News Topic: CreditSlips

Many thanks to Credit Slips for inviting me to guest blog over the next week or so.  My hope during this time is to explore what I view as an important puzzle in consumer protection regulation: why it is that consumer protection strategies in insurance ... Read full article

After a month spent reeling from  DSK whiplash , Eupdate finds the European landscape little-changed, much noise notwithstanding . ... Read full article

This week we are a happy to welcome guest blogger Professor Daniel Schwarcz from the University of Minnesota School of Law. Daniel has done some great research in the area of property and casualty insurance and consumer protection. He is also very ... Read full article

I recently received a reimbursement payment from an Israeli university for some travel expenses for a talk.  The reimbursement was for $553 and was done via wire transfer.  To my surprise, my account was only credited with $525.  $28 was taken out as a ... Read full article

Over the past couple of years, the Massachusetts Attorney General's office has reached settlements with a number of major banks regarding mortgage securitization. These settlements has received very little notice in the press, but I think they ... Read full article

Yves Smith has a provocatively entitled post about the BoA MBS settlement.  Yves appropriately excoriates Bill Clinton for saying some plain old stupid things about the settlement (namely that it is going to have a meaningful impact on principal reduction ... Read full article

Has anyone faced this issue? Karen Talley in my law school’s IT Department did. She received a notice from Bank of America, stating that “Your CD will be maturing soon. The account number, maturity date, and other information pertaining to your CD are ... Read full article

It goes without saying that I think the Fed did a real jerk move on the Durbin Amendment rulemaking. But the more interesting issue is why?   ... Read full article

The International Association of Consumer Law, with participants present from six continents, has been meeting at Brunel University in West London the last few days, hearing presentations from regulators, industry representatives, consumer advocates, and ... Read full article

The $8.5B dollar figure of the Bank of America settlement with a cohort of MBS investors has gotten all the attention, but I think there's a bunch of more interesting things going on than the price tag.  Still, it's hard not to talk about the ... Read full article

If anyone doubted who set the marching tune for the Federal Reserve Board, it was sure clear today. The Fed announced its final rule under the Durbin Interchange Amendment, and it was quite the handout to the big banks.   ... Read full article

By popular demand -- and only by popular demand -- here is a post on the chapter 11 in the Dodgers case. My beloved Redbirds seem to have found the mid-season swoon that we all knew was coming. I have been in baseball denial, but the Dodgers have dragged ... Read full article

Even though the CFPB cannot cap interest rates on payday loans, there is still plenty that the CFPB can do to regulate these lenders. But what should the Bureau do? Some of the trickiest aspects of the payday lending issue have nothing to do with interest ... Read full article

Gotta love that a team named the "Dodgers" filed for bankruptcy. Is that streetcars they're dodging or creditors? ... Read full article

Who said that the US had a monopoly on extend and pretend?  The French are showing that they know that move and that they can do it with panache.  The French have graciously announce d that their banks have agreed to reinvest about 50% (~.7*.67) of their ... Read full article

Yves Smith has an interesting post up on Naked Capitalism about Florida Governor Rick Scott suggesting that Florida could switch from judicial to nonjudicial foreclosures as a way to solve its foreclosure overload. ... Read full article

Vickie Lynn Marshall, as she is known to bankruptcy mavens, or Anna Nicole Smith, as she is known to normal people, lost today in her second round before the Supreme Court. ... Read full article

On behalf of everyone at Credit Slips , I am extremely pleased to announce that Jean Braucher will be joining us as an "Occasional." Jean will be well known to many Credit Slips readers and has been a past guest contributor . She is, of course, ... Read full article