News Topic: Financial Institutions

The revelation that 76 million JPMorgan Chase consumer accounts were compromised by hacking should be scaring the heck out of us. The Chase hacking is a r ed flag that hacking poses a real systemic risk to our banking system, and a national security risk ... Read full article

Some thoughts on how much faith we should have in the debt markets, and whether they are actually markets at all, over at Dealb%k . ... Read full article

Just ba ... Read full article

Last December the FDIC put out for comment a proposal for a Single-Point-of-Entry (SPOE) Strategy to implement its Orderly Liquidation Authority (OLA) under Title II of Dodd-Frank. Single-Point-of-Entry has gotten a lot of policy traction. The Treasury ... Read full article

Financial crisis litigation has been going on for several years now and has been resulting in lots of piecemeal settlements. As a result, it's easy to miss the big picture.  There's actually been quite a lot of settlements covering a fair amount ... Read full article

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The  Harvard Law School Forum on Corporate Governance and Financial Regulation has a feature on my new paper about the resolution of CCPs (aka clearinghouses). ... Read full article

So we are again treated to what has become an annual tradition:  the analysis of Dodd-Frank on its anniversary.  The Republicans trot out a report critical of the Act, and the Democrats defend it.  Yawn. ... Read full article

In a long story in today's edition, the New York Times is reporting  a bubble in often deceptive and abusive subprime auto lending on unaffordable terms, including very high rates of interest.  Although not quite the threat to the overall economy ... Read full article

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At today's House Judiciary Committee hearing on Operation Choke Point it seemed that  Choke Point 's critics are conflating a fairly narrow DOJ civil investigation with separate general guidance given by prudential regulators.  In particular, ... Read full article

Pop quiz:  what do payday lenders have in common with on-line gun shops, escort services, pornography websites, on-line gambling and the purveyors of drug paraphrenalia or racist materials?   ... Read full article

A quick note on a couple of events today that might be of interest to Slips readers: First, I'm participating in an ABI webinar about "chapter 14" and related topics. Second, I'll be testifying in front of the House Judiciary Committee ... Read full article

Larry Summers has a v ery interesting book review of Atif Mian and Amir Sufi's book House of Debt  in the Financial Times. What's particularly interesting about the book review is not so much what Summers has to say about Mian and Sufi, as his ... Read full article

I just read Jennifer Taub's outstanding book  Other People's Houses , which is a history of mortgage deregulation and the financial crisis.  The book makes a nice compliment to Kathleen Engel and Patricia McCoy's fantastic  The Subprime ... Read full article

Yves Smith has a fascinating post about how private equity firms (which, as she notes in the comments is largely a polite rebranding of "leveraged buyout firms") charge fees for services provided by captive affiliates to their portfolio ... Read full article

I have a multi-book  review essay  on the financial crisis that is now out in the Harvard Law Review. Sadly, Timothy Geithner went to print to late for me to include his book. James Kwak has written a nice response to my essay  here .    ... Read full article

I have an new article, The Politics of Financial Regulation and the Regulation of Financial Politics ,  forthcoming in the Harvard Law Review .  The article is a multi-book review essay that serves as a launching pad for a discussion about the role of ... Read full article