News Topic: CreditSlips

This post is an extended aside from my previous post about David Evans' argument about the CFPB's mindset and institutional incentives.  The point isn't critical to Evans' argument, but I'm writing because it really irks me ... Read full article

David Evans has an interesting  article on PYMNTS  that argues that " The fundamental problem with the CFPB ... isn’t who’s on top. ... Read full article

The European Commission has just released its proposal for another Insolvency Directive , finally tackling the very sticky issue of substantive harmonization. ... Read full article

Just a handful of modern big-city bankruptcies have revealed foundational questions about chapter 9's fit within federal courts and constitutional jurisprudence. ... Read full article

For Slips readers that might not otherwise see it, I wanted to highlight  this post on the Delaware Corporate & Commercial Litigation Blog , about a recent state supreme court decision on the distinction between setoff and recoupment, and the ... Read full article

A couple weeks ago, on Last Week Tonight , John Oliver started what promises to be the greatest pyramid scheme ever. In an effort to help him, watch the segment here (warning: language). ... Read full article

     Imagine a conversation with Siri (or other digital assistant), circa 2040, that begins as follows:         Mariana: Siri. I am wondering whether I should file bankruptcy. What do you think? Siri: Have you considered meeting with a consumer bankruptcy ... Read full article

Do financial institutions care about bigotry?  I don't ask that facetiously.  I want to be clear that I am not raising the question of whether financial institutions themselves want to discriminate based on race, gender, national origin, religion, ... Read full article

Today in bankruptcy I taught  In re Trump Entertainment Resorts ,  Inc.  (Bankr. D. Del. Feb. 20, 2015) .  The case isn't in my casebook (although some might notice that I presciently included in the problem sets a recurring character named Ronald ... Read full article

     On May 19, 2015, Clark County Collection Services, LLC ("CCCS"), a Nevada debt collector, obtained a default judgment in Nevada Justice Court against Patricia Arellano on an assigned medical claim of $371.89. Two months later, on July 27, ... Read full article

On the new reality. Over at Dealb%k. ... Read full article

Credit Slips is delighted to welcome first-time guest blogger, Professor Gary Neustadter . A renowned innovative teacher, Professor Neustadter  specializes in debtor-creditor law, contracts, consumer protection, and legal practice. ... Read full article

Banking is not an industry; banking is not the real economy. The big banks especially are economic and political behemoths that remain unpopular and poorly understood in the popular imagination. ... Read full article

After focusing on the substance of personal bankruptcy laws around the world for years, I'm now convinced that I should instead have been focusing on institutions and procedure. Reports of the first year of the Russian personal bankruptcy process ... Read full article

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Dealers occupy an important position in financial markets, essentially serving as central nodes that match buyers and sellers of all types of instruments.  Sometimes the dealer itself will serve as the ultimate buyer or seller, but frequently they are ... Read full article

This week CFPB Director Richard Cordray stated that he was “gravely concerned” by banks' attempts to prevent screen scraping of consumer data by fintechs authorized by consumers collect their financial data. ... Read full article

N.C. Gen. Stat. § 23-46:   It shall be unlawful for any individual, corporation, or firm or other association of persons, to solicit of any creditor any claim of such creditor in order that such individual, corporation, firm or association may represent ... Read full article