Christopher Odinet has written Payday Lenders, Vehicle Title Loans, and Small-Value Financing: The CFPB's Proposal to Regulate the Fringe Economy. Here is the abstract: The market for payday lenders, businesses that provide vehicle title loans, and other small-value financing players is rife with controversy. Some see them as predatory lenders that weave a web of […]
Category Archives: Uncategorized
Thanks to alert reader Jasmine Henriques for sending us this informative graphic about identity theft, which reflects data about whom it befalls, how much it costs, and how it is most frequently carried out, among other things.
The Washington Post reports today: [I]n an effort to get a fuller understanding of side effects of certain medicines, the FDA is partnering with a networking forum called PatientsLikeMe, which allows people with the same disease or condition to connect with others and share their experiences. The site, among the largest of its kind, has more than 350,000 […]
A New York Times editorial yesterday encouraged that the Consumer Financial Protection Bureau use its enforcement powers to put an end to abusive car loans. The editorial begins: Auto loans have long been a bastion of predatory lending and racial discrimination. Until the federal Consumer Financial Protection Bureau was established, auto lending by banks was […]
The Federal Communications Commission has warned PayPal that PayPal's new terms of service might violate the Telephone Consumer Protection Act. Under the new terms, which go into effect in July, PayPal customers would be deemed to have consented to receiving robocalls and texts from PayPal on any phone number. The Hill has the story.
The NYT story is here. Note that the House actually voted on several measures; the NYT explains the difference.
A collection of coverage ahead of the likely vote: The Post on how the President is trying to fight for his legacy. Mother Jones on the stakes and potential future trade agreements. L.A. Times on Democratic intra-party struggles. (Great picture on the web of Rep. Brad Sherman, who appears to be telling the President that what […]
The Hill reports on a concrete example this week of international trade rules interfering with U.S. regulatory policy: The House passed legislation late Wednesday that would repeal country-of-origin labeling requirements for beef, pork and chicken products. Why the change? The World Trade Organization (WTO) ruled last month against the U.S. appeal to keep its existing […]
The Hill reports: Health groups are petitioning the Food and Drug Administration (FDA) to ban eight synthetic flavors in food that are known carcinogens. The petition, led by the Natural Resources Defense Council (NRDC), said the flavors, which have been used for over 40 years, are found in ice cream, candy, baked goods and beverages. […]
In the wake of reports that low-wage workers are being subject to non-compete clauses (i.e., terms in their employment agreement that limit the ability to work for other companies in the same field after leaving their current employment), Senators Franken and Murphy introduced a bill last week to protect workers' ability to switch jobs. As […]