News Topic: CreditSlips

When Congress recently compromised on balancing the budget, it chose to “save” Pell grants for undergraduates by throwing Stafford Loan for graduate students under the bus. It is unclear why this particular horse trade was necessary, and I am not even ... Read full article

We have two married 60-something friends who are artists in Santa Fe and own a very simple home with a rental house in the front. The house is tiny by all but New York City standards, and since their income is always in flux (some months several grand, ... Read full article

Military personnel have long been targets of predatory creditors, going back to the moneylenders who followed the Roman legions. More recently, payday lenders clustered storefronts around military bases. The latest development is that subprime operators ... Read full article

I recently presented a paper at the University of San Francisco School of Law, after which Professor Jesse Markham sent me a link about the FTC’s power to regulate payday loans.  I have been a bit fixated on what the CFPB what might be able to do to ... Read full article

But this whole living will thing actually has a way to go -- my latest Dealbook column, up now. ... Read full article

There is still time to submit for this  Call for Papers -- the extended window is closing on  September 20. ... Read full article

If you happen to be in Reykjavik or thereabouts in early October--or scouting the web for papers putting Europe in perspective-- this  looks like a wonderful conference, not least for bringing economists, finance, policy, and legal types together in one ... Read full article

Congress just passed a bill overhauling the US patent system.  The most significant change appears to be shift from a first-to-invent to a first-to-file system. ... Read full article

I'm testifying before the Senate Banking Committee on Tuesday about the role of the government guarantee in housing finance (a/k/a wtf do we do with Fannie and Freddie). My testimony is  here . ... Read full article

Many have chided the financial press for the need to write entirely speculative articles about the prior day's market movements . But at least the financial press can be (somewhat) forgiven for their sins on the basis of tradition. ... Read full article

According to the most recent data from Epiq Systems , there were 120,800 bankruptcy filings in August for a daily bankruptcy filing rate of 5,250. The August daily filing rate represents a year-over-year decline of 14.8% and a decline of 3.5% from July ... Read full article

This Thursday, the House Judiciary will be holding a hearing on H.R. 2533, which would reform Chapter 11 venue and require corporations (which includes more than true corporations under the Bankruptcy Code) to file in the district in which they are ... Read full article

I've got a Dealbook post up about an interesting dispute that has cropped up with regard to the definition of "Bankruptcy Credit Event" as used in the ISDA CDS definitions. ... Read full article

The five lenders, Flobridge Group LLC, Silver Leaf Management and Upfront Payday, all of Utah; and Integrity Advance and Sure Advance LLC,  were each sued separately for violating Minnesota’s small loan laws.  The total U.S. market for Internet payday ... Read full article

So Adam has come out in support of HR 2533, a bill which would force corporations to file in the jurisdiciton of their corporate headquarters. ... Read full article

My latest Dealbook post deals with the circuit spilt that has developed with regard to a secured lender's right to credit bid when a sale is conducted as part of a plan. ... Read full article

So the Swedish court's decision to deny Saab's reorganization petition gets me wondering if the company might not decide to file a US chapter 11 case. The only problem is that, best I can tell, Sweden has no provision for recognizing a foreign ... Read full article

For those Slips readers who are not regular Bloomberg people, I highly recommend today's bit from Bill Rochelle about the 5th Circuit's recent bankruptcy decisions, and the role of Chief Judge Jones. ... Read full article