So says consumer law professor Creola Johnson of Ohio State in her new book, Is a Law Degree Still Worth the Price?
Author Archives: Jeff Sovern
by Jeff Sovern Those who use our casebook may recall the note about R.J. Reynolds advertising that its Winston cigarettes don't have additives. In the new edition, it's at pages 92-93. The casebook reports that Winston's sales increased by 9% as a a result of the ads, and that the FTC brought a case against Reynolds […]
Here. The article describes the opposition from the industry to the plan–which includes threats not to make mortgage loans in the future in communities that use eminent domain to seize underwater home–and also discusses what happened in 2002 when the industry made good on such threats in response to a different law: In 2002, the […]
WaPo has the article about the past and present, A watchdog grows up: The inside story of the Consumer Financial Protection Bureau, while the Times covers the future in Federal Consumer Agency Ponders Its Next Crusades. Both are worth a read. (HT: Ed Mierzwinski)
Here. An excerpt: [W]hile there has been attention to aggressive student debt collectors hired by the federal government, the [Educational Credit Management Corporation] does something else: it brings legal challenges to those few who are desperate enough to seek bankruptcy relief. * * * Founded in 1994, just after the largest agency backstopping federal student […]
We had previously posted a link to a site from which you could purchase SMU professor Mary Spector's article, Where the FCRA Meets the FDCPA: The Impact of Unfair Collection Practices on the Credit Report, 20 Georgetown Journal on Poverty Law Policy (2013). Now it's available for free on SSRN. Here is the abstract: This […]
by Jeff Sovern From time to time we blog about credit reporting issues. But it is worth noting that when it operates properly, the credit reporting system is a huge boon to lenders and consumers, because it enables lenders to determine which consumers are most likely to repay a loan, which in turn enables lenders […]
The CFPB statement is here; Times coverage here. From the Bureau's statement: Some consumers were led to believe that if they bought the Account Protector product, their minimum monthly payment would be cancelled if they experienced a qualifying life event. In reality, the benefit payment would be limited to 2.5 percent of the consumer’s outstanding […]
Jennifer L. Pomeranz of Temple's Department of Public Health has written Extending the Fantasy in the Supermarket: Where Unhealthy Food Promotions Meet Children and How the Government Can Intervene, 12 Indiana Health Law Review 117 (2012). Here's the abstract: This paper summarizes research concerning the extent of in-store marketing of foods to children and the […]