Danielle Kie Hart of Southwestern has written Form & Substance in Nancy Kim's Wrap Contracts, 44 Southwestern University Law Review (2014 Forthcoming). Here's the abstract: Nancy Kim’s book, Wrap Contracts, is ambitious and well worth reading. Kim coins the term “wrap contracts” to expose, explain and demystify the world of mostly online contracting. By revealing […]
Author Archives: Jeff Sovern
by Jeff Sovern Last week, Brian posted a link to a NY Times story about the use of devices that auto lenders can activate to prevent a car from starting when a consumer has defaulted on a payment. In response, BHPH Report (BHPH evidently stands for "Buy Here, Pay Here") ran a piece titled PassTime Refutes […]
You can watch the trailer here.
The Times has the story under the headline Tougher Shield for Soldiers Against Predatory Lenders. The proposed regulation closes loopholes like these described in the Times story: The law set a 36 percent interest rate cap on a range of high-cost loan products. But the protections applied to a narrow sliver of loans, covering only […]
Raymond H. Brescia and Nicholas M. Martin, both of Albany have written The Price of Crisis: Eminent Domain, Local Governments, and the Value of Underwater Mortgages, forthcoming in 24 Temple Political & Civil Rights Law Review (2014). Here's the abstract: Governments at all levels in the U.S. have deployed a range of tactics to […]
Michael Lewis at Bloomberg View reports on a This American Life story on 46 hours of tapes secretly recorded by a Fed employee embedded at Goldman Sachs. An excerpt from Lewis's story: * * * In meetings, Fed employees would defer to the Goldman people; if one of the Goldman people said something revealing or […]
by Jeff Sovern Here. The symposium, on Ben-Shahar's and Schneider's More Than You Wanted to Know: The Failure of Mandated Disclosure, has been running since last week and features contributions by names that will be familiar to regular readers of consumer law literature, including Lauren Willis of Loyola-LA, David Vladeck of Georgetown, Florencia Marotta-Wurgler of NYU, Nancy Kim of Cal Western, […]
Lauren E. Willis of Loyola Los Angeles has written Performance-Based Consumer Law. Here is the abstract: When firm and consumer interests are not well-aligned, the resulting transactions are often lousy, whether one uses consumer autonomy or consumer welfare as the metric. With modern experimental and data analysis techniques, firms can run circles around the law’s […]
by Jeff Sovern I am partial to Lee Child's Jack Reacher novels. I buy the audio books and listen to them while driving, doing mindless chores, etc. In the latest, Personal, Reacher and a companion are discussing the activities of a British gang of criminals, and the sentence quoted above appears. Interesting to see that the […]