News Topic: CreditSlips

In putting together a revised syllabus for my consumer finance course this semester, I was struck with how different this nascent field is from established courses like Contracts.  No matter what Contracts casebook one uses to teach, there are a bunch of ... Read full article

Just a word of gratitude to readers for providing great responses to the prior call for corporate bankruptcy lingo . Thanks to your help, UNC Law's advanced business bankruptcy students are collaboratively examining such terms through a wiki and this ... Read full article

At the end of a lively session  yesterday at Duke Law School featuring Professor Stephen Ware of University of Kansas Law School, there was a brief discussion of whether shorter foreclosure timelines and clearer rules would promote more workouts of ... Read full article

Yesterday, the American Banker reported that Chase has stopped filing lawsuits to collect consumer debtors. Moreover, they did it quietly and quickly. ... Read full article

The Justice Department's project on access to justice has issued a report summarizing current research on state foreclosure mediation programs, calling for more funding and support.  The report offers an excellent summary of the best available ... Read full article

Previously I mentioned this new paper on homeowners in bankruptcy  in the American Bankruptcy Law Journal. The central goal of the paper was to investigate what makes homeowners more or less likely to have mortgage troubles as they head into ... Read full article

Just in time for New Year's resolutions on 1) reading more, 2) paring back your own debt, and 3) learning more about consumer bankruptcy to help you do your job (if you are a lawyer, judge, or academic, media, etc), the book, Broke: How Debt ... Read full article

A headline from last Friday's BNA's Bankruptcy Law Reporter , which reports recent cases and other legal developments, caught my eye: Poultry Farmers Can't Rely on Promissory Estoppel Theory; Proofs of Claim Denied ... Read full article

I had the privilege today of hearing Federal Reserve Board Governor Sarah Bloom Raskin deliver the keynote address to the Section on Financial Institutions at the American Association of Law Schools Annual Meeting.  Governor Bloom Raskin's topic: ... Read full article

Will Greece reach a voluntary deal with its creditors to write down its debt by 50% in the coming weeks? Will it default? ... or will its official patrons blink, pay up, and let the creditors off the hook? I hear at least two uber-expert Euro-watchers ... Read full article

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Led by my colleague Elizabeth Gibson, four members of the National Bankruptcy Conference have produced a fantastic analysis of the Stern v. Marshall  U.S. ... Read full article

The Section on Financial Institutions and Consumer Financial Services will have a record four events at this weekend's Association of American Law Schools Annual Meeting in Washington, DC. The theme is rethinking and reviving the field of financial ... Read full article

I recently did a string of blog posts of the Permanent Editorial Board for the UCC's Report on the enforcement of negotiable mortgage notes. I'm still planning a final installment there, but I came across another document that just floored me in ... Read full article

The CFPB is finally getting a Director , which enables it to exercise its full range of powers. It's good to see this Administration show some backbone. Better late than never, I guess, and Rich Cordray is a great pick. ... Read full article

This is a newly published paper  in the American Bankruptcy Law Journal  that I was lucky to work on with Daniel McCue and Eric Belsky at the ... Read full article

There's been a lot of media coverage of the recent ruling of the NY Supreme Court (that's the trial court, not the final Court of Appeals) in MBIA v. Countrywide, a suit by the monoline bond insurer against Countrywide for fraud, negligent ... Read full article

The LA Times did a three-part series this fall on what they call "Buy Here Pay Here" car dealerships. (Here is Part One , Part Two , and Part Three ). ... Read full article