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Credit Slips


The Path to Economic Growth: Bankruptcy

For years, lenders and the IMF have told developing countries that if they really want economic growth they need to adopt strong creditor-protection laws. Without that, no one will lend--or so they...

Started in Credit Slips • 1 week ago • 0 responses
Tags: corporate bankruptcy
Why the OCC Can't Be Relied on for Consumer Protection

The OCC is up to its old tricks. It doesn't matter how bad things are out there for consumers--one can always count on the OCC to stand up against any attempt to regulate the consumer lending...

Started in Credit Slips • 1 week ago • 0 responses
Tags: credit & debit cards, credit policy & regulation, financial institutions
Not Quite Free and Clear

Beginning with Baird and Rasmussen's End of Bankruptcy, and including papers by Westbrook, LoPucki, and yours truly, much recent corporate bankruptcy scholarship has focused on the frequent exercise...

Started in Credit Slips • 2 weeks ago • 0 responses
Tags: bankruptcy generally, corporate bankruptcy
Clear Channeling Lubben

Seton Hall law professor and Credit Slips guest blogger Stephen Lubben wrote and asked me if we were going to say anything about the opinion of the Ninth Circuit Bankruptcy Appellate Panel in Clear...

Started in Credit Slips • 2 weeks ago • 0 responses
Tags: blog stuff
Debt-Free: An Unrealistic Expectation

A Vice-President at Dickinson College complained about the move by wealthier schools to eliminate student loans as part of the aid package, arguing that such a move creates the "unrealistic...

Started in Credit Slips • 2 weeks ago • 0 responses
Tags: student loans
Unconstitutional Usury in Arkansas

Did everyone see this news story from Arkansas? It looks like usury is alive and well and coming after payday lenders.

Started in Credit Slips • 3 weeks ago • 0 responses
Tags: payday lending
Super-Priority for Canadian Workers

After years of kerfuffle that at times made BAPCPA's debates seem easy, the Canadians finally passed their revisions to the Bankruptcy and Insolvency Act (and, for junkies, the CCAA) this summer....

Started in Credit Slips • 3 weeks ago • 0 responses
Tags: comparative & int'l perspectives, corporate bankruptcy
Be Careful What You Wish For

At legislative hearings on credit card legislation, bank industry representatives have emphasized that they are voluntarily improving practices (but see here for whether to take those promises...

Started in Credit Slips • 3 weeks ago • 0 responses
Tags: credit & debit cards
56,000 People – and One Guest Blogger – Can’t be Wrong

When the Federal Reserve asked for comments on its proposal to prohibit credit-card issuers from engaging in “certain unfair or deceptive acts,” it had no idea what it was getting into. The draft...

Started in Credit Slips • 4 weeks ago • 0 responses
Tags: credit & debit cards
Bankruptcy Filings Jump in July, Highest Since 2005 Law

Bankruptcy filings jumped in July to their highest level since the 2005 changes to the U.S. bankruptcy law. According to the latest figures from Automated Access to Court Electronic Records (AACER),...

Started in Credit Slips • 4 weeks ago • 0 responses
Tags: bankruptcy data