News Topic: CreditSlips

On behalf of everyone at Credit Slips , I want to thank Professor Amy Schmitz for joining us as a guest blogger. Her posts included the song  Fine Print Foils  lamenting the legal traps laid for everyday households in many a consumer contract. ... Read full article

After some fancy computing, it appears the last U.S. bankruptcy filing will occur on October 11, 2018. ... Read full article

Bloomberg reports that Congress will consider overhauling debt collection in the $100 billion-a-year U.S. student loan program, replacing it with automatic withdrawals from borrowers’ paychecks tied to their income -- a system similar to those sued in the ... Read full article

The Ninth Circuit handed down Executive Benefits Insurance v. Arkinson today. ... Read full article

At long last, debt collection goes Hollywood! Brad Pitt's productio company Plan B and HBO are developing what looks like a new TV series called " Paper ," a drama inspired by Jake Halpern's essay " Pay Up " featured in the ... Read full article

Fannie and Freddie are reportedly enacting a voluntary foreclosure moratorium for the holidays . Much obliged guv'nor!  I've got a beef with this foreclosure moratorium. It captures everything that is wrong with how the GSEs and FHFA have ... Read full article

A quick post to announce that intellectual property scholar Jennifer Rothman has just published an article that engages with the bankruptcy treatment of the "right of publicity." Painting with the broadest brush, the piece questions the ... Read full article

Bloomberg has a story Foreclosure Wave Averted as Doomsayers Defied . I think it's a great example of defining deviancy downward. There's no question that we haven't seen a foreclosure tsunami in the wake of the federal-state servicing ... Read full article

There's a linguistic irony that "gift" is the German word for poison. What, then, should we make of the "gift card"?   Senator Richard Blumenthal's introduced new legislation, the Gift Card Consumer Protection Act (S.3636) ... Read full article

Lots of activity in the pari passu litigation: The lawyers for the exchange bondholders have been working overtime, filing an emergency motion to stay Judge Griesa's injunction (just granted  here !) and asking the Second Circuit to let them ... Read full article

In the Argentine appeal ? This weekend I found myself reading an 1829 edition of  American Jurist and Law Magazine (it's a long story, but says much about my social life), and came across the following: ... Read full article

Laugh, cry, give up: the Financial Times editorial argues for Supreme Court review of Judge Griesa's decision because not enough countries use collective act ... Read full article

Anna Gelpern has already posted on the pari passu wipeout of Argentina. As she noted, NML got pretty much everything it wanted. By contrast, the exchange bondholders got no love whatsoever. The district judge dismissed their argument that it was unfair ... Read full article

Christmas came early to Elliottville . Judge Griesa issued an amended order and two opinions that shoo away just about all the arguments that Argentina, the exchange bondholders, the various intermediaries and fellow travelers tried to fling in the way of ... Read full article

The Consumer Financial Protection Bureau is doing something promising with its anti-abuse authority under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.  It is going after credit industry exploitation of consumers, particularly ... Read full article

Nathalie Martin invited readers to skip Black Friday and do a spending fast. Her post caused me to wonder whether we have lost the true meaning of Black Friday. Based on an informal survey, it seems to be the case that people have forgotten why we call ... Read full article

Credit Slips bloggers Jean Braucher and Melissa Jacoby  have been elected to the American College of Bankruptcy . ... Read full article

Last Friday was the filing deadline set by (a rather irked ) Judge Griesa for Argentina and interested third parties in that country's long-running battle with NML and other restructuring holdouts. ... Read full article