Lately I have been teaching courses with names such as "Global and Economic Justice" and "History, Impacts and Regulation of Consumer Credit" instead of "Bankruptcy," "Secured Transactions" and "Chapter 11 ... Read full article
The New York Times carried an important story about the risky investment moves of life insurance companies. ... Read full article
The Pew Charitable Trusts today released a report focusing on the market for auto title loans . The report brings together data from a wide variety of sources (including Slips contributor Nathalie Martin's work) to provide a clear, succinct, and ... Read full article
First some easy ones you all know: 1. The stock market will drop, perhaps precipitously, making now great time to rebalance retirement portfolios. 2. The price of gas will inch up and in the meantime, more states will add a little gas tax here and there ... Read full article
There are three major new regulations shaping the housing finance market: QM (qualified mortgage), QRM (qualified residential mortgage) and Reg X. QM is a safe harbor from the statutory ability-to-repay requirement that applies to all mortgages. QRM is ... Read full article
The CFPB entered into a Consent Order with Flagstar Bank regarding its default mortgage servicing practices. This order is really important. ... Read full article
Apple Pay has been getting a lot of attention, and I hope to do a longer post on it, but for now let me highlight one possible issue that does not seem to have gotten any attention. I think Apple may have just become a regulated financial institution, ... Read full article
I recently read a review of the book Financial Justice: The People’s Campaign to Stop Industry Abuse , by economist Larry Kirsch and University of Utah professor Robert N. Mayer. The favorable review induced me to sit down and read the book, all in one ... Read full article
Yesterday the Consumer Financial Protection Bureau, along with 13 state attorneys general (including from my new home state of Indiana), announced a $92 million settlement and issued an enforcement action against Colfax Capital Corporation and Cul ... Read full article
The Consumer Financial Protection Bureau's new study (published 3/25/14) regarding payday loans has received substantial press coverage over the past couple days. The study focuses on repeat customers and finds that 80% of payday loans effectively ... Read full article
Autonomous administrative agencies are anathema to certain sorts of lawmakers, e.g., those who think that we are always better off with less regulation. Recent legislation – H.R. 3193 – passed the House last week looking to make the Bureau of Financial ... Read full article
Autonomous administrative agencies are anathema to certain sorts of lawmakers, e.g., those who think that we are always better off with less regulation. Recent legislation – H.R. ... Read full article
Hey, Everyone! Great to be back on CreditSlips. ... Read full article
Today is your last chance to comment on the CFPB's Advanced Notice of Proposed Rulemaking on Regulation F , regarding debt collection. I had the pleasure of working with Pat McCoy on a joint comment to the ANPR. ... Read full article
Like Pamela, I’m very delighted to join Credit Slips . As Bob mentioned in his kind introduction, I spent a year as a policy fellow at the Consumer Financial Protection Bureau. One of the most things I got to work on while I was there were the rules ... 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
