News Topic: CreditSlips

Consumer financial education , disclosure , and defaults all dispensed with in my prior posts, shall we move on to “substantive” regulation, dare I even say “usury”? ... Read full article

Over at VoxEU , economists Daniel Aronson and Eric French have a discussion about the their research of the effects of a minimum wage hike. ... Read full article

As ... Read full article

It’s National Consumer Protection Week (NCPW)!   Federal, state, local, and nonprofit consumer protection agencies and organizations are making extra efforts to promote consumer awareness .  First I have to get out of my system thoughts of Tom Lehrer’s ... Read full article

On behalf of eveyone at Credit Slips , I wanted to thank Professor Paige Skiba for spending ... Read full article

Now that my last few posts have bludgeoned consumer financial education and at least bloodied disclosure, and given that my suggestion of comprehension requirements is completely untested as a means of consumer protection for financial products, what ... Read full article

Apparently part of the bank flaks' talking points regarding the foreclosure reviews is that to the extent homeowners harmed by wrongful foreclosures, they were actually drug dealers. The message: we didn't foreclose on anyone who didn't ... Read full article

The more we learn about the mortgage servicing settlement, the more rotten it's looking. I really didn't think it was possible, but this piece in the New York Times details more problems, including with Servicemembers Civil Relief Act (SCRA) ... Read full article

Mark makes an immensely important point in his post  on the latest in NML v. Argentina ; it merits emphasis and perhaps an extension. The fact that a U.S. ... Read full article

Professor Mark Weidemaier  of the University of North Carolina has been guest blogging with us since early November. Today's post on the Second Circuit's pari passu hearing in the NML litigation marked an end to his time with us. ... Read full article

One major benefit of being a member of the American Bankruptcy Institute is a nice rundown of daily bankruptcy-related headlines delivered by email daily. Today's list included a combination of headlines that made me smile ... "Girls Gone Wild ... Read full article

The pari passu hearing is over and done and, as Anna Gelpern described, what a hearing it was . Perhaps most interesting was the panel's apparent openness to an alternative payment formula that wouldn't require Argentina to pay the full ... Read full article

The New York Fed has posted a new analysis of student loan debt .  Depending on how you read the data, student loan borrowers are either in serious trouble, or are no worse off than consumers with credit card debt or car loans.  The bad news is that only ... Read full article

What if, instead of making the consumer smarter or the disclosures more comprehensible, as discussed in my last several posts, we made financial product disclosures smarter? ... Read full article

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The National Consumer Law Center’s e-blast this morning contained some very good news for consumers.  The 6th Circuit has just thrown out a nationwide settlement involving Midland, a robo-signing debt buyer, and over a million consumers.  This will allow ... Read full article

I am just back from joining 250+ other obsessed (and some paid) persons at the second Second Circuit hearing on the pari passu clause in NML v. Argentina . ... Read full article

Uniting my current teaching load with Dodd-Frank, over at Dealb%k . ... Read full article