Here. Excerpt: The problem is one of disclosure. Do news organizations do a sufficient job of helping people understand that one story or link is real news while another was provided by an advertiser? * * * Consumers might say: "If it's interesting content, what's the difference?" The difference is that the goal of journalism […]
Author Archives: Jeff Sovern
The Washington Post has the story here.
Here (free content). Makes for interesting reading. An excerpt: Time and again, lawmakers effectively stepped on their own lines, asking Cordray important questions and never bothering to let him respond. They allowed theatrics to trump (pun intended) substance, using their time to berate the CFPB chief instead of engaging in a productive discussion. Generally, the […]
Here. Excerpt: Greed is undermining class actions, according to Ted Frank, founder and director of the Center for Class Action Fairness in Washington. Consumer and other class settlements often pay more to trial lawyers than to their clients, Frank says, and he's devoted his professional life to fighting that trend. Frank is an objector—a lawyer […]
Chris Jay Hoofnagle of Berkeley has written Assessing the Federal Trade Commission's Privacy Assessments, 14(2) IEEE Security & Privacy 58–64 (Mar/Apr. 2016). Here is the abstract: Consumer protection regulators worldwide share basic problems: the companies that regulators police are so powerful and rich that fines do not matter. Consider the French with their €150,000 fine […]
Oren Bar-Gill of Harvard and Kevin E. Davis of NYU have written (Mis)perceptions of Law in Consumer Markets. Here's the abstract: There are good reasons to believe that consumers’ behavior is sometimes influenced by systematic misperceptions of legal norms that govern product quality. Consumers might misperceive specific rules, such as those found in food safety […]
From Politico's Morning Money, by Ben White: M.M. hosted a panel at the ABA conference on Wednesday that generated some controversy when Rep. Blaine Luetkemeyer (R-Mo.), a senior member of the House Financial Services Committee, said people needed to "find a way to neuter" Sen. Elizabeth Warren (D-Mass.), whom he called "the Darth Vader of […]
We have received the following Call for Papers: The three Consumer-Protection related committees of the ABA Antitrust Section (Consumer Protection, Privacy, and Advertising Disputes & Litigation Committees) are excited to announce a new initiative geared towards young lawyers and law students interested in the consumer protection and privacy fields – an opportunity to get published […]
House Financial Services Chair Jeb Hensarling gave a speech today to the American Bankers Association Frank Act. During the speech, he said the following about the CFPB: [T]hey’re certainly not helped when Obama’s Financial Control Law [his name for the Dodd-Frank Act that created the CFPB, among other things] has killed off a benefit many, […]