Yesterday, on behalf of a class of student borrowers, the National Consumer Law Center and Student Defense, with the support of the Student Borrower Protection Center, filed a class action lawsuit against the Department of Education and Secretary Betsy DeVos in federal district court in DC. The suit alleges that the Department is illegally garnishing […]
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We posted two weeks ago that the Federal Trade Commission had sent warning letters to more than 25 companies to stop making unsubstantiated claims that their products could prevent or treat COVID-19 Last Thursday, the FTC sent 21 additional letters warning marketers throughout the United States to stop making unsubstantiated claims that their products and […]
by Jeff Sovern Because of the virus, people are experiencing more losses than usual and are not able to mark their passing with the rituals that help in times of death: in-person funerals, wakes, shiva calls, and the like. Consequently, death is becoming even harder for survivors than in normal times. Members of Congress could […]
The National Consumer Law Center has published a list of recommendations for actions that states can take to reduce the economic impact of COVID-19 on consumers and their families. The document summarizes NCLC's more detailed recommendations on auto finance, credit reporting, criminal justice debt, debt collection, medical debt, mortgage relief, preventing garnishment of stimulus checks, […]
According to the Visual Capitalist, it would take an hour, three minutes, and thirty seconds to read the Microsoft TOS. The web site compares the length of various TOS for popular web sites.
The Federal Trade commission has sent warning letters to more than 25 companies to stop making unsubstantiated claims that their products could prevent or treat COVID-19. Fox Business reports here. The FTC's latest press release on the problem is here.
This week, the Treasury Department will begin to send out the $1,200 CARES Act payments that Congress approved in response to the coronavirus crisis. The money will be wired to eligible recipients who previously authorized the IRS to post their refunds through direct deposit. The American Prospect reports, though that "Congress did not exempt CARES […]
The Washington Post reports: "The U.S. Education Department is promising to process student loan forgiveness claims for nearly 170,000 borrowers within 18 months as part of a proposed settlement announced Friday in a federal lawsuit. The suit alleges that Education Secretary Betsy DeVos illegally stalled a program known as borrower defense to repayment, which promises […]
by Norman I . Silber and Jeff Sovern The American Prospect recently published a short essay we wrote suggesting that the federal government pick up the tab for part of consumers’ credit card interest rate payments while the coronavirus rages. Some very knowledgeable consumer law experts have generously taken the time to give us their […]
by Jeff Sovern Here in Medium. This is different from Norm Silber's and my proposal in The American Prospect to have the government pick up some of the interest payments. I'm not sure from the piece whether Harris is urging credit card issuers to do this voluntarily or is calling for legislation. If the latter, […]