ... Read full article
"Make ... Read full article
The foreclosure fraud settlements were already farcical, but it just gets worse and worse. Now we learn that the Fed approved the amendments to its consent orders with mortgage servicers without it actually going before the Board of Governors for a vote . ... Read full article
The late ... Read full article
The European Commission's Financial Se ... Read full article
Thank you to the Credit Slips team for allowing me to use their soapbox for the last few weeks. I leave you with a final pet peeve: Why does the government have to rely on commercially-collected financial industry data sets or voluntary surveys of ... Read full article
Reflecting on my last two posts – price caps, loan structure requirements, underwriting rules – discussing any of these puts the cart before the horse. We know we want to rein in risk without cutting off access to credit that is not too risky. But how ... Read full article
