News Topic: CreditSlips

Felix Salmon has an interesting and provocative piece arguing Why Mobile Payments Will Never Take Off . The problem, Felix observes, is that none of the mobile payment systems around really offer any improved convenience over plastic. ... Read full article

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American Banker reporters Maria Aspan and Jeff Horwitz have been sharing cutting edge news about the debt collection and debt buyer world for some time. The news they share this week is good news indeed. They report that JPMorgan Chase is pulling back ... Read full article

Props to Jodi Helmer for her recent story on creditcards.com about dating and credit scores. I am interested in this development in general and also in how it might jibe with current protocol on who pays for dates.  ... Read full article

In a stunning upset of nobody's expectations, Argenitna is seeking Supreme Court review  of the  October 26, 2012 Second Circuit decision that it cannot pay its restructured debt unless it also pays the holdouts. ... Read full article

E ... Read full article

The Supreme Court granted cert this morning in two cases of note to Credit Slips readers, one on the CFPB and one on bankruptcy court jurisdiction. First, in NLRB v. Noel Canning , the Court agreed to decide whether the president properly exercised his ... Read full article

"Make ... Read full article

A few weeks ago, I posted about an apparent movement to challenge the bankruptcy-exempt status of IRAs based on boilerplate language commonly found in the account agreements of many of the nation's largest brokerages. The legal argument rested on ... Read full article

In addition to the fair housing case that Alan noted , the Supreme Court also granted cert in a bankruptcy case, Law v. Siegel . ... Read full article

The Supreme Court granted certiorari today in MOUNT HOLLY, NJ, ET AL. V. MT. HOLLY GARDENS CITIZENS , on the question whether Fair Housing Act claims of race discrimination in the sale, rental or financing of housing can be proven based on evidence of ... Read full article

The foreclosure fraud settlements were already farcical, but it just gets worse and worse. Now we learn that the Fed approved the amendments to its consent orders with mortgage servicers without it actually going before the Board of Governors for a vote . ... Read full article

Lois Lupica and Na ... Read full article

The late ... Read full article

What is the appropriate use of Section 328? Professionals sometimes use section 328 as an alternative means for seeking approval of employment applications, but actually section 328 applies to getting pre-approval for alternative (non-lodestar) modes of ... Read full article

What are the duties of the lawyer represent the debtor-in-possession? We know the DIP has fiduciary duties to the estate. Does this mean that the DIP’s attorney is actually counsel for the “estate”? This is not a question on a law school exam, but a very ... Read full article

The latest data from Epiq Systems are available, and they confirm my estimate last month of just over 1.0 million bankruptcy filings for the 2013 calendar year. Epiq Systems reports 96,430 bankruptcy filings for the month of May. Spread over the 22 ... Read full article

The problem of the high cost of consumer bankruptcy representation is well documented. The recent Consumer Bankruptcy Fee Study revealed a 24% increase in attorney fees post-BAPCPA for chapter 13 cases, with mean fees in some jurisdictions approaching ... Read full article