News Topic: CreditSlips

The Presidential campaign's focus on Mitt Romney 's record at Bain Capital suffers from a confusion about what private equity is. Steven Rattner starts to lay this out in a NYT column , but I th ... Read full article

We've been pretty quiet about Madoff on this blog, so I think it's time for a few words on the matter. I want to quickly recap two critical decisions in the case and then raise the issue of the alignment of incentives between the trustee and the ... Read full article

The Credit Slips blog always has tried to offer perspectives from many different social sciences. That is why many readers may be distressed to learn of the attack on the American Community Survey (ACS) . If you do not do a lot of social science work, you ... Read full article

A few quick thoughts and suggested readings on Chase's ever expanding losses from the Whale Trade. First, if you have not been reading Lisa Pollack's Alphaville posts on this topic you really must. ... Read full article

In connection with some ongoing research, I have noticed that U.S. bankruptcy courts have different approaches to informing the public about matters being taken up in open court. Many provide PDFs of court calls on their websites up to several weeks in ... Read full article

A  prior post  addressed a proposed amendment to Article 9's official comments stating that the date of an Article 9 filing relates back to the initial filing date even if the debtor did NOT authorize the filing at that time. This post returns to ... Read full article

A few times I have caught Storage Wars , a television show on A&E. When storage units customers do not pay their fees, the contents are auctioned off by the storage unit company. The show follows professional treasure hunters who bid at these ... Read full article

I have been meaning to write on several consumer scams so here are a few to avoid. “We Can Lower Your Home Loan Interest Rate” Scams.  ... Read full article

Do mutt-lovers (with admittedly too much time and money on their hands) get anything in exchange for the $75-100 they pay to find out what kind of dog they have? It depends. My advice: before ordering a doggie DNA test over the net, do lots of research. ... Read full article

The Tennessee Court of Appeals has issued a decision that highlights the problems facing credit card debt collectors in a post-robosigning world (see here and here ). ... Read full article

Gretchen Morgenson, in Mortgage Unit Troubles Ally Financial explains that: Although repurchase claimants would be considered general unsecured creditors in a ResCap bankruptcy, the put-back demands would very likely be somewhat senior to those of other ... Read full article

A remarkable number of people are buying the creditors' argument that widespread introduction of collective action clauses (CACs) in sovereign bonds makes the debate about the pari passu clause in the Second Circuit  irrelevant to the broader regime ... Read full article

The Fed released some data on debit interchange fees since the Durbin Amendment went into effect ( here  in spreadsheet and here  as a memo with more data). It's all still very early numbers, and things may well change. But so far a few noteworthy ... Read full article

The end of last week got a little busy for many of the Credit Slips bloggers and none of us talked about the story last Wednesday by Jessica Silver-Greenberg at the New York Times regarding aggressive debt collection practices by Accretive ... Read full article

As many readers of this blog will know, the Endowment for Education from the National Conference of Bankruptcy Judges has supported many research projects that have contributed to a better understanding of all sorts of issues involving debt and ... Read full article

Felix Salmon stays with the Argentina pari passu saga, about which I wrote here . The holdout creditors have now filed their briefs (Felix has the links), and are doubling down on the text. ... Read full article

As student loan debt passed the $1 trillion mark , President Obama, speaking at Chapel Hill yesterday, called the upcoming interest rate hike on student loans a tax.  He didn’t tell the half of it.  Congress’ dirty secret is that the government makes a ... Read full article

On May 18-19, the Center for Consumer Law at the University of Houston Law Center will hold its sixth bi-annual Teaching Consumer Law Conference. This year’s theme is “Teaching Consumer Law in an Evolving Economy.” I have always enjoyed this conference as ... Read full article