We celebrated Dodd-Frank's 5-year anniversary on July 21 2015, by aggregating some news coverage of the event. You may also want to read a negative account of the law contained in law professor Todd Zywicki's congressional testimony, entitled The Dodd-Frank Act Five Years Later: Are We More Stable? Here is the abstract: This congressional testimony […]
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…reports Bloomberg Business. A recent decision by the Second Circuit (on which the court this month rejected a motion to reconsider) restricts the so-called marketplace lenders from bypassing state usury laws by partnering with banks in states where there are no such rules. The ruling effectively would stop a practice whereby the lenders can make […]
As Reason.com reports, in a recent case in federal court in northern California, Officials sought the right to track suspects' Cell Site Location Information, or CSLI, for 60 days without gaining a warrant. Such location information lets law enforcement track the whereabouts of our cell phones in relation to cell towers. . . . The […]
…is the title of a Post op-ed questioning whether federal student loan assistance is most wisely allocated toward grad schools. The piece questions, in particular, low-rate loans for law students: Nowhere has Grad PLUS [the government's loan assistance program for graduate students] had a greater impact than in the nation’s law schools. Law-student indebtedness grew […]
A 135-page class-action-complaint filed yesterday in federal court in Los Angeles alleges that the major car manufacturers are liable because their keyless ignition systems create a carbon monoxide hazard. This story by Jonathan Stempel explains: Ten of the world's biggest automakers were sued on Wednesday by U.S. consumers who claim they concealed the risks of carbon […]
The city is D.C., according to the Washington Post. The reason? The high cost of childcare. According to the article, childcare "can be as expensive as housing in some parts of the country." Here's the story, which breaks down cost of living for singles and families and also contains a neat interactive graphic.
As we've discussed previously, almost exactly a year ago Public Citizen sued on behalf of Wisconsin consumer Cindy Cox after employees of an online retailer called Accessory Outlet threatened her with fines and derogatory credit reporting for saying that she would dispute a charge with her credit card company when her order had not arrived. […]
Want to know which drugs, medical devices, foods, cosmetics, dietary supplements, etc. may be contaminated, defective, or mislabeled? The Food and Drug Administration regularly issues safety alerts through its MedWatch system. For instance, go here, for the agency's July 2015 safety alerts. The MedWatch home page is here. You can report a problem here, and […]
The Washington Post yesterday published an eye-opening expose concerning the practice of buying monetary settlements for lead poisoning from the victims for a fraction of what they are worth — as little as 9 cents on the dollar. As the Post documents, the victims are often cash-strapped, have little education and sometimes mental disabilities, and […]
The FTC sued Wyndham Worldwide (the company that operates Wyndham Hotels) for unfair and deceptive trade practices under the FTCA after Wyndham sustained data breaches in 2008 and 2009 leading to more than $10.5 million in fraudulent charges to consumers. The FTC charged that Wyndham's security was deficient and its policies misled consumers. Yesterday, in […]