Yesterday, we told you about declaratory judgment suits by Native American tribes against New York regulators seeking the right to make otherwise usurious payday loans on the ground that the tribes' sovereign immunity allows them to operate free from state usury laws. Now comes word that another payday lender, Western Sky, owned by a Cheyenne […]
Author Archives: Brian Wolfman
As you may have read, and as described in this article by Michael Gormley, "New York's attorney general sued Donald Trump for $40 million Saturday, saying the real estate mogul helped run a phony 'Trump University' that promised to make students rich but instead steered them into expensive and mostly useless seminars, and even failed […]
That's the tagline for New York's health care marketplace established under the Affordable Care Act. New York is one of 14 states that has created a variety of health plans for uninsured people available for purchase under the Act. Subsidies mandated by the Act are available for poor and moderate-income people. For people in states […]
Beginning his remarks by saying that "[t]his is probably controversial to say, but what the heck, I'm in my second term so I can say it," President Obama said today that law school should probably be two years rather than the current three because that would save law students a lot of money. Read more […]
The Consumer Financial Protection Bureau yesterday issued this report "detailing mortgage servicing problems at banks and nonbanks. The report also found that many nonbanks lack robust systems for ensuring they are following federal laws." (quoting press release) According to the CFPB's press release, the agency found Sloppy account transfers: The rights to manage a loan […]
This article by Michael Fletcher discusses a new report showing that incomes in the U.S. haven't come close to recovering from the government-determined official end of the recession in mid-2009. Here's an excerpt and then two charts depicting income levels and unemployment over the last 12 and 1/2 years: The buying power of Americans continues […]
by Brian Wolfman We have covered the interaction between consumer protection law and efforts to stem the obesity epidemic, including NYC Mayor Michael Bloomberg's effort to ban large-sized sugary drinks (which has failed so far in the New York courts). If that topic interests you, I think you'll want to watch two videos, which are […]
At the end of the last century and the beginning of this one, one political party was anti-litigation, the other more friendly. Why? By last year's election, the issue had faded away, at least nationally. Why? These issues are taken up in "Unspoken Truths and Misaligned Interests: Political Parties and the Two Cultures of Civil […]
As the Consumerist reports, "[b]ecause there are apparently not enough studies to convince the Food and Drug Administration that controversial chemical Bisphenol-A (BPA) should not be used in just about every form of food packaging, yet another study has been published linking BPA to childhood obesity. Meanwhile, a separate study released today showed a possible […]
Read about it here. Here are excerpts: The closed-door meeting [with President Obama] included Richard Cordray, the newly-confirmed director of the Consumer Financial Protection Bureau, as well as the chairs of the board of governors of the Federal Reserve System, the Commodity Futures Trading Commission, the Federal Deposit Insurance Corporation and the U.S. Securities and […]