The main point of this Washington Post column is to describe the looming danger facing retirees with insufficient savings, and to suggest one possible answer (a supplement to Social Security). But I found the column most interesting for its discussion of savings rates among even Americans living above the median income (spoiler alert: they're alarmingly […]
Category Archives: Uncategorized
On June 6, the FTC and the CFPB will co-host a joint roundtable event, "Life of a Debt: Data Integrity in Debt Collection," to examine the flow of consumer data throughout the debt collection process. The event, held at the FTC, will bring together consumer advocates, credit issuers, collection industry members, state and federal regulators, […]
The Blog of the Legal Times reports that The Consumer Financial Protection Bureau today filed suit against two lawyers and two debt relief companies, alleging they charged thousands of consumers illegal advance fees and left some worse off financially. One of the lawyers, Michael Levitis, also faces face mail and wire fraud charges brought by […]
That's the name of this short essay by law professor Linda Mullenix on the Supreme Court's recent class-actions decisions in the Amgen, Comcast, and Standard Fire decisions. Here is the abstract: The article surveys the Court’s liberal and conservative divide on class certification issues, giving some support to both the plaintiff and defense sides of […]
by Brian Wolfman Yesterday, the Food and Drug Administration issued this proposed order regarding tanning beds. The FDA is proposing to reclassify these ultra violet devices to require more warnings — including that minors not use them at all — because they are a cancer hazard. The proposal would also require the products to meet […]
That's the name of this article by Si Lazarus and Doug Kendall of the Constitutional Accountability Center. "Broken circuit" is Lazarus and Kendall's characterization of the U.S. Court of Appeals for the D.C. Circuit. They point to "[a] new breed of activism on the .. the D.C. Circuit — for environmental cases second in importance […]
Read this post by Paul Bland, which contains a example of how the Supreme Court's decision in AT&T v. Concepcion is keeping consumers out of court and without any remedy. Here's Paul's synopsis: In Betts v. McKenzie Check Cashing, after a two-day evidentiary hearing that was essentially a trial of the payday lender’s arbitration clause, […]
by Brian Wolfman As you may have read, the FDA is beginning to look into possible regulation of caffeine when used as an additive to foods and drinks, including foods and drinks marketed to kids. How about some caffeine with your marshmellows or nuts? Yes, indeed, these foods sometimes have caffeine thrown in. Read this interview […]
Sunday's New York Times has a nice article discussing a recent study prepared by Lee Epstein, who teaches law and political science at the University of Southern California; William M. Landes, an economist at the University of Chicago; and Judge Richard A. Posner, of the federal appeals court in Chicago, who teaches law at the University […]