News Topic: CreditSlips

What, exactly, is so gosh-darn newsworthy and exciting about the fact that distressed debt investors exist, and want to buy claims in MF Global?  ... Read full article

So maybe there is a settlement after all. Details have been posted on the National Mortgage Settlement web page today. http://www.nationalmortgagesettlement.com/ I won't try to summarize all this here immediately, but stay tuned for analysis of the ... Read full article

People with young girls may already have heard about this. Girl Scouts has rolled out a few new badges just in time for its 100 year anniversary. The badges have not been changed since 1987. Good bye fashion and makeup, hello Science in Style which covers ... Read full article

At long last, Greece is starting to resemble a normal restructuring--you know, the kind where the debtor just might not pay if it does not get the relief it is asking for. Everyone else has done it this way, including the proverbial opposites, mean ... Read full article

Bankruptcy filings ros ... Read full article

A couple weekends ago, I attended ... Read full article

Carter Dougherty of Bloomberg reports this morning that  the Consumer Financial Protection Bureau is entering into an  information-sharing agreement with state attorneys general, that will help states enforce consumer protection laws. ... Read full article

Leaving one third of the historically significant insolvency case complete-ish (I count London and SIPA as the other bits). Download The Notice ... Read full article

In 2005, Congress amended bankruptcy law to require individual debtors with primarily consumer debts to complete an "instructional course on personal financial management" to be eligible to receive a discharge of their debts . ... Read full article

The national mortgage settlement among federal and state regulators and major banks, announced with much fanfare on February 8, still has not produced an actual written settlement agreement, judging by the dead link on the settlement web page .  That ... Read full article

Lost in the attention to the state-federal mortgage servicing settlement is the other major servicing fraud settlement:  the $8.5B deal between BONY as trustee for various MBS trusts and Countrywide (Bank of America) over putback claims for securitization ... Read full article

A few weeks ago, Katie Porter noted the release of the new book, Broke: How Debt Bankrupts the Middle Class . We are trying to feature posts from the authors of Broke about their contributions. Today's post comes from Professor Angela Littwiin of the ... Read full article

Citibank is running commercials featuring the ability to deposit checks remotely via mobile device , a process known as remote deposit capture . Citi isn't the first retail bank to roll out RDC--USAA, for example, has been doing it for a while, but ... Read full article

Last October, I wrote a post entitled "Robosigning 2.0" that discussed some job ads for outsourced OCC foreclosure reviews.  I predicted based on the job ad qualifications that the foreclosure reviews would be nothing other than a whitewash. ... Read full article

Credit Slips has been fortunate to have my Georgetown colleague Philomila Tsoukala as a guest blogger the past couple weeks. The mainstream US media press coverage of the Greek financial crisis has focused on the dynamic between the Greek government and ... Read full article

Wall Street Journal Reporter Jessica Silver-Greenberg casts a spotlight on the market for fertility treatment loans - including loans that enable the purchase of other women's eggs  - in the article "In Vitro a Fertile Niche for Lenders."  ... Read full article

My latest column for Dealbook looks at the competing narratives regarding Dodd-Frank's OLA in the banking and bankruptcy communities. ... Read full article

It's the time of year when professors, including those who are adjunct professors or are interested in teaching as adjuncts, submit their proposed courses for the next academic year. Many of us teach a general 3 or 4 unit bankruptcy course that uses ... Read full article