Read about it in this article by Kevin McCoy. An excerpt: Filed in 14 states and the District of Columbia, the federal lawsuits target either Equifax or the company's Equifax Information Services subsidiary. The legal complaints cite a range of legal claims, including alleged security negligence by Equifax, the delay in alerting the public and concerns about the free credit monitoring […]
Author Archives: Brian Wolfman
Read this article by Pete Schroeder. An excerpt: Thirty-six U.S. senators on Tuesday called on federal authorities to probe the sale of nearly $2 million in shares of credit bureau Equifax Inc by company executives after a massive data breach this summer, and one compared their actions to insider trading. The lawmakers signed a letter […]
Consumer Financial Protection Bureau head Richard Cordray was the subject of a story that aired yesterday on CBS's "Sunday Morning" news program. To view it, click here or on the embedded video below. The story depicts Cordray as indefatigable — and "the best friend the consumer has ever had" — in the face of constant harassment […]
That's the topic of this article by David Goldman. The article is accompanied by a video that I found useful.
That's the issue addressed in The Price of Ignorance: The Constitutional Cost of Fees for Access to Electronic Public Court Records by Stephen Schultze. Here's the abstract: The United States federal judiciary maintains a system called PACER, “Public Access to Court Electronic Records.” PACER is the public gateway into the electronic repository for documents filed in federal […]
We've posted several times (for instance, here and here) about the Obama Administration's rule significantly raising the pay threshold that triggers exceptions to the general rule that workers must be paid 1.5 times their ordinary pay for every hour they work over 40 per week. Put simply, the Obama Administration rule meant overtime pay for far more workers. […]
Reporter Sarah Kliff is reporting at Vox that The Trump administration plans to deeply cut Obamacare outreach and advertising, officials announced Thursday. They will reduce Obamacare advertising spending 90 percent, from the $100 million that the Obama administration spent last year to $10 million this year, and cut the budget for the in-person enrollment program by 41 […]
Will he stay or will he go? (Okay, it's poor analogy, but I like the song.) This article by C. Ryan Barber (possibly behind a paywall) explains that Rep. Jeb Hensarling keeps asking Consumer Financial Protection Bureau head Richard Cordray whether he's going to serve out his term or resign to run for Ohio governor: U.S. Rep. […]
Georgetown law prof Adam Levitin has penned this article in American Banker (and a similar piece for Credit Slips). (The American Banker version may be behind a paywall.) State usury laws generally are preempted by the National Bank Act when a loan is held by a national bank. But, as Levitin notes, "[o]nce the note leaves the hands […]
That is a big question — maybe the question — about aggregated litigation. (We would also want to know, among other things, whether aggregated litigation adequately compensates injured people.) Law prof Brian Fitzpatrick attempts to answer that question in his new article aptly titled Do Class Actions Deter Wrongdoing? Here is the abstract: I and other scholars have […]