News Topic: CreditSlips

I have a more refined piece on the problems with the Madden fix bills in the American Banker .  See here for my previous thoughts.  ... Read full article

Among emerging market countries that have needed to restructure in recent decades, Venezuela is uniquely dependent on external commercial ties, especially oil exports to the United States by state oil company PDVSA. ... Read full article

It seems to me a sign of serious regulatory dysfunction when a government expressly uses bankruptcy law as a means of collection, rather than rescue or at least collective redress, with an aim to treating economic stagnation. ... Read full article

The second edition of my Corporate Finance textbook is now available at finer booksellers , and Amazon too.  The companion website has also been updated – professors can get the password from their Aspen reps. ... Read full article

And so it begins . ... Read full article

Guess who’s sponsoring legislation to facilitate predatory lending? It’s not just the usual suspects from the GOP, but it looks like a number of centrist “New Democrats” are signing up to help predatory financial institutions evade consumer protections.  ... Read full article

Time for a CFPB politics update:  FSOC veto, Congressional Review Act override of the arbitration rulemaking, Director succession line, and contempt of Congress all discussed below the break. What happened to that FSOC Veto Threat? ... Read full article

Last year, I posted about John Oliver's segment on Last Week Tonight dissecting multilevel marketing (MLM) companies (aka pyramid schemes), and proposed a link between personal debt, bankruptcy, and MLM companies. ... Read full article

Last time on Super-Sad Updates , I speculated (i) that the Venezuelan people could be in for more suffering and bondholders for more coupon payments (see Romania), (ii) that Venezuela’s complex debt stock was prone to shell games and inter-creditor ... Read full article

Market and civil society observers have taken Venezuelan debt restructuring as a certainty for more than two years, putting it in contention for the world’s slowest train wreck and quite possibly the messiest. ... Read full article

Following his appointment of Steven Mnuchin as Treasury Secretary, the President has nominated Joseph Otting, former CEO of OneWest Bank, to be the chief federal bank regulator as head of the Office of the Comptroller of the Currency. ... Read full article

As careful  Credit Slips  readers will remember, I was inflicted on the American Bankruptcy Institute's Commission on Consumer Bankruptcy as the Commission's reporter. Things are off to a roaring start. ... Read full article

A few weeks ago, Adam did a great post about the CFPB's new arbitration rule , analyzing whether we would get a veto from the Financial Stability Oversight Council (FSOC). My own, much more modest effort, explaining the arbitration rule for our local ... Read full article

The Gilbert Index blog was kind enough to feature  Credit Slips  in a Q&A . For those of you who are interested in how  Credit Slips  came about, check it out. ... Read full article

Yesterday, I noted the U.S. bankruptcy filing rate of 2.38 per 1,000 persons is at historic lows . The next question is always why. In this post, I am going to try to walk through an explanation in four graphs. The upshot is that consumer debt is low but ... Read full article

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