CreditSlips

Worth Reading

12/11/13

This.

It is satire. Really good satire.

Hat tip to CL&P Blog.

[more]

2014 Boulder Summer Conference on Consumer Financial Decision Making

12/10/13

For anyone thinking, teaching, or writing in the area of consumer financial decision making, the Boulder Summer conference is top notch.

[more]

What's a Bailout?

12/09/13

Some thoughts over at Dealbook.

[more]

Detroit: Eligibility and Pensions

12/03/13

Two big rulings in Detroit's Chapter 9 bankruptcy today:  first that Detroit is eligible for Chapter 9 and second that it may impair its pension obligations in bankruptcy.  Both rulings were delivered orally from the bench and transcripts aren't yet available, so it's hard to really parse them other than through selected quotations in the media. With that major caveat, here are my initial thoughts on each issue in turn:

[more]

CFPB What Have You Done for Me Lately? The Cash America Case, For One Thing

11/27/13

The CFPB just settled an enormous enforcement action against payday lender Cash America. Under the settlement, Cash America will pay $5 million in penalties and $14 million in refunds to overcharged customers.

[more]

The Supremes Take Another Bankruptcy Case

11/27/13

IRA Nest EggYesterday, the Supreme Court agreed to hear Clark v. Rameker to decide whether inherited IRAs are exempt from a bankruptcy estate.

[more]