The FTC's press release is here.
Category Archives: Uncategorized
News reports in the last day reveal that Facebook has obtained a patent on a method for "authenticating an individual for access to information or service based on that individual's social network." What exactly does that mean? Among other things, the patent says, the invention could be used by lenders as follows: "When an individual […]
HT: Kate Spellman
The Bureau's release explained yesterday that it is: filing [] a lawsuit in federal district court against the NDG Enterprise, a complex web of commonly controlled companies, for collecting money consumers did not owe. The CFPB alleges that the defendants illegally collected loan amounts and fees that were void or that consumers had no obligations […]
This non-profit organization, which brings together consumer organizations (such as Consumer Federation of America and National Consumers League), governments and insurance organizations, aims to educate the public and expose fraud. Now it's launched a podcast, with the first three episodes covering home contractors, tow-trucks, and medical ID theft. You can check it out here.
Asserting that other courts of appeals have misread one of its precedents, the Eleventh Circuit has insisted that its law differs from that of other circuits on the question whether the pendency of a failed class action tolls the statute of limitations for a class member who attempts to file another class action. In yesterday's […]
Last week, a government report documented the underperformance of the federal Home Affordable Modification Program, which began in 2009 amidst great hope that it would be a big help for underwater homeowners. It hasn't worked out that way. According to the report, the program — run, it should be noted, by the big banks, such as […]
…is the concerning headline of a story last month from the website The Street. The story opens with the tale of one employee and her loan: Payday loans come in small amounts, but the $300 loan cost her $355. Based on the payday loan calculator at the Missouri Division of Finance Website, the fees equaled […]
This past Friday, the U.S. Court of Appeals for the Ninth Circuit held that class claims against Netflix for alleged violations of the Video Privacy Protection Act and a similar California statute had to be dismissed because neither statute applies when a disclosure of information about a consumer's video-viewing history is the result of the consumer's decision […]