News Topic: CreditSlips

On May 4, the CFPB issued a report sharing information the agency had gathered about mortgage forbearances and delinquencies. One notable takeaway is that Black and Brown homeowners, as well as low-income homeowners, are very prevalent among those in ... Read full article

Today Judge Dabney Friedrich (a Trump appointee) ruled that the CDC's eviction and foreclosure moratorium exceeded the agency's statutory authority. This ruling has me wroth. ... Read full article

Just when you thought you had seen everything.... Rent-to-Own Dogs !  Apparently, it is illegal to do lease out a dog in Massachusetts .  It does seem perfectly fine, as far as I can tell, to sell a dog on installment credit in Massachusetts and to take a ... Read full article

The United States Trustee settled with three large law firms that failed to disclose the nature of their relationship with the Sackler Family Purdue when they were engaged by Purdue in its bankruptcy. The result is that these firms will return $1 million ... Read full article

I filed an amicus brief today in support of the challenge of eight state attorneys general to the FDIC's Valid-When-Made Rule . ... Read full article

Following-up on my prior post , let’s talk more about what’s at stake in this little legislative kerfuffle in the Hawkeye state, as well as how consumer advocates should seize on this moment in a different way.   ... Read full article

I've been saying for quite a while that the OCC is a "problem agency"  that is seriously in need of reform. An article in Politico today underscores the problem. The OCC—under a civil servant acting Comptroller—has begun an active lobbying ... Read full article

Greetings, Slipsters ! I’m thrilled to be here guest blogging, and I thank the editors for having me. So with that, let me get started… Usury, preemption, and pandemic fitness are all colliding here in Iowa.   ... Read full article

On behalf of the other  Credit Slips  bloggers and myself, I would like to welcome Professor Chris Odinet as a guest blogger. Chris is a professor at the University of Iowa College of Law and is part of a new generation of scholars in the consumer finance ... Read full article

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The CFPB today released an important interim final rule that puts some real teeth behind the CDC's COVID eviction moratorium. ... Read full article

Headlines recently appeared in the usual places about a big March jump in bankruptcy filings. It is true that March 2021 total bankruptcy filings were 43,425 (according to the Epiq Systems data) and that was a 39.1% increase from February 2021. That looks ... Read full article

What happens in countries where no consumer bankruptcy regime exists as a safety valve to assuage the worst consequences of unpayable debt? A report this week from Human Rights Watch ( "We Lost Everything": Debt Imprisonment in Jordan ) offers ... Read full article

Slips readers will be interested in Matt Levine's column today , which takes a deep dive into the recently failed Greensill's lending against “prospective receivables,” which is kind of like lending against my prospective estate in Scotland. ... Read full article

A fun new book applies a revealing Law & Order analysis to the multi-billion-dollar, knock-down-drag-out reorganization of Caesar's Palace. ... Read full article

I used my phone to remotely deposit a check today at Bank of America. Before I was able to proceed with the transaction, however, Bank of America required me to agree to new terms and conditions for mobile deposits. The terms and conditions were presented ... Read full article

The Haitian Independence Debt of 1825 is perhaps the most odious in the history of sovereign debt. France agreed to grant recognition to the Haitian state in exchange for a massive indemnity payment, ostensibly intended to compensate French plantation ... Read full article

Millions of heroes of the pandemic--health care workers, law enforcement and first responders, National Guard troops, public school teachers, and social workers--are suffering needless financial hardship because of student loans. Years ago Congress ... Read full article