Here. Excerpt: [A doctor’s] claim was just one of roughly 60,000 that [medical director Dr.] Dopke denied in a single month last year, according to internal Cigna records reviewed by ProPublica and The Capitol Forum. The rejection of van Terheyden’s claim was typical for Cigna, one of the country’s largest insurers. The company has built […]
Author Archives: Jeff Sovern
David A. Hoffman of Penn has written Defeating the Empire of Forms, forthcoming in the Virginia Law Review. Here’s the abstract: For generations, contract scholars have waged a faint-hearted campaign against form contracts. It’s widely believed that adhesive forms are unread and chock full of terms that courts will not, or should not, enforce. Most think […]
Amiyatosh Purnanandam, and Alexander Wirth, both of the University of Michigan, Stephen M. Ross School of Business, have written Can Credit Rating Affect Credit Risk? Causal Evidence from an Online Lending Marketplace. Here’s the abstract: Credit rating is determined by a borrower’s credit risk, but can the rating in itself change a borrower’s credit risk in […]
The panel, to be conducted by the Bureaus of Consumer Protection and Competition, will be on Tuesday, March 28, 2023 from 1:00 pm to 2:00 pm (EDT). Panelists include Alpa Davis, Health Care Division (BC), Eric Elmore, Mergers 2 Division (BC), Quinn Martin, Financial Practices Division (BCP), Rosario Mendez, Consumer & Business Education Division (BCP), Terry Thomas, Mergers 3 Division (BC), and Ricardo Woolery, Office of […]
James P. Nehf of Indiana has written Fintech, Payday Loans and the Changing Landscape of Cash-Advance Consumer Credit in the United States, 10 Int’l J. Cons. L. & Practice 1 (2022). Here’s the abstract: High-cost, cash-advance or “payday” loans have plagued low-in- come consumers in the United States for several decades. With little regulation at […]
Michael Blasie of Seattle has written Regulating Plain Language, forthcoming in the Wisconsin Law Review. Here is the abstract: What one scholar coined a “quiet revolution” in consumer contracts has been a half century in the making. And the revolution extends well beyond consumer contracts. Legislatures and regulators passed over seven hundred plain language laws […]
It’s headlined The Dirty Little Secret of Credit Card Rewards Programs, by Chenzi Xu and Jeffrey Reppucci. After referring to a study that found that when rewards go up, so do the fees merchants pay for credit card processing, the op-ed explains: The vast majority of merchants pass these costs on to consumers by charging more for their products […]
Alexandros Antoniou of the University of Essex has written Swear-Vertising: When Does the Advertising Watchdog Bark? 27 Communications Law – Journal of Computer, Media and Telecommunications Law 111 (2022). Here’s the abstract: The article examines the extent to which advertisers can expressly use, or use by implication, swear words in their advertising. It reviews the […]
The New Republic, asked conservative Congressman Blaine Luetkemeyer, who often espouses the positions asserted by the banking industry during hearings of the House Financial Services Committee, if he reads the fine print on his contracts. The answer: ““I don’t read the fine print on any of that stuff,” he said. “I’m a busy guy.” Among […]
Earlier today the Supreme Court announced that it would take the case in which the Fifth Circuit had held the CFPB’s funding mechanism was unconstitutional, Consumer Financial Protection Bureau v. Community Financial Services Association of America, Limited. The Bureau had asked the Court to hear the case during the current term but the Court instead decided to […]