Federal agencies recently published their agendas of regulatory matters on which they expect to work from May 2013 through May 2014. (The July 3 publication is actually a delayed "spring" regulatory agenda.) The agenda of the Consumer Financial Protection Bureau is available here. It lists 8 regulations that the agency expects to finalize during the […]
Author Archives: Allison Zieve
From today's FTC press release: The Federal Trade Commission told a U.S. Senate subcommittee that it continues to crack down on unlawful debt collection practices through an active program of vigorous law enforcement, education and public outreach, and research and policy initiatives. Testifying on behalf of the FTC before the Senate Committee on Banking, Housing, […]
Senators have apparently reached a deal to allow a vote — today — on the nomination of Richard Cordray to had the CFPB. Majority Leader Harry Reid had threatened to change Senate rules to end filibusters on executive branch nominees if Republican Senators did not allow votes on Cordray and other executive branch nominees. Under […]
Following up on Brian's post early this morning about a failed Senate bill that would have rolled back the student-loan interest rate that doubled earlier this month: CNN is reporting that a "bipartisan groups of senators have reached a tentative deal to help students facing the doubled interest rate."
The FTC announced yesterday that the "world’s largest debt collection operation, Expert Global Solutions and its subsidiaries, has agreed to stop harassing consumers with allegedly illegal debt collection calls and to pay a $3.2 million civil penalty – the largest ever obtained by the Federal Trade Commission against a third-party debt collector." The FTC's press […]
In a blog post last June, we noted an Alabama Supreme Court ruling that a patient who took a generic version of a drug may sue a brand-name drug manufacturer for failing to warn about a drug’s risks. The court had reasoned that the brand-name manufacturer could have foreseen that a physician prescribing the brand-name […]
Although I am not able to find the announcement or the rule on the Bureau's website, Mondaq is reporting that the Consumer Financial Protection Bureau has issued a rule to implement Dodd-Frank's ban on mandatory arbitration clauses in mortgage contracts. The rule is available here. The rule implements changes required by Section 1414 of the […]
After 42 years as head of Public Citizen Health Research Group, Dr. Sidney Wolfe is handing the reins over to his deputy director Dr. Michael Carome, effective today. Sid founded the Group in 1971, with Ralph Nader. Under Sid’s direction, Public Citizen helped to have 25 dangerous drugs removed from the market and pushed the […]
A federal judge in Kentucky approved last week a $40 million class-action settlement between Skechers USA Inc. and consumers who bought Skechers' toning shoes from August 2008 – August 2012. The Skechers' ads made unfounded claims that the shoes would help people lose weight and strengthen muscles. Consumers with approved claims will be paid up […]
Rebecca Tushnet’s 43(b) blog reports today on the recent district court decision in Mason v. Nature's Innovation, Inc. (S.D. Cal.). The plaintiff sued the manufacturer of a skin care product for injunctive relief, alleging claims under California consumer statutes and warranty claims based on misrepresentations on the product’s label and website. The court found that […]