Here's the press release (I'm afraid the formatting wasn't carried forward): Consumer Advocates Sue CFPB For Granting Financial Services Industry Illegal Influence Over Consumer Protection Policy Director Kraninger Unlawfully Formed the “Federal Consumer Financial Law Taskforce,” Stacked Group with Industry Representatives Secretive Taskforce Likely To Recommend Sweeping Rollback of Consumer Protections as Nation Grapples with […]
Author Archives: Jeff Sovern
by Jeff Sovern Here. Excerpt: As colleges and universities attempt to persuade students that taking classes on campus is not risky, they are lobbying legislators to pass laws insulating schools from liability if people on campus become infected with COVID-19 due to the school’s own negligence. They shouldn’t be able to have it both ways. * * * […]
We're received the following call for abstracts: The Berkeley Center for Consumer Law and Economic Justice and conference co-organizers Kathleen Engel, Ted Mermin, Rory Van Loo, and Lauren Willis are pleased to announce the third annual Consumer Law Scholars Conference (CLSC), which will be held the afternoon and evening of March 4 and all day March 5, 2021, at Boston […]
by Jeff Sovern As we previously noted, the CFPB's Conservative/Industry Taskforce created to make "recommendations for ways to improve and strengthen consumer financial laws and regulations" issued a request for information. Comments are due Monday, June 1. As far as I know, the deadline for commenting has not been extended, despite the fact that we […]
Pamela Foohey of Indiana Maurer, Dalié Jiménez of Irvine, and Christopher K. Odinet of Iowa have written The Debt Collection Pandemic, California Law Review Online (2020 Forthcoming). Here is the abstract: As of May 2020, the United States' reaction to the unique and alarming threat of COVID-19 has partially succeeded in slowing the virus’s spread. […]
Here, by Shahar Ziv, taking a deep dive into Norm Silber's and my proposal. Excerpt: Sadly, the coronavirus pandemic isn’t the first catastrophe to fuel consumer credit challenges. In a paper, Thriving on Adversity: Disclosing Corporate Mistreatment of Consumers Caught in Hurricanes Katrina and Rita and Exploring the Consumer Movement's Response to Crisis and Catastrophe, which was […]
by Jeff Sovern Regular blog readers know that from time to time, we report on the number of law schools offering consumer law courses course. Well, sadly, a new entrant on the law school front, Yada Yada Law School, is not offering consumer law. What's the deal with that?
by Jeff Sovern The video and prepared testimony is here. If you have time to read only one, I recommend David Vladeck's excellent statement. Though Senate Majority Leader Mitch McConnell has described this terrible proposal as a "red line" for future coronavirus bills, it appears he does not have the full support of his caucus. […]
Guest Post from Edward Balleisen: Readers of this blog may be interested in a new website, American Predatory Lending (APL), which explores the state-level dynamics of mortgage lending in the run-up to 2008, with an initial focus on North Carolina. Law professors who teach about consumer law and/or banking law will find a range of resources that […]