News Topic: CreditSlips

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The Trump Treasury Department's Dodd-Frank Act report spends more pages on the CFPB (including mortgage regulation) than on any other issue.  There's a whole bunch of blog posts that one could write about the Treasury report, but I want to limit ... Read full article

The Home Mortgage Disclosure Act  of 1975 is a key piece of fair lending legislation.  It requires mortgage lenders to report data on loan applications and loans funded that enables both government and private groups to monitor lending patterns for ... Read full article

Jeff Sovern has an excellent new article about arbitration clauses and class action waivers that uses the Wells Fargo fake account scandal as a test case. ... Read full article

It was not at all surprising that, for his first (traditionally unanimous) opinion, in Henson v. ... Read full article

I'm testifying before the Senate Banking Committee this week about "Fostering Economic Growth: The Role of Financial Institutions in Local Communities".  It's the undercard for the Comey hearing.  The big point I'm making are that ... Read full article

Statutory interpretation enthusiasts: prepare to nerd out on an issue on which the Court has a cert petition pending .  The question involves the federal jurisdictional bar to Medicare challenges.  Let’s start with the text : ... Read full article

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The Supreme Court got it right in  Midland Funding LLC v. Johnson , which holds that it is not a violation of the Fair Debt Collection Practices Act to file a proof of claim in a Chapter 13 bankruptcy based on a debt whose statute of limitations has ... Read full article

Today, the U.S. Supreme Court decided Kindred Nursing v Clark , an arbitration case in which the Kentucky Supreme Court declined to enforce arbitration agreements between a nursing home and two patients. ... Read full article

As noted as an update in the prior post , May 17 is the first hearing in Puerto Rico's PROMESA restructuring cases (which also have new case numbers) . ... Read full article

It is nearing the one-week anniversary of the biggest government bankruptcy in U.S. history: the Commonwealth of Puerto Rico. ... Read full article

Over at Dealb%k . ... Read full article

In this short paper , I question whether derivatives clearinghouses can be "resolved" under Dodd-Frank's title II " Orderly Liquidation Authorit ... Read full article

Midnight came and went with no news of a debt deal in Puerto Rico, and no extension of a stay on creditor enforcement under PROMESA . ... Read full article

As Jason Kilborn noted last month, the American Bankruptcy Institute (ABI) has formed a Commission on Consumer Bankruptcy. More information about the Commission is available on its web site including the unfortunate news that it got saddled with me as the ... Read full article

A new Museum of Failure in Sweden stands as a tribute to the notion that failure is just an opportunity for learning, powering growth and future innovation. I thought no group could appreciate that as much as Credit Slips readers. Europe is still in the ... Read full article