News Topic: CreditSlips

For anyone thinking, teaching, or writing in the area of consumer financial decision making, the Boulder Summer conference is top notch. ... Read full article

Some thoughts over at Dealbook . ... Read full article

Two big rulings in Detroit's Chapter 9 bankruptcy today:  first that Detroit is eligible for Chapter 9 and second that it may impair its pension obligations in bankruptcy.  Both rulings were delivered orally from the bench and transcripts aren't ... Read full article

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Lots of questions about the Blackstone CDS trade that Bloomberg wrote a great piece on back in October , and that Jon Stewart has now brought (finally) out into the ligh t. ... Read full article

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The CFPB just settled an enormous enforcement action against payday lender Cash America. Under the settlement, Cash America will pay $5 million in penalties and $14 million in refunds to overcharged customers. ... Read full article

Yesterday, the Supreme Court agreed to hear  Clark v. Rameker  to decide whether inherited IRAs are exempt from a bankruptcy estate. ... Read full article

We still have a ways to go, five years after the Global Financial Crisis.  Total mortgage debt has eased down from 10.5 trillion dollars to 9.3 trillion , but that 10% drop aligns poorly with the 25% drop in home values, not to mention stagnant real ... Read full article

So this morning's FT tells us that Royal Bank of Scotland is in hot water for allegedly playing hardball with its borrowers, in the hopes of acquiring some of their assets on the cheap. That is RBS has adopted something of a "loan to own" ... Read full article

Just as I was getting ready to roll out an article agreeing with Creola Johnson and explaining why Congress should implement a 36% cap, like the Military Lending Act , for all of us, the Dealbook rolled out this story .  A ... Read full article

If ... Read full article

I've got a new article out in the Duke Law Journal entitled The Paper Chase:  Securitization, Foreclosure, and the Uncertainty of Mortgage Title .  The article is about the confusion securitization has caused in foreclosure cases because of the shift ... Read full article

For years, "product innovation" in financial services made consumer advocates squirm. This was the cover term for the 2/28 teaser ARM, automatic and costly overdraft protection, and direct deposit "payday" style loans. It was a great ... Read full article

Banks and insurance companies are apparently gnashing their teeth at the news that the Mt. ... Read full article

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Credit Slips  contributor John Pottow will be arguing the upcoming  EBIA v. Arkison  (née  Bellingham )   case in the U.S. Supreme Court. As briefly summarized in an earlier post , the question in the case has to do with federal bankruptcy court ... Read full article

Credit Slips is a virtual community so very few of you know that I go to Starbucks at least once a day, although a small detail in the pic here was a hint in that direction. ... Read full article