News Topic: CreditSlips

Or a bit of this this and that. ... Read full article

... Read full article

I'm testifying tomorrow before Senate Judiciary Committee's Subcommittee on The Constitution (yes, that's the official capitalization), about the constitutionality of the Dodd-Frank Act.   Short version: nothing to see here folks. Slightly ... Read full article

... Read full article

... Read full article

The Federal Reserve System has embarked on a project of exploring the possibility of faster retail payments in the United States.  A similar move has occurred with the UK Payments Council.  At the same time, the Electronic Payments Network is rolling out ... Read full article

Yesterday, Judge Amy Totenberg of the Northern District of Georgia issued a very cogent 70-page opinion in the case of the CFPB v. Frederick Hanna & Associates , a large collection law firm with offices in Georgia, Florida, and South Carolina. The ... Read full article

The Supreme Court made a noteworthy contribution to the crescendo in our national conversation about race in its recent Texas v. ICP Fair Housing Act decision. The Court affirmed that the Fair Housing Act prohibits not only explicit racial discrimination, ... Read full article

As Melissa has noted , the First Circuit has found that the Commonwealth's attempt to solve its own problem runs afoul of Congress' "intent" to leave Puerto Rico without a municipal bankruptcy system. ... Read full article

... Read full article

Today's Greek referendum might look like a high point for democratic accountability, but it is not. When Greek citizens vote on the demands of their government’s international creditors, the outcome will bind Greek politicians, but not the creditors ... Read full article

So I've been off the grid for a few weeks, and of course after months of little to talk about, the world gave us a bounty of stories about financial distress, and related topics, each of which would merit its own post. But I'm going to hit them ... Read full article

In a recent case called Madden v. Marine Midland Funding , the Second Circuit ruled that a loan owned by a debt collector violated New York's usury statute.  The loan had been originally made by a national bank and was subsequently sold to the debt ... Read full article

Since 2004, 12 Catholic dioceses have filed under Chapter 11. The latest case is that of the Archdiocese of St. Paul and Minneapolis, which filed in January 2015. The claims bar date is set for August 3. How should the Archdiocese go about notifying ... Read full article

Credit Slips  blogger, Anna Gelpern , was on the Diane Rehm Show this morning discussing the financial problems in Puerto Rico and Greece. Gelpern of Georgetown University was joined by Greg Ip of the  Wall Street Journal and Matthias Matthjis of Johns ... Read full article

Yesterday the Consumer Financial Protection Bureau (CFPB) went live with its consumer complaint database , publishing over 7,700 consumer narratives detailing problems they have faced with banks, debt collectors, and other creditors. ... Read full article

I've been a skeptic for some time about claims that we have a student loan "crisis" in the United States. For individuals mired with student loan debt, it is very much a crisis, of course. ... Read full article

I agree with Adam about all that post- Starr hyperventilation . No, it does not mean that bailouts are over, that the Fed has been slapped down, or any of that lurid stuff. ... Read full article