CreditSlips

The Interchange Settlement

08/15/12

I've held my tongue for a while on the proposed class settlement in the multidistrict credit card interchange fee litigation (MDL 1720).  I'm weighing in on it now.  I've written up an analysis of the proposed settlement.  It's available here.

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The Tenuous Case for Swaps Clearinghouses

08/15/12

I've got a new short article out about swaps clearinghouses.  It's a response piece to an article by Prof. Yesha Yadav.

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Zip Codes and Internet Searches Populate Database Mines

08/14/12

Twice now the New York Times has reported on a mysterious company in Arkansas, Acxiom, that has been collecting endless data on all of us but no one is entirely sure what they have or why they have it.  This is why neither NYT story makes perfect sense.  Something is wrong but we do not know enough about what they are doing to know what it is.  Consumers do not get to see their files according to the

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Why Bother?

08/14/12

The SEC enters into another rounding error settlement with a financial insitution, this time Wells Fargo.

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Learn How to Defeat Debt Collection cases Involving Junk-Debt-Buyers and Other Robo-Signers

08/14/12

Professor Peter Holland (U Maryland Law) has written a fantastic paper explaining in great detail how to defend against a debt-buyer-lawsuit, and possibly recover for Fair Debt Collection Practices Violations as well.

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Everything You Always Wanted to Know About CDOs (But Were Afraid to Ask)

08/13/12

Bill Bratton and I have a new paper out, called A Transactional Genealogy of Scandal:  from Michael Milken to Enron to Goldman Sachs.

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Finally, WIll We Stop Talking About the Auto Cases?

08/11/12

I generally try to avoid politics on this blog, although readers know that I was generally supportive of the Administration's approach to the auto bankruptcies. You can critize the overuse of 363 sales, but the auto cases were not particularly special in that regard.

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Submit Paper on The Debt Crisis for the AALS by August 31

08/09/12

One more scholarly paper note....The AALS sections on Poverty Law and Clinical Legal Education will sponsor a joint program on January 5, 2013 at the AALS Annual Meeting, entitled The Debt Crisis and the National Response: Big Changes or Tinkering at the Edges?The program will explore ways in which our clients and communities have experienced the national debt crisis.

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Bankruptcy Code in ePub and Kindle Formats

08/07/12

For readers putting together course syllabi in the bankruptcy area, this post is just a reminder that my able research assistant, Scott Cromar, and I put together ePub and Kindle versions of the Bankruptcy Code and Federal Rules of Bankruptcy Procedure. These versions are based on the public domain files available from the U.S. House of Representatives last December, and I intend to do a new version this December.

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Bankruptcy on the Bar

08/07/12

One of our recent grads tells me that the recent Texas bar exam had a question on bankruptcy law. That got me wondering how many states test bankruptcy law on their bar exam. Two minutes of searching around on Google did not reveal any others, but by then my limited attention span was exhausted.

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