Please enable JavaScript.

Coggle requires JavaScript to display documents.

Advanced Issues in Consumer Bankruptcy, Student Loans, Life After…

- - - - Class Reading:
        "Foreclosed: Mortgage Servicing and the Hidden Architecture of Homeownership in America" By Christopher Odinet
      - The Jingle Mail Phenomenon
        
        Class Reading:
        "Here's How Canadians Could Walk Away From Their Homes if House Prices Fall" By Scott Terrio
        
        Terrio compares a consumer proposal with no recourse legislation in the United States
      - Class Reading:
        "Feds Still Promote 'Cult of Homeownership,' as Investors Drive Prices Up" By JD Tuccille
        
        GSEs partially returning to the policies of the Clinton and Bush eras to increase homeownership
    - - The number of high-cost loans, such as payday loans, has increased significantly in Canada since 2011
  - - - Class Reading: "Finance for the People" By Paco De Leon
        
        Finance and debt self help book focused on changing negative attitudes about money and debt with budgeting strategies
      - Class Reading:
        "Against Financial Education" By Lauren E. Willis
        
        Argues that financial education is not the solution we want it to be. People do not have the time or money to familiarze themselves with increasingly complex financial products. Studies have found that education programs have had led to worse outcomes for decision-makers
      - Class Reading: "Gender Differences in Financial Knowledge of Canadians" By Marie Drolet
        
        Canadian men more likely to be more financially educated than women due to socioeconomic inequalities
      - Class Reading:
        "The Uses of Financial Literacy: Financialization, the Radical Imagination, and the Unpayable Debts of Settler Colonialism" By Max Haven
        
        Financial literacy education serves the neoliberal economic system that tends to privatize social problems
    - - Middle class people in the United States and Canada have been increasingly relient on debt to maintain a "middle class" lifestyle. Many are unable to afford an unexpected expense without using debt
      - Class Reading:
        "The New Economics of the American Family" By Elizabeth Warren
        
        Dual income households are forfeting their safety net, have limited savings and are subject to higher taxes due to higher income. Less money left over to pay mortgage and other major expenses
- - - - The complexity of the system has increased costs and reduce how much creditors are receiving at the end
- - - - For 2010 filings, 84% of all second-time bankrupts received an automatic discharge after 24 months
- - - - Details the current student loan regime in Canada and provides recommendations to reform the BIA