Adam J. Levitin

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All Scholarship 2000 - Present

Forthcoming Works and Works in Progress

• Adam Levitin & William W. Bratton, A Transactional Genealogy of Scandal: From Michael Milken to Enron to Goldman Sachs, 86 S. Cal. L. Rev. (forthcoming).    [SSRN]
• Adam Levitin, The Consumer Financial Protection Bureau: An Introduction, (working paper).    [SSRN]
• Adam Levitin & Susan M. Wachter, The Public Option in Housing Finance, 46 U.C. Davis L. Rev. (forthcoming).    [SSRN] [WWW]
• Adam Levitin, An Analysis of the Proposed Interchange Fee Litigation Settlement, (working paper).    [SSRN]
• Adam Levitin & Joshua Goodman, Bankruptcy Law and the Cost of Credit: The Impact of Cramdown on Mortgage Interest Rates, (working paper).    [SSRN]
• Adam Levitin & Susan M. Wachter, The Commercial Real Estate Bubble, 2 Harv. Bus. L.Rev. (forthcoming 2012).    [SSRN]
• Adam Levitin & Susan M. Wachter, Why Housing?, 23 Hous. Pol'y Debate (forthcoming).    [SSRN]
• Adam Levitin, Skin-in-the-Game: Risk Retention Lessons from Credit Card Securitization, 80 Geo. Wash. L. Rev. (forthcoming).    [SSRN]
• Adam Levitin, Public-Private Competition in Payments: The Role of the Federal Reserve, (working paper).    [SSRN]
• Adam Levitin & Joshua Goodman, The Effects of Bankruptcy Strip-Down on Mortgage Interest Rates: Summary of Initial Findings, (working paper).    [Gtown Law]
• Adam Levitin, A Critique of the American Bankers Association's Study on Credit Card Regulation, (working paper).    [SSRN] [Gtown Law]
• Adam Levitin, Rough Justice? The Nature and Limits of Equitable Subordination, (working paper).    [SSRN]

Contributions to Law Reviews and Other Scholarly Journals

• Adam Levitin, Response: The Tenuous Case for Derivatives Clearinghouses, 101 Geo. L.J. 445-466 (2013).    [L] [W] [SSRN] [WWW]
• Adam Levitin, Bankrupt Politics and the Politics of Bankruptcy, 97 Cornell L. Rev. 1399-1459 (2012).    [HEIN] [L] [W] [SSRN] [WWW]
• Adam Levitin & Susan M. Wachter, Explaining the Housing Bubble, 100 Geo. L.J. 1177-1258 (2012).    [HEIN] [L] [W] [SSRN] [WWW]
• Adam Levitin, Andrey D. Pavlov & Susan M. Wachter, The Dodd-Frank Act and Housing Finance: Can It Restore Private Risk Capital to the Securitization Market?, 29 Yale J. on Reg. 155-180 (2012).    [HEIN] [L] [W] [SSRN]
• Adam Levitin & Susan M. Wachter, What's Next for Housing Finance, Wharton Real Est. Rev., Spring 2012.    [WWW]
• Adam Levitin, In Defense of Bailouts, 99 Geo. L.J. 435-514 (2011).    [HEIN] [L] [W] [SSRN]
• Adam Levitin & Tara Twomey, Mortgage Servicing, 28 Yale J. on Reg. 1-90 (2011).    [HEIN] [L] [W] [SSRN] [Gtown Law]
• Adam Levitin, Rate-Jacking: Risk-Based and Opportunistic Pricing in Credit Cards, 2011 Utah L. Rev. 339-367 (2011).    [HEIN] [L] [W] [SSRN] [WWW]
• Adam Levitin, Private Disordering?: Payment Card Fraud Liability Rules, 5 Brook. J. Corp. Fin. & Com. L. 1-48 (2010).    [HEIN] [L] [W] [SSRN] [Gtown Law]
• Adam Levitin, Back to the Future with Chapter 13: A Response to Professor Scarberry, 37 Pepp. L. Rev. 1261-1276 (2010).    [L] [W]
• Adam Levitin, Bankruptcy Markets: Making Sense of Claims Trading, 4 Brooklyn J. Corp. Fin. & Com. L. 64-109 (2010).    [L] [W] [SSRN] [Gtown Law]
• Adam Levitin, Helping Homeowners: Modification of Mortgages in Bankruptcy, 3 Harv. L. & Pol'y Rev. (Online) (2009).    [SSRN] [WWW]
• Adam Levitin, Susan M. Wachter & Andrey D. Pavlov, Bad and Good Securitization, Wharton Real Est. Rev., Fall 2009, at 23-34.   
• Adam Levitin, The Crisis Without a Face: Emerging Narratives of the Financial Crisis, 63 U. Miami L. Rev. 999-1010 (2009).    [HEIN] [L] [W] [SSRN]
• Adam Levitin, Hydraulic Regulation: Regulating Credit Markets Upstream, 26 Yale J. on Reg. 143-227 (2009).    [HEIN] [L] [W] [SSRN]
• Adam Levitin, Remote Deposit Capture: A Legal and Transactional Overview, 126 Banking L.J. 115-122 (2009).    [W] [SSRN]
• Adam Levitin, Resolving the Foreclosure Crisis: Modification of Mortgages in Bankruptcy, 2009 Wis. L. Rev. 565-655.    [HEIN] [L] [W] [SSRN] [Gtown Law]
• Adam Levitin & Anna Gelpern, Rewriting Frankenstein Contracts: Workout Prohibitions in Residential Mortgage-Backed Securities, 82 S. Cal. L. Rev. 1075-1152 (2009).    [HEIN] [L] [W] [SSRN]
• Adam Levitin, Priceless? The Economic Costs of Credit Card Merchant Restraints, 55 UCLA L. Rev. 1321-1405 (2008).    [HEIN] [L] [W] [SSRN]
• Adam Levitin, Priceless? The Social Costs of Credit Card Merchant Restraints, 45 Harv. J. on Legis. 1-58 (2008).    [HEIN] [L] [W] [SSRN] [Gtown Law]
• Adam Levitin, Finding Nemo: Rediscovering the Virtues of Negotiability in the Wake of Enron, 2007 Colum. Bus. L. Rev. 83-177.    [HEIN] [L] [W] [SSRN]
• Adam Levitin, The Problematic Case for Incentive Compensation in Bankruptcy, 156 U. Pa. L. Rev. (PENNumbra) 88-101 (2007).    [L] [W] [WWW]
• Adam Levitin, Payment Wars: The Merchant-Bank Struggle for Control of Payment Systems, 12 Stan. J.L. Bus. & Fin. 425-485 (2007).    [HEIN] [L] [W] [SSRN]
• Adam Levitin, Second Circuit Holds Compliance with Bankruptcy Code Priority Scheme is an Important Factor in Approving a Settlement, 124 Banking L.J. 824-832 (2007).    [W]
• Adam Levitin, The Merchant-Bank Struggle for Control of Payment Systems, 17 J. Fin. Transformation 73-84 (2006).    [SSRN] [WWW]
• Adam Levitin, Toward a Federal Common Law of Bankruptcy: Judicial Lawmaking in a Statutory Regime, 80 Am. Bankr. L.J. 1-87 (2006).    [HEIN] [L] [W] [SSRN]
• Adam Levitin, The Antitrust Super Bowl: America's Payment Systems, No-Surcharge Rules, and the Hidden Costs of Credit, 3 Berkeley Bus. L.J. 265-336 (2005).    [HEIN] [L] [W] [SSRN]

Book Chapters and Collected Works

• Adam Levitin, Fiscal Federalism and the Limits of Bankruptcy, in When States Go Broke: The Origins, Context, and Solutions for the American States in Fiscal Crisis 214-228 (Peter Conti-Brown & David A. Skeel, Jr. eds., New York: Cambridge University Press 2012).    [BOOK]
• Adam Levitin & Susan M. Wachter, Regulation or Nationalization? Lessons Learned from the 2008 Financial Crisis, in Regulatory Breakdown? The Crisis of Confidence in U.S. Regulation 68-85 (Cary Coglianese ed., Phila., Pa.: University of Pennsylvania Press 2012).    [BOOK]
• Adam Levitin & Susan M. Wachter, Information Failure and the U.S. Mortgage Crisis, in The American Mortgage System: Crisis and Reform 243-270 (Susan M. Wachter & Marvin M. Smith eds., Phila., Pa.: University of Pennsylvania Press 2011).    [SSRN] [BOOK]
• Adam Levitin, Modification of Mortgages in Bankruptcy, in Lessons from the Financial Crisis: Causes, Consequences, & Our Economic Future 601-607 (Robert W. Kolb ed., Hoboken, N.J.: John Wiley & Sons 2010).    [BOOK]

Congressional Testimony

• Investor Protection: The Need to Protect Investors from the Government: Hearing Before the Subcomm. on Capital Mkts. & Gov't Sponsored Enters. of the H. Comm. on Fin. Servs., 112th Cong., June 7, 2012 (Statement of Adam Levitin) (CIS-No.: Pending).    [WWW]
• Rising Regulatory Compliance Costs and Their Impact on the Health of Small Financial Institutions: Hearing Before the Subcomm. on Fin. Insts. & Consumer Credit of the H. Comm. on Fin. Servs., 112th Cong., May 9, 2012 (Statement of Adam Levitin) (CIS-No.: Pending).    [WWW]
• The Dodd-Frank Act's Effects on Financial Services Competition: Hearing Before the Subcomm. on Intellectual Prop., Competition & the Internet of the H. Comm. on the Judiciary, 112th Cong., July 10, 2012 (Statement of Adam Levitin) (CIS-No.: Pending).    [WWW]
• Enhanced Consumer Financial Protection After the Financial Crisis: Hearing Before the S. Comm. on Banking, Hous. & Urban Affairs, 112th Cong., July 19, 2011 (Statement of Adam Levitin) (CIS-No.: 2012-S241-20).    [WWW]
• H.R. 1697: The Communities First Act: Hearing Before the Subcomm. on Fin. Insts. & Consumer Credit and Subcomm. on Capital Mkts. & Gov't Sponsored Enters. of the H. Comm. on Fin. Servs., 112th Cong., Nov. 16, 2011 (Statement of Adam Levitin) (CIS-No.: Pending).    [WWW]
• Housing Finance Reform: Should There Be a Government Guarantee?: Hearing Before the S. Comm. on Banking, Hous. & Urban Affairs, 112th Cong., Sept. 13, 2011 (Statement of Adam Levitin) (CIS No.: 2012-S241-30).    [WWW]
• Legislative Proposals to Improve the Structure of the Consumer Financial Protection Bureau: Hearing Before the Subcomm. on Fin. Insts. & Consumer Credit of the H. Comm. on Fin. Servs., 112th Cong., Apr. 6, 2011 (Statement of Adam Levitin) (CIS-No.: 2011-H371-88).    [WWW]
• Open for Business: The Impact of the CFPB on Small Business: Hearing Before the Subcomm. on Investigations, Oversight & Regulations of the H. Comm. on Small Bus., 112th Cong., July 28, 2011 (Statement of Adam Levitin) (CIS-No.: 2012-H721-7).    [WWW]
• Who’s Watching the Watchmen? Oversight of the Consumer Financial Protection Bureau: Hearing Before the Subcomm. on TARP, Fin. Servs. & Bailouts of Pub. & Private Programs of the H. Comm. on Oversight & Gov't Reform, 112th Cong., May 24, 2011 (Statement of Adam Levitin) (CIS-No.: 2012-H601-39).    [WWW]
• Problems in Mortgage Servicing from Modification to Foreclosure: Hearing Before the S. Comm. on Banking, Hous. & Urban Affairs, 111th Cong., Nov. 16, 2010 (Statement of Adam Levitin) (CIS No.: 2011-S241-46).    [Gtown Law] [WWW]
• Robo-Signing, Chain of Title, Loss Mitigation, and Other Issues in Mortgage Servicing: Hearing Before the Subcomm. on Hous. & Cmty. Opportunity of the H. Comm. on Fin. Servs., 111th Cong., Nov. 18, 2010 (Statement of Adam Levitin) (CIS No.: 2011-H371-66).    [Gtown Law] [WWW]
• Worsening Foreclosure Crisis: Is It Time to Reconsider Bankruptcy Reform?: Hearing Before the Subcomm. on Admin. Oversight & the Courts of the S. Comm. on the Judiciary, 111th Cong., July 23, 2009 (Statement of Adam Levitin) (CIS-No.: 2010-S521-38).    [Gtown Law]
• Abusive Credit Card Practices and Bankruptcy: Hearing Before the Subcomm. on Admin. Oversight & the Cts. of the S. Comm. on the Judiciary, 111th Cong., Mar. 24, 2009 (Statement of Adam Levitin) (CIS-No.: 2010-S521-36).    [Gtown Law] [WWW]
• Consumer Debt: Are Credit Cards Bankrupting Americans?: Hearing Before the Subcomm. on Com. & Admin. Law of the H. Comm. on the Judiciary, 111th Cong., Apr. 2, 2009 (Statement of Adam Levitin) (CIS-No.: 2009-H521-96).    [Gtown Law] [WWW]
• Helping Families Save Their Homes in Bankruptcy Act of 2009, and the Emergency Homeownership and Equity Protection Act: Hearing Before the H. Comm. on the Judiciary, 111th Cong., Jan. 22, 2009 (Statement of Adam Levitin) (CIS-No.: 2009-H521-97).    [Gtown Law] [WWW]
• Home Foreclosures: Will Voluntary Mortgage Modification Help Families Save Their Homes? (Part II): Hearing Before the Subcomm. on Commercial & Admin. Law of the H. Comm. on the Judiciary, 111th Cong., Dec. 11, 2009 (Statement of Adam Levitin) (CIS-No.: 2010-H521-57).    [WWW]
• Modernizing Consumer Protection in the Financial Regulatory System: Strengthening Credit Card Protections: Hearing Before the S. Comm. on Banking, Hous. & Urban Affairs, 111th Cong., Feb. 12, 2009 (Statement of Adam Levitin) (CIS-No.: 2009-S241-30).    [Gtown Law] [WWW]
• Helping Families Save Their Homes: The Role of Bankruptcy Law: Hearing Before the S. Comm. on the Judiciary, 110th Cong., Nov. 19, 2008 (Statement of Adam Levitin) (CIS-No.: 2009-S521-60).    [Gtown Law]
• The Credit Cardholders' Bill of Rights: Providing New Protections for Consumers: Hearing Before the Subcomm. on Fin. Inst. & Consumer Credit of the H. Comm. on Fin. Servs., 110th Cong., Mar. 13, 2008 (Statement of Adam Levitin) (CIS-No.: 2008-H371-46).    [Gtown Law]

Selected Contributions to Other Publications

• Adam Levitin, David A. Skeel, Jr. & Stephen J. Lubben, Is Government "Abusing" Lenders?, Am. Bankr. Inst. J., July 2012, at 10, 72-73.    [L] [W]
• Adam Levitin, Cross-Routing: PIN and Signature Debit Interchangeability Under the Durbin Amendment, Lydian J., Dec. 2010, at 16-24.    [WWW]
• Adam Levitin, Interchange Regulation: Implications for Credit Unions, (Filene Res. Inst., Research Brief No. 224, 2010).    [WWW]
• Adam Levitin, Overdraft Regulation: A Silver Lining to the Clouds?, (Filene Res. Inst., Research Brief No. 211, 2010).    [WWW]
• Adam Levitin, The Credit C.A.R.D. Act: Opportunities and Challenges for Credit Unions, (Filene Res. Inst., Research Brief No. 202, 2009).    [WWW]
• Adam Levitin, The Consumer Financial Protection Agency, Am. Bankr. Inst. J., Oct. 2009, at 10, 66-68.    [L] [W]
• Adam Levitin, The Limits of Enron: Counterparty Risk in Bankruptcy Claims Trading, 15 J. Bankr. L . & Prac. 389-429 (2006).    [W] [SSRN]