News Topic: CreditSlips

In a somewhat surprising move, the Supreme Court has granted cert. to consider if Puerto Rico's Recovery Act is preempted by section 903 of the Code . I have previously argued it is not , but the First Circuit disagreed. We will now see who wins. ... Read full article

It's appropriations season and efforts to harass the CFPB seem to be going into overdrive. The latest scheme:  hit the CFPB with financial reporting requirements unparalleled for any government agency.  This little nugget of petty harassment is found ... Read full article

The Seventh Circuit  Court of Appeals recently slammed Cook County Sheriff Thomas Dart for his actions trying to get Mastercard and Visa to stop processing payments for Backpage, an advertising website whose ads include various adult services (some legal, ... Read full article

Steve Davidoff Solomon has a Dealbook column on the CFPB's attempts to regulate auto lending that unfortunately gives the wrong impression about what the agency is up to, but which does tee up a really interesting question about the agency's ... Read full article

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The New York Times recently ran a very sad, if extreme and unrepresentative, story of student loan debt . There's lots one can say about the article, but two points really jumped out at me.  ... Read full article

The financial wonkosphere just doesn't get it about Glass-Steagall.  Pieces like this one by Matt O'Brien  concentrate on the questions of whether Glass-Steagall would have prevented the last crisis or whether it is better than other approaches ... Read full article

Forgiving student loan debt for low-income Americans could reduce the racial wealth gap among those households by as much as 50%, according to a new report from Demos and the Institute on Assets and Social Policy . ... Read full article

As the CFPB and Department of Education and others struggle with how best to provide effective help to at risk student loan borrowers, here is one example of a program that provided these services. For full disclosure I am the chair of the advisory ... Read full article

The  ABA Journal  has named  Credit Slips  to its annual Blawg 100 . Thanks for the recognition! We really appreciate it. It is a list of great blogs, and we are honored to be included on it. And, thanks to our readers and commenters who help to make this ... Read full article

As expected, as the number of consumers filing bankruptcy has continued to decrease, the revenue of the consumer bankruptcy debtor and creditor bar has been hit hard. Over the past several years billable hours of business bankruptcy (including insolvency, ... Read full article

After many years of lingering between mediocrity and dishonesty there may be early signs of improvement in the industry that provides financial counseling or coaching for low and moderate income consumers in financial difficulty. Sparks started by Single ... Read full article

I have enormous respect and appreciation for the CFPB and the wonderful and talented and committed folks who work there. Thus I am mystified that in their efforts to improve servicing of student loans and directing of student loan at-risk borrowers to the ... Read full article

Bernie Trujillo emailed me from Valparaiso University with the news that the Indiana bar examiners have added some bankruptcy law to the state bar exam. ... Read full article

Frequent readers of the blog will know that David Lander has guest blogged for us several times. When he was last with us, David left with four topics he wanted to discuss further. When David wrote and said he had the time to turn back to these topics, we ... Read full article

No, blog administrator Lawless, this is not spam. Credit scores are related to dating, as Ana Swanson reports in the Washington Post that credit scores are "eerily good at predicting" success in forming a committed relationship. The higher an ... Read full article

The Archdiocese of Milwaukee filed its chapter 11 petition on January 4, 2011. Yesterday, four years and ten months later, Bankruptcy Judge Susan Kelley confirmed the dioceses' reorganization plan. During those four plus years, the most contentious ... Read full article

There’s an interesting new article  out on the celebrated Massachusetts U.S. Bank v. Ibanez   case that suggests that the defendant, Antonio Ibanez, was at the center of a property fraud ring. It's not clear to me that there was anything illegal ... Read full article