The Consumer Financial Protection Bureau published a report today on the "Buy Now, Pay Later" industry. The report, Buy Now, Pay Later: Market trends and consumer impacts, finds that industry grew rapidly during the pandemic, and that borrowers may receive uneven disclosures and protections. The five firms surveyed in the report originated 180 million loans […]
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Patagonia founder's is giving away his company, reportedly worth about $3 billion. The company will now be in the hands of a trust and a nonprofit organization. All future profits will be donated to help fight climate change. CNBC has the story, here.
The Consumer Financial Protection Bureau has "released an Issue Spotlight highlighting some of the difficulties and experiences heard from caregivers about being pursued over friends’ or family members’ alleged debts from nursing home facilities. Based on the findings in the report, the CFPB and the Centers for Medicare & Medicaid Services have issued a joint […]
The Federal Trade Commission is seeking public comment on how children are affected by digital advertising and marketing messages that may blur the line between ads and entertainment. The FTC is seeking the input in conjunction with an October 19, 2022 event that will examine the topic. More information is here.
Read Stiglitz's essay here.
In his essay The Search for Strategies to Reduce Medical Error, law prof Robert Rabin reviews Closing Death’s Door: Legal Innovations to End the Epidemic of Healthcare Harm, by Michael J. Saks and Stephan Landsman, which considers the policy strategies for reducing medical error. Rabin then places Saks and Landsman's work in the context of […]
Two announcements today from the CFPB: CFPB Warns that Digital Marketing Providers Must Comply with Federal Consumer Finance Protections Today, the Consumer Financial Protection Bureau (CFPB) issued an interpretive rule laying out when digital marketing providers for financial firms must comply with federal consumer financial protection law. CFPB Takes Action Against Hello Digit for Lying […]
The LA Times has the story here (might be behind a paywall). More on the scandal here.
This week, the Consumer Financial Protection Bureau published an analysis of how actions announced by the three largest national consumer reporting companies – Experian, Equifax, and TransUnion – will affect people who have allegedly unpaid medical debt on their credit reports. “Nearly half of those with medical collections appearing on their credit reports will continue […]
Job is for the Boston or D.C. Office. Here's the announcement: Director of Litigation opportunity at the National Consumer Law Center The National Consumer Law Center, the country’s preeminent advocate for low-income consumers, proudly traces its roots to the 1960s “War on Poverty” in its work as a support center for legal services offices. NCLC’s […]