Here, on Ballard Spahr’s Consumer Finance Monitor podcast.
Author Archives: Jeff Sovern
Rajashri Chakrabarti of the Federal Reserve Bank of New York, Daniel Garcia of the Columbia Business School, Donald P. Morgan, also of the NY Fed, and Lee Seltzer of the NY Fed have written Less for You, More for Me: Credit Reallocation and Rationing Under Usury Limits. Here’s the abstract: Many states have capped consumer […]
Here, at Ballard Spahr’s Consumer Financial Law Monitor podcast. The authors are Pamela Foohey of Georgia, Robert M. Lawless of Illinois College of Law and Deborah Thorne, Professor of Sociology at the University of Idaho, and the book is about who seeks bankruptcy and what drives them to do so. Warning: you will order the […]
Angela Littwin of Texas, Adrienne Adams of Michigan State University, and Angie Kennedy, also of Michigan State have written Ineffective Relief for Coerced Debt: The Failure of Divorce and Debtor-Creditor Law to Address Debt Created by Domestic Violence. Here’s the abstract: Coerced debt occurs when the abusive partner in a relationship characterized by domestic violence (DV) […]
Go to Ballard Spahr’s Consumer Finance Monitor podcast.
President Trump is no friend of consumer arbitration. As longtime readers of the blog know, during his first term, Trump signed the Congressional Review Act resolution blocking the CFPB’s arbitration rule from going into effect. So it is intriguing to see Trump sue JPMorgan Chase over the bank’s debanking him when his contract with the […]
Myriam E. Gilles, now of Northwestern, has written Arbitration In Name Only. Here’s the abstract: Modern arbitration clauses hide a dirty secret: many aren’t arbitration at all. They masquerade as mutual commitments to fair and efficient private dispute resolution but, in truth, are mere imitations of genuine arbitration provisions. Some reserve for the drafter the power […]
Here (behind paywall but you get one article for free, and it should also turn up on Lexis soon). Excerpt: We are angry because government officials have shot an American without justification. We are angry because Americans of color have been profiled. * * * We are angry because creating fear seems itself to be […]
Here in a Maryland Daily Record editorial (behind a paywall but available on Lexis). Here’s an excerpt (disclosure: I am on the editorial board): Some consumers, enticed by BNPL, become overcommitted and can’t meet their financial obligations. You might think BNPL providers would suffer when consumers are in that situation, but the BNPL companies have […]