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Author Archives: Brian Wolfman
That's the title of this article by Sherzod Abdukadirov. Here is the abstract: As it becomes clear that the Nutrition Facts panel (NFP) and other information disclosure policies have failed to improve consumers’ dietary choices, many health advocates have declared information-based policies ineffective and instead advocate measures that would manipulate consumers’ choices. In contrast, this […]
Law prof Adam Levitin has written this article in The American Banker called The CFPB's Data Collection Is to Be Applauded. At his blog, Credit Slips, Levitin explains that "the CFPB's data collection … has become the latest inside-the-Beltway attack on the CFPB."
Law professor Diana Sax has written Dietary Supplements Are Not All Safe and Not All Food: How the Low Cost of Dietary Supplements Preys on the Consumer. Here is the abstract: Dietary supplements are regulated as food, even though the safety and efficacy of some supplements are unknown. These products are often promoted as ‘natural’. […]
The Durbin Amendment to the Dodd-Frank Act, as implemented by a Federal Reserve Board regulation, limits debit card interchange fees in many debit-card transactions. Interchange fees are per-transaction fees imposed by debit-card issuing banks on merchants each time a consumer uses a debit card. The regulation went into effect in October 2011. The idea of the […]
Consumer reporter Michele Singletary has penned this article entitled In New York, good riddance to a questionable hiring practice. Singletary explains that "[f]ederal law allows employment credit checks under the Fair Credit Reporting Act. It requires employers to get an applicant’s or employee’s permission before pulling his or her history. But really, if you want […]
The Dodd-Frank Wall Street Reform and Consumer Protection Act mandates that the CFPB conduct a study on the use of pre-dispute arbitration clauses in consumer financial markets. The Dodd-Frank Act specifically prohibits the use of arbitration clauses in mortgage contracts. And it gives the Bureau the power to issue regulations on the use of arbitration […]
Read this article by Susan Dynarski. Here's an excerpt: Politicians who complain about college costs frequently cite two numbers: one trillion and seven million. Student borrowers owe more than $1 trillion, and seven million borrowers are in default, according to the latest Department of Education data. * * * In many people’s minds, the so-called […]
Jonathan Cohn reports that smoking in the U.S. has hit an historic low. He explains: New survey data, which the U.S. Centers for Disease Control and Prevention released Tuesday morning, suggests that just 15.2 percent of American adults are now using cigarettes on a regular basis. That smoking rate is nearly 2 percentage points lower […]
We celebrated Dodd-Frank's 5-year anniversary on July 21 2015, by aggregating some news coverage of the event. You may also want to read a negative account of the law contained in law professor Todd Zywicki's congressional testimony, entitled The Dodd-Frank Act Five Years Later: Are We More Stable? Here is the abstract: This congressional testimony […]