News Topic: CreditSlips

Jeff Horwitz at the American Banker has been doing some great reporting on abusive debt collection practices in the credit card industry. Joe Nocera's column took up the subject today. Robo-signing and other abuses have been a problem for a while ... Read full article

My last post mentioned a column by Joe Nocera on debt collection practices. Nocera's column is entitled "Why People Hate the Banks," and it appears on the penultimate page of the national print edition of today's New York Times . ... Read full article

One of my students came across a humorous blog post from February, 2012. Titled, “ What your payment method reveals about you ,” the author listed a series of unlikely payment actions and a line on the presumed personal characteristics of the payer. The ... Read full article

Credit Slips welcomes Bill Maurer as a guest blogger this week. Bill is NOT a lawyer! Isn't that great? (We all need an occasional break from lawyers, even those of us who are lawyers.) ... Read full article

I'm generally skeptical about corporate charitable donations.  My sense is that they are primarily a transfer of value from shareholders to managers, rather than a value-enhancing investment in goodwill.  So on the DC Metro, what did I see today, but ... Read full article

Jialin Wing has a blog post up summarizing her and her co-authors very interesting NBER paper estimating that at least 30,000 to 60,000 liquidity constrained households this will be priced out of bankruptcy because of the increased costs that came with ... Read full article

In the early part of this year, a new start-up called ZestCash launched. ... Read full article

The Fed has just released their data from the 2007-2009 panel Survey of Consumer Finances.   The SCF, conducted every three years, includes hundreds of variables on the assets, liabilities, income, and financial product shopping and utilization of ... Read full article

This is supposed to be a blog about credit and bankruptcy, but I can't help myself in making a short comment about one aspect of the oral argument and discussion from yesterday's challenge to the individual mandate. Credit Slips purists should ... Read full article

Our local AG's office just held a meeting for people who serve homeowners in foreclosure, to explain what the settlement means to consumers. ... Read full article

Moral hazard, moral hazard, moral hazard....  How often have we heard that as a reason for why principal reductions can't be done.  As if it were the worst thing in the world.   ... Read full article

There's been mounting pressure on the acting head of the FHFA, Ed DeMarco to order Fannie Mae and Freddie Mac to undertake principal reductions. ... Read full article

On Sunday, March 25, from 5-7pm Eastern/2-4pm Pacific, I am live-blogging about Broke: How Debt Bankrupts the Middle Class at FireDogLake 's Book Salon . My host is Edwin Walker, a retired bankruptcy practitioner with over twenty five years of ... Read full article

Bethany McLean has a must-read article on Reuters about the role of the SEC's 2004 change in broker-dealer leverage requirements in the financial crisis.  The article thoroughly debunks the argument that "the SEC did it" by loosening ... Read full article

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On January 1, 2011, Larry files a UCC-1 financing statement against David indicating David's equipment as collateral. At this point, David doesn't even know Larry, has not given him a security interest, and has not authorized this ... Read full article

Why doesn't Goldman have its employees sign non-disclosure agreements? ... Read full article

For those without enough reading after the legal document dump on Monday in the national mortgage settlement (see http://www.creditslips.org/creditslips/2012/03/national-mortgage-settlement-details-posted-on-the-web.html ), there's more. Also ... Read full article