The Consumer Financial Protection Bureau report finds that one-in-five borrowers who take out a single-payment auto title loan have their car or truck seized by their lender for failing to repay their debt. According to the report, more than four-in-five of these loans are renewed the day they are due because borrowers cannot afford to […]
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By Steve Gardner Spoiler alert: The resident is ExxonMobil, which is fighting a subpoena (probably a Civil Investigative Demand) by the AG of the Virgin Islands seeking to find out about Exxon's role in climate change. The VI AG is working with an excellent plaintiff firm, Cohen Milstein, to represent the VI. The State of Texas (joined by […]
The Supreme Court today issued its much-anticipated ruling in Spokeo v. Robins. The opinion vacates and remands the Ninth Circuit's holding that the plaintiff had standing to pursue his claims under the Fair Credit Reporting Act, but leaves open the possibility that the court of appeals may reach the same result on remand. The majority, consisting […]
The Consumer Financial Protection Bureau filed suit this week against All American Check Cashing, Inc., which offers check cashing and payday loans, and its owner, for allegedly tricking and trapping consumers. The complaint alleges that All American tried to keep consumers from learning how much they would be charged to cash a check and used […]
The Second Circuit Court of Appeals held yesterday that a class-action lawsuit against the Department of Education by former students of a now-defunct for-profit beauty school can proceed. The students sued the Department for aggressive collection tactics against students who likely had the right to discharge their loans. Courthouse News offers this summary: Former […]
The NAACP Legal Defense and Education Fund has released this report on the judicial work of Judge Merrick Garland, some of which relates to the interests of consumers.
We have been asked to announce this to students: The Consumer Protection and Legislation Committees of the Section of Antitrust Law are looking for volunteers to monitor state antitrust and consumer protection legislative developments and when appropriate, draft short legislative updates to post on Connect. The volunteer involvement will consist of monitoring antitrust and consumer […]
Payday lenders will lose access to Google’s biggest online ads network in mid-July. From that point on, search results pages will stop displaying paid marketing from payday lenders. ThinkProgress has the story.
In Nebraska, ProPublica reports, debt collectors frequently sue over medical debts as small as $60 and a simple missed doctor’s bill can quickly land you in court. Filing suit is one of the most aggressive ways to collect debt, but no one tracks how frequently it happens or to whom. An examination of Nebraska’s courts, […]
Troubling new statistics — as reported in the Washington Post.