Omri Ben-Shahar and Lior Strahilevitz, both of Chicago, have written Interpreting Contracts via Surveys and Experiments. Here's the abstract: Interpreting the language of contracts is the most common and least satisfactory task courts perform in contract disputes. This article proposes to take much of this task out of the hands of lawyers and judges, entrusting […]
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Read about it in this article by Jim Puzzanghera and Michael Memoli. An excerpt: At a White House meeting with top corporate chief executives, including Jamie Dimon of J.P. Morgan& Co., Trump said Friday that major reductions in financial regulations were coming. *** After the CEO meeting, Trump signed an executive order directing the Treasury secretary to consult with regulators […]
In In re Target Corp Customer Data Security Breach Litigation, No. 15-3909 (Feb. 1, 2017), the Eighth Circuit reversed a district court's approval of a class-action settlement because of its unreasoned class certification, which the court of appeals said "was the product of summary conclusion rather than rigor." More importantly to my mind, the Eighth Circuit […]
Last week, 17 state attorneys general, two congresspeople, and several consumer-advocacy organizations moved to intervene in PHH v. CFPB, pending in the DC Circuit. The motions each sought to intervene to support (and if the agency stopped defending the case to pursue) the CFPB's petition for rehearing of the court's decision last fall, in which […]
The Wall Street Journal contemplates whether the CFPB is subject to the slew of recent executive orders: A memo issued Jan. 20—Inauguration Day—ordered “executive departments and agencies” to temporarily suspend filing new regulations and delay the implementation of pending rules to give President Donald Trump’s appointees the chance to study them. …. Another executive order […]
Among the flood of Executive Orders over the past 8 days, and the uproar of the refugee ban, one important EO has not gotten much attention. Yesterday, Mr. Trump signed an order requiring agencies to repeal 2 regulations for every 1 they issue. The EO is flawed in many ways, and will be good for […]
The Consumer Financial Protection Bureau yesterday took action "against a ring of law firms and attorneys who collaborated to charge illegal fees to consumers seeking debt relief. In a complaint filed in federal court, the CFPB alleges that Howard Law, P.C., the Williamson Law Firm, LLC, and Williamson & Howard, LLP, as well as attorneys […]
Here. Excerpt: "OneWest Bank did not 'robo-sign' documents," Mnuchin wrote in response to questions from individual senators, "and as the only bank to successfully complete the Independent Foreclosure Review required by federal banking regulators to investigate allegations of 'robo-signing,' I am proud of our institution's extremely low error rate." But a Dispatch analysis of nearly […]
by Paul Alan Levy i-Geniuses is a Houston company that repairs Apple products; it especially touts its ability to repair computers suffering from liquid damage on a fast turnaround schedule. A number of former customers have expressed concerns about the success of the repairs, about longer-than-advertised repair times, and especially about their believe that the […]
by Paul Alan Levy Shiva Ayyadurai is a computer scientist who insists that it was he who, as a child prodigy, invented email. Although his claim has been widely derided by many of the major figures who were party to the technological advances that created the Internet as well as systems of direct communication such as […]