The main story is here, and sidebars on efforts to silence internet critics can be found here (quoting fellow blogger Scott Michelman) and here. An excerpt: [The consumers] agreed to pay $16,600 in principal and interest, with seven years of monthly $195 installments. In return, Sundance promised 30 weeks of "resort area condominium accommodations" in […]
Author Archives: Jeff Sovern
Quoting from the CFP: The 15th conference of the International Association of Consumer law is organized on the theme of “Virtues and Consumer Law”. We kindly invite participants from all around the world to submit an abstract of a paper they would like to present during the conference addressing one of the virtues and consumer […]
Debra Pogrund Stark of John Marshall,Jessica M. Choplin of DePaul University, Mark A. LeBoeuf of DePaul and Andrew G. Pizor of the National Consumer Law Center have written Dodd-Frank 2.0: Creating Interactive Home-Loan Disclosures to Enable Shrewd Consumer Decision-Making, forthcoming in the Loyola Consumer Law Review. Here's the abstract: Congress and the Consumer Financial Protection […]
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 […]
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 […]