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That's the name of this lengthy piece by Paul Kiel of ProPublica. It focuses on an effort in Missouri to cap the rates on payday loans. Here's a short excerpt: Outrage over payday loans, which trap millions of Americans in debt and are the best-known type of high-cost loans, has led to dozens of state […]
by Brian Wolfman Last week, I posted on Greenberg v. Proctor & Gamble, where the 6th circuit threw out a class-action settlement on the ground that (1) it provided virtually nothing of value to the class members while the named representatives got significant "incentive" payments ($1,000 times the number of their diaper-using kids), and the […]
by Brian Wolfman Today, in Greenberg v. Proctor & Gamble, by a 2-1 vote, the 6th circuit threw out a class-action settlement on the ground that (1) it provided virtually nothing of value to the class members while the named representatives got significant "incentive" payments ($1,000 times the number of their diaper-using kids), and the […]
I posted earlier on Law School Transparency's new program in which it will provide a "certification" to law schools that meet the ABA's standards and other "best practices" for disclosure of their graduates' employment data. For criticism of the program, see these posts from Brian Leiter, using the term "shakedown," and Stephen Diamond, describing the […]
Jeff Gelles has the story here. Maybe it's just as well that Sovereign Bank is changing its name to Santander; I wouldn't want to be confused with them.
It's not a secret that the market for law school graduates is not nearly as strong as it used to be. Nine months after graduation, the majority of the graduates of a startling number of law schools does not have full-time employment that requires a J.D. degree. In this market, concerns have been raised about […]
by Brian Wolfman Some parts of the Affordable Care Act are already in place, such as the requirement that uninsured kids up to age 26 be offered insurance on their parents' health insurane policies. But key provisions of the Affordable Care Act, including the so-called individual mandate, don't go into effect until January 2014. The […]
As many of our readers know, there's controversy over whether third parties (that is, non-lawyers and non-clients) should fund large, complex litigation. Two new articles address the question, in part asking whether outside funding benefits plaintiffs, particularly in class and other representative litigation. First, there's "Litigation Finance: What Do Judges Need to Know?" by law […]
by Brian Wolfman Yesterday, we told you about federal judge Richard Leon's ruling invalidating the Federal Reserve's rule on debit card swipe fees. As explained in this article by Katerina Sokou, if Judge Leon's decision holds, swipe fees likely will drop substantially, which should benefit consumers in the form of lower retail prices. Lower swipe fees […]