CreditSlips

Pre-paid Cards Enter the Credit Market, Thwarting the Primacy Impetus for Using the Cards

04/03/14

A while back, The PEW Charitable Trust did two fascinating papers, found here and here, on prepaid cards.

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Thank You to Javier Arias and Andrew Dawson

04/03/14

On behalf of everyone at Credit Slips, I wanted to thank Professor Javier Arias of the Universidad Rey Juan Carlos and Professor Andrew Dawson of the University of Miami. It takes time out of a busy schedule to contribute to the Credit Slips community, and their contributions are well appreciated.

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Reflections on the Dark Side

04/02/14

Thanks to all who commented on my earlier post on the interaction of §§ 544(a)(3) and 551 and homeownership in bankruptcy; as hoped, CreditSlip readers helped me frame the questions that I continue to have about Traverse and the larger policy questions it raises.

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Supreme Court denies certiorari in Sinkfield (chapter 7 lien strip-off case)

04/01/14

The U.S. Supreme Court has denied a petition for writ of certiorari in Bank of America v. Sinkfield, an 11th Circuit case raising the issue whether a junior lien wholly unsupported by collateral value can be stripped off in chapter 7. 

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DIP Loans and the SIFI Problem

03/30/14

Word on the street is that the company formerly known as TXU – now known as Energy Future Holdings – is lining up the biggest private DIP loan ever. About $9 billion.

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Teaching Consumer Law Conference in Santa Fe New Mexico, May 30-31, 2014

03/29/14

Richard Alderman (Houston Law Center ) and I welcome all of you to beautiful Santa Fe New Mexico on May 30-31,  2014 for the only international conference in the world dedicated to the teaching of consumer law. The conference is sponsored by the Center for Consumer Law at the University of Houston Law Center, in cooperation with the University of New Mexico, and the National Association of Consumer Advocates. This year the theme is “Teaching Consumer Law in a Virtual World.”

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It's My Fault You Can't Get a Mortgage

03/29/14

Can’t get a mortgage?  Turns out it’s my fault.  As in mine, personally.  Yup.  That’s the claim in a Housing Wire written by right-wing banking analyst R. Christopher Whalen.  Here is Whalen’s argument in a nutshell:  

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Is UCC Article 8 Bitcoin's Savior (for Commercial Law)?

03/28/14

Two weeks ago, I wrote a post based on Lynn LoPucki's observation that Article 9 of the Uniform Commercial Code (UCC) might be Bitcoin's Achilles heel. From that experience, I learned that the surest way to get attention for a blog post is to put "Bitcoin" in the title. Thus, I am back.

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The Latest Amendment of Spanish Insolvency Law (2 and Farewell to Spanish Guestblogging)

03/28/14

This post will be my last one, and I would like to start it thanking Bob and the rest of the Credit Slips team for inviting me again to guest blog. I felt flattered and excited to share my experiences with Spanish insolvency law the first time, and the feeling remained throughout my second blogging stint. The experience has been so interesting (and a bit challenging) that I would not mind returning for a third time in the future.

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