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Author Archives: Jeff Sovern
by Jeff Sovern The University of Montana Law School (where my colleague and co-author of the St. John's Arbitration Study, Paul Kirgis, is heading to take up the deanship) has just announced a $10 million gift by alum Alexander "Zander" Blewett and his wife, Andy, part of which will fund a chair in consumer law […]
Lauren E. Willis of Loyola Los Angeles has written what looks like another important article, The Consumer Financial Protection Bureau and the Quest for Consumer Comprehension. Here is the abstract: To ensure that consumers “understand [financial products’] costs, benefits, and risks,” the CFPB has been redesigning mandated disclosures, primarily through iterative lab testing. But no […]
by Jeff Sovern Senator Shelby, chair of the Senate Banking Committee, Housing and Urban Affairs Committee, has released a discussion draft of “The Financial Regulatory Improvement Act of 2015.” The draft provides in Section 117, that the CFPB's new mortgage disclosures (sometimes called the "TRID Rule"), promulgated way back in November of 2013 and scheduled […]
Dennis D. Hirsch of Capital has written That's Unfair! Or Is It? Big Data, Discrimination and the FTC's Unfairness Authority, 103 Kentucky Law Journal (2015). Here is the abstract: Big data and data analytics (“big data”) can produce many social and economic benefits. But they can also generate privacy injuries and harmful discrimination. The governance of […]
Scott blogged earlier today about the pending vote to delay protections. Here's Ed Mierzwinski's HuffPo post, House Launches Attack on Servicemember Lending Protections, and Chris Morran of Consumerist weighs in with Congress May Delay Predatory Lending Protection For Military Personnel. Update: the Times' Brent Staples adds "The offending legislation, now before the House Armed Services Committee, deserves to […]
by Jeff Sovern I don't know anyone who likes getting a shot. One of my daughters, as a small girl, would hide under chairs at the pediatrician's office to avoid them, which by the way, was not an effective strategy. But most of us are willing to get stuck with needles if the payoff is large […]
The headline reads Battle Over CFPB Funding Erupts Anew in House and the story is here.