The LA Times reports: The city of Los Angeles accused banking giants Wells Fargo & Co. and Citigroup Inc. of a “continuous pattern and practice” of mortgage discrimination that led to a wave of foreclosures, reduced property tax revenue and increased costs for city services. In twin lawsuits filed in U.S. District Court, the city […]
Author Archives: Allison Zieve
The US Court of Appeals for the Seventh Circuit yesterday held that the federal Telephone Consumer Protection Act (TCPA) does not preempt Indiana’s state robocall ban. The TCPA regulates various telemarketing behavior and regulates the use of autodialers. The federal regulations allow robocalls for non-commercial purposes, but the Indiana law bans all robocalls made without […]
Big news with implications for many aspects of the law. The changes eliminate filibusters on most nominees, but preserve the filibuster for Supreme Court picks and legislation. Politico has the story.
The CFPB yesterday announced an enforcement action against payday lender Cash America International Inc. According to the CFPB's press release, Cash America will pay up to $14 million in refunds to consumers for robo-signing court documents in debt collection lawsuits, and will pay a $5 million fine for the robo-sgning and for destroying records in […]
Linda Greenhouse had this interesting piece in the New York Times yesterday, about Chief Justice Roberts's "invitation" to cases challenging cy pres awards, as she describes the Chief Justice's statement (at p. 24 of the pdf) last week concerning the denial of the petiton for certiorari in Marek v. Lane–the cert petition about the cy […]
In June 2011, the Supreme Court decertified a class action brought by women claiming that Wal-Mart underpaid and underpromoted its female employees throughout the chain. The Court's decision in the case, called Wal-Mart v. Dukes, was predicted to have significant effect on plaintiffs' ability to litigate Title VII discrimination cases on a classwide basis. Two […]
The Consumer Financial Protection Bureau has subpoenaed documents from eBay relating to its "Bill Me Later" financing service, which allows financing of purchases from many online stores, apparently over concerns that the finance charges imposed by "Bill Me Later" are excessive. The Wall Street Journal has details about the CFPB investigation.
In a recent analysis of complaints submitted to the Consumer Financial Protection Bureau about financial services, the consulting firm Deloitte found that mortgage-related issues are the basis for most of the 94,000 complaints posted so far and that customer misunderstanding is often the problem. The Washington Post has a short write-up of the findings and […]
Pharmalot has an interesting story this afternoon about the effect of including warnings in advertisements for products like drugs and cigarettes. The study found that, shortly after the ads run, consumers who see an ad with warnings are less likely to buy the product than consumers who see an ad without warnings. But with the […]
Consumers’ ability to address and seek redress for deceptive practices through private litigation is threatened by a recent decision of the Third Circuit Court of Appeals. In Carrera v. Bayer (like the FTC case discussed in the post below, a case about deceptive practices involving a dietary supplement), the court recently held that, if the […]