The conference is titled ""What is Urban Law Today? A Symposium on the Field’s Past, Present, and Future in Honor of the Urban Law Journal’s 40th Anniversary. It will be be held on February 28, 2013 at Fordham’s Lincoln Center Campus. The consumer law panel, on consumer protection by local governments, is scheduled for 2:10pm-3:00pm. Speakers […]
Author Archives: Jeff Sovern
So much is being written about Republican opposition to confirmation of the CFPB's director, Richard Cordray, that it's hard to keep up with it all. But a couple of recent pieces pull a lot together and are worth a look. One is Nobel Laureate and Times columnist Paul Krugman's op-ed yesterday, Friends of Fraud, about […]
Not that I want to generate sales of the book, but here is an ad for a guide for debt buyers that contains the statement above (HT: Gina Calabrese).
Kent H.Barnett of Georgia has written To the Victor Goes the Toil–Remedies for Regulated Parties in Separation-of-Powers Litigation, in which he mentions the Big Spring case over the validity of the president's recess appointments, including to the Consumer Financial Protection Bureau. Here's the abstract: The U.S. Constitution imposes three key limits on the design of […]
Here. The lead: "Many of the nation's largest financial institutions lowered their spending on lobbying the federal government in 2012, according to data compiled by the Center for Responsive Politics." Still, as the slideshow makes clears, many of the largest financial institutions individually spent millions on lobbying last year. I wonder if all the consumer […]
Todd J. Zywicki of George Mason has written The Economics and Regulation of Network Branded Prepaid Cards. Here is the abstract: General-purpose reloadable prepaid cards have been one of the fastest-growing sectors of the consumer payments marketplace in recent years. Their importance has accelerated as a consequence of new regulations enacted in the wake of […]
by Jeff Sovern Here. I have seen reports that Cordray might seek the Ohio governorship, even that he might leave the CFPB directorship before his recess appointment expires at the end of this year to that end, but perhaps this indicates that he will stay at the Bureau. I wonder if this is a pro […]
Tom Baker of Penn and Peter Siegelman of Connecticut have written Protecting Consumers from Add-On Insurance Products: New Lessons for Insurance Regulation from Behavioral Economics. Here's the abstract: Persistently high profits on “insurance” for small value losses sold as an add-on to other products or services (such as extended warranties sold with consumer electronics, loss […]
Jenna Rosie Tighe of Appalachian State has written Responding to the Foreclosure Crisis in Appalachia: A Policy Review and Survey of Housing Counselors, 23 Housing Policy Debate No. 1 (2013). Here's the abstract: Existing research on the foreclosure crisis tends to focus on national trends or on metropolitan areas. Few studies focus on rural areas, […]
Edward A. Morse of Creighton and Vasant Raval of Creighton Business have written Private Ordering in Light of the Law: Acheiving Consumer Protection through Payment Card Security Measures, 10 DePaul Business & Commercial Law Journal 213 (2012). Here's the abstract: A private ordering regime has developed within the payment card industry to define appropriate security […]