Credit Slips
Covers "all things about credit and bankruptcy." The blog features discussions and debates about "what does happen and what should happen when consumers and businesses borrow money."
Author: Five law professors contribute to this blawg: Bob Lawless of the University of Illinois; Angie Littwin and Elizabeth Warren of Harvard Law School; Katie Porter of the University of Iowa; and John Pottow of the University of Michigan.
Blawg Related Categories: Bankruptcy Law • Consumer Law • Law Professors • Harvard University • University of Illinois • University of Iowa • University of Michigan • Law Professor • Business Law
Recent Posts from Credit Slips
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Debtors Anonymous?
I wanted to pass along an interesting story I saw a few weeks ago in the WSJ about support groups for debtors. They had such names as the "Sunday Morning Club" and "Girls Just Wanna…
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Interchange and the Price of Gas
With all the attention being paid to the soaring cost of gasoline, there's one price component that could easily be lowered that hasn't gotten a lot of attention: interchange. Americans pay about 10 cents/gallon or…
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Interchange Week on the Slips
Let's call this interchange week. With efforts to bring the Credit Card Fair Fee Act to vote in Congress picking up steam, I'm going to do a few postings on different aspects of the interchange…
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Credit Check
Late yesterday I recorded an interview with Terry Gross on Fresh Air. She is one of my favorite interviewers (smart, and what a voice!). She had called me to ask about credit reporting agencies. What…
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Will BoA Claim Preemption?
Today (July 1) is supposed to be the closing date for the Bank of America/Countrywide merger. In recent weeks, the states of Illinois, New York, and Florida have sued Countrywide for various wrongs committed to…
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Debt Stress and Other Credit Card Gems
On June 9, the Associated Press and AOL released a poll describing an increase in self-reported stress by Americans struggling with debt. According to a Debt Stress Index that compiled the poll results, 43% of…
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Fewer Frisbees on Tennessee Campuses This Fall
Every fall as the Credit Slips bloggers prepare to begin teaching, we are treated to the sight of tables, tents, and marketing literature aimed at marketing credit cards to college students. This year, those familiar…
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When Kids Lose Their Homes
The ABLJ just published a new paper, Parents in Financial Crisis: Fighting to Save the Family Home. The paper uses data from the 2001 Consumer Bankruptcy Project to examine the differences in how hard people…
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Citibank Says Credit Market Doesn't Work
Citibank announced yesterday that it might take back its highly-publicized promise to abandon universal default. The promise drew praise when it was announced, and it also helped Citibank and other lenders fight off any new…
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Private Mortgage Insurers Feel the Mortgage Hit
The continuing mortgage crisis is now making itself felt in the private mortgage industry. Fannie Mae and Freddie Mac recently announced they would cease purchasing mortgages insured by Triad Guaranty, the smallest of the seven…