Author Archives: Jeff Sovern

CFPB Spring Regulatory Agenda is up and arbitration isn’t on it

by Jeff Sovern As the American Banker's Kate Berry reported (behind a paywall but available on Lexis), the CFPB's Spring Regulatory Agenda has been posted to the OMB's web site, rather than, as has been the Bureau's practice, the CFPB web site. Here it is: Prerule stage – Consumer Access to Financial Records, 3170-AA78 Proposed […]

Osofsky & Thomas paper on the relationship between implicit bias and the home mortgage interest deduction

Leigh Osofsky and Kathleen DeLaney Thomas, both of North Carolina, have written Implicit Legislative Bias: The Case of the Mortgage Interest Deduction, 56 UC Davis Law Review (2022). Here is the abstract: The home mortgage interest deduction is over 100 years old. The deduction has been subject to increasing and, at times, withering criticism from […]

NACA Webinar: How to become a federal judge for consumer attorneys

Becoming a Federal Judge: What Consumer and Civil Justice Attorneys Need to Know   June 14, 3:00 p.m.–4:00 p.m. ET   Pricing Members: no charge Nonmembers: no charge but must be approved (if you have not yet been approved to attend NACA webinars, you must email training@consumeradvocates.org to be vetted to attend) The Biden administration has demonstrated a […]

Paper on algorithmic price discrimination and consumer protection

Mateusz Grochowski of the Max Planck Institute for Comparative and International Private Law; Yale Law School; Polish Academy of Sciences – Institute of Legal Studies; Agnieszka Jabłonowska of the University of Lodz – Faculty of Law and Administration; European University Institute – Department of Law (LAW); Francesca Lagioia of the European University Institute – Department […]

Former employee of short-term lender explains how it snared consumers in debt traps

New Mexico recently enacted a 36% rate cap on consumer loans. Among the remarks that motivated them to do so was the following: Thank you Madam Chair, Members of the Committee. My name is Will Hancock and I’m a student at the University of New Mexico School of Law. I had the displeasure of working […]