CreditSlips

Minimum Wage & Consumer Borrowing

03/08/13

Over at VoxEU, economists Daniel Aronson and Eric French have a discussion about the their research of the effects of a minimum wage hike.

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Thank You Paige Skiba

03/06/13

TitleLoanOn behalf of eveyone at Credit Slips, I wanted to thank Professor Paige Skiba for spending

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National Consumer Protection Week and Disclosure 3.0

03/06/13

It’s National Consumer Protection Week (NCPW)!   Federal, state, local, and nonprofit consumer protection agencies and organizations are making extra efforts to promote consumer awareness

First I have to get out of my system thoughts of Tom Lehrer’s song, National Brotherhood Week:

                Step up and shake the hand/Of someone you can’t stand . . .

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Why the Independent Foreclosure Reviews Were Doomed to Fail

03/03/13

Apparently part of the bank flaks' talking points regarding the foreclosure reviews is that to the extent homeowners harmed by wrongful foreclosures, they were actually drug dealers. The message: we didn't foreclose on anyone who didn't deserve it. We were just foreclosing on some scumbags and doing you all a favor by getting the meth lab out of the neighborhood before it blew up. We're part of the war on drugs. 

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SCRA and Foreclosures

03/03/13

The more we learn about the mortgage servicing settlement, the more rotten it's looking. I really didn't think it was possible, but this piece in the New York Times details more problems, including with Servicemembers Civil Relief Act (SCRA) violations in the form of foreclosures on active duty military members.  

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Sovereign Bankruptcy, Day One: Market Rallies

03/01/13

Mark makes an immensely important point in his post on the latest in NML v. Argentina; it merits emphasis and perhaps an extension. The fact that a U.S.

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Thank You Mark Weidemaier

03/01/13

Professor Mark Weidemaier of the University of North Carolina has been guest blogging with us since early November. Today's post on the Second Circuit's pari passu hearing in the NML litigation marked an end to his time with us.

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Inadvertent Humor in Today's Bankruptcy Headlines

03/01/13

One major benefit of being a member of the American Bankruptcy Institute is a nice rundown of daily bankruptcy-related headlines delivered by email daily. Today's list included a combination of headlines that made me smile ...

"Girls Gone Wild Files for Bankruptcy" was an interesting enough headline, but immediately following it was this: "Grupo Bimbo Wins Hostess Beefsteak Auction." Nice.

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Pari passu realpolitik (big news, and a goodbye)

03/01/13

The pari passu hearing is over and done and, as Anna Gelpern described, what a hearing it was. Perhaps most interesting was the panel's apparent openness to an alternative payment formula that wouldn't require Argentina to pay the full accelerated debt immediately. But it looked unlikely that such a compromise could be reached.

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