Former Credit Slips blogger Elizabeth Warren who also happens to be the senior senator from Massachusetts was a category on Jeopardy! last night. H/T to the WSJ's Bankruptcy Beat , which has a more complete story on the topic including the ... Read full article
Some thoughts on how much faith we should have in the debt markets, and whether they are actually markets at all, over at Dealb%k . ... Read full article
The CFPB entered into a Consent Order with Flagstar Bank regarding its default mortgage servicing practices. This order is really important. ... Read full article
A long long time ago in this same galaxy, I wrote what may be Credit Slips' most popular post: What do bankruptcy mortgage servicing and phone sex in common? Today, I bring you a new comparison: bankruptcy mortgage servicing and ebola. At the outset, ... Read full article
Just ba ... Read full article
And now time for s ... Read full article
The Second Circuit has refused to hear Citibank's appeal of Judge Griesa's order enjoining Citi from making payment on USD-denominated, Argentine-law bonds. The Second Circuit's order is a bit... Delphic. ... Read full article
A ... Read full article
Interesting op-ed on digital wallets by Edward Castronova and Joshua Fairfield in the NYT. I'm a little more skeptical. Thoughts follow the break. (1) We already live in a world of digital currency. ... Read full article
Apple Pay has been getting a lot of attention, and I hope to do a longer post on it, but for now let me highlight one possible issue that does not seem to have gotten any attention. I think Apple may have just become a regulated financial institution, ... Read full article
One of the competitors in the Great Mobile Payments Race is changing its name. Isis Wallet , a mobile payments joint venture of AT&T, Verizon, and T-Mobile is changing its name to Softcard for fairly obvious reasons . Isis Wallet operates by having ... Read full article
The Archdiocese of Milwaukee is one of 11 dioceses (plus 2 other Catholic-affiliated religious orders) to file under Chapter 11 -- and it likely will not be the last . All of the cases were filed in hopes of achieving global settlements of sexual abuse ... Read full article
One of the post-bubble conventional wisdom stories that has gotten a lot of traction is that housing is a bad investment and that consumers would do better to rent and invest in the stock market. The problem is that it's wrong. ... Read full article
Ding Dong! The Witch is Dead! We have a contract fix against holdouts in sovereign debt restructuring. Here are my two cents on the proposed reforms, as of last Friday. Bottom line is way positive. In my admittedly biased opinion, this is unusually ... Read full article
Last December the FDIC put out for comment a proposal for a Single-Point-of-Entry (SPOE) Strategy to implement its Orderly Liquidation Authority (OLA) under Title II of Dodd-Frank. Single-Point-of-Entry has gotten a lot of policy traction. The Treasury ... Read full article
Thoughts on cramdown and "make whole" call provisions, over at Dealb%k . ... Read full article
Mark Fogarty has a nice write-up in National Mortgage News of a book chapter about duties to serve in housing finance that I wrote with Jannecke Ratcliffe for a volume entitled Homeownership Built to La ... Read full article
Financial crisis litigation has been going on for several years now and has been resulting in lots of piecemeal settlements. As a result, it's easy to miss the big picture. There's actually been quite a lot of settlements covering a fair amount ... Read full article
