Not so much, according to this story in the Boston Herald. Excerpt: [Apparently [buyers are] not [using the disclosures] so much. Bill Emerson, chief executive of Quicken Loans, the country’s second highest volume mortgage lender, says his firm is seeing no surge in shopping by applicants using the Loan Estimate. “I don’t think consumers are changing […]
Author Archives: Jeff Sovern
by Jeff Sovern Bear with me for a moment. As is well-known, Richard H. Thaler and Cass R. Sunstein,in their important book Nudge, describe how classical microeconomics assumes that all people are rational. They call such rational people "Homo Economicus" or, for short, "Econs." But, as they also describe, and as Thaler elaborates on in his […]
Omri Ben-Shahar and Adam S. Chilton both of Chicago have written Simplification of Privacy Disclosures: An Experimental Test. Here's the abstract: Simplification of disclosures is widely regarded as an important goal and is increasingly mandated by regulations in a variety of areas of the law. In privacy law, simplification of disclosures is near universally supported. […]
Christopher R. Drahozal of Kansas has written Confidentiality in Consumer and Employment Arbitration, 7 Yearbook on Arbitration & Mediation ___ (forthcoming 2015). Here is the abstract: This article examines an apparent misperception among some commentators about the confidentiality of consumer and employment arbitration in the U.S. Arbitration is a private process—i.e., the public cannot attend […]
The late Jean Braucher of Arizona and Angela K. Littwin of Texas have written Examination as a Method of Consumer Protection, 87 Temple Law Review, 807 (2015). Here is the abstract: Lack of compliance with consumer protection law has been a crucial problem in the field for as long as such law has existed. The Consumer […]
Here. An excerpt: [The Chamber] slammed the U.S. Securities and Exchange Commission for sometimes pursuing violators of securities law in the comfort of its in-house courts rather than try the cases in the public courts. There are "substantial differences" in the processes used in the two forums, the Chamber's Center for Capital Markets Competitiveness wrote […]
Quoting from the announcement: The Department of Mercantile Law at the University of Pretoria, South Africa will host an international consumer law conference that will focus on relevant developments internationally and nationally in the field of consumer law. The conference theme is "Towards Aligning Consumer Protection in a Global Consumer Market". The following aspects of […]
Ibrahim Altaweel of Good Research, Nathan Good, also of Good Research, and Chris Jay Hoofnagle of Berkeley have posted their updated Web Privacy Census, Technology Science 2015121502, Online. Here is the abstract: Most people may believe that online activities are tracked more pervasively now than they were in the past. In 2011, we started surveying […]
Jeffrey Davis of Florida has written Regulating for the First Time the Decision to Grant Consumer Credit: A Look at the First Steps Taken by the United States and Australia. Here is the abstract: In this Article, I discuss the changes in three consumer-credit realms. First, I compare the Australian regime applicable to all forms […]
From Pearls Before Swine. (HT: ContractsProf Blog)