We have covered extensively the large mortgage fraud settlements brokered by the federal government under which major mortgage servicers were, among other things, supposed to pay money directly to consumers harmed in the mortgage meltdown. Go, for instance, here, here, here, and here. Now, Danielle Douglas, reports that it's taking a long time for the […]
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That's the topic of "Compelled Disclosures," a new article by law professor Caroline Corbin. Here is the abtract: Courts have faced a wave of compelled disclosure cases recently. By government mandate, tobacco manufacturers must include graphic warnings on their cigarette packages, doctors must show and describe ultrasound images of fetuses to women seeking to abort […]
In In Re HP Inkjet Printers, the Ninth Circuit yesterday reversed the district court’s orders granting final approval to a class-action settlement between Hewlett-Packard Company and a nationwide class of consumers who purchased certain HP inkjet printers, and awarding attorneys’ fees. Here is the summary issued by the court: The panel held that the attorneys’ […]
The U.S. District Court for the Northern District of California this week reinstated a $203 million judgment against Wells Fargo for slapping hefty overdraft fees on consumers by manipulating the order in which their charges posted to their accounts in order to maximize the number of transactions that would be subject to overdraft penalties. The […]
The Consumer Financial Protection Bureau has launched a Spanish-language website. (To read its English-language homepage go here.)
As the Blog of the Legal Times reported, the FTC sent letters to almost 100 companies letting them know about revisions to the regulations implementing the Childen's Online Privacy Protection Act (COPPA), a statute that regulates the collection of information from minors under 13 online. The new rules include an expansion of the types of […]
In the Huffington Post, with Joseph Sanderson.
As this LA Times story explains, In a lawsuit that echoes the worst abuses of the foreclosure crisis, [California's] top law enforcement official is suing the nation's largest bank, accusing it of using aggressive and illegal tactics to collect credit card debt from thousands of California consumers. Atty. Gen. Kamala D. Harris on Thursday accused […]
[Ed. note: Last week, we featured a guest post on ticket industry abuses, which mentioned a group called "Fan Freedom" and StubHub's support for the group. We now post this response from Ted Mermin.] by Ted Mermin [guest post] Thank you for the guest post on Ticketmaster's anti-competitive practices. Anyone who has tried to get a […]
As this CNN piece explains Credit agencies that rate Wall Street's big banks were blamed for playing a pivotal role in the financial meltdown, but those agencies are still being paid for their work by the very banks they rate. That was one of the root causes of the financial crisis of 2008, according to a […]