by Jeff Sovern Evan Weinberger reports here. The bill's text is not yet available at Govtrack. I wonder if the bill would also apply to consumers who have not lost their jobs or had hours cut back because of the pandemic, and if so, what incentives it would create for them.
Category Archives: Uncategorized
Jacqueline Howard of CNN explains here that "the US Food and Drug Administration issued a final rule Tuesday that requires tobacco companies to place new graphic health warnings on cigarette packages and in advertisements. Beginning on June 18, 2021, the new cigarette health warnings will be required on cigarette packages and in advertisements, occupying the […]
After Katrina, Norm Silber wrote an article, Debts, Disasters, and Delinquencies: The Case for a Mandatory Force Majeure Provision in Consumer Credit Agreements, and for a Consumer Credit Insurance Fund, 34 New York University Review of Law and Social Change 1 (2010), which has lessons for consumer protection as we grapple with the coronavirus. Here […]
Trump tweeted yesterday that "Only [suspending the payroll tax] will make a big difference!" (my emphasis). Yet Congress appears uninterested. And Trump himself just endorsed Nancy Pelosi's bill, which doesn't touch the payroll tax. For more on why, on policy grounds, Trump didn't get his way, read Why Trump isn’t getting the payroll-tax cut he […]
Will Trump sign or veto? That topic is addressed in this article by CNN's Katie Lobosco. For other coverage, go here and here. This NYT's piece by Erica Green and Stacy Cowley does a nice job explaining the restrictive DeVos rule. Here's an excerpt from the CNN article: Senate Republicans joined Democrats Wednesday to overturn a […]
The Wall Street Journal reports that California passed a new law to cap interest rates—currently at about 37% a year—for some consumer loans. OppLoans, however, is charging 160% on a typical loan in California, using a partnership with a Utah bank to continue selling in the state despite the new rules. OppLoans isn’t the only […]
The Washington Post reports today that the Consumer Financial Protection Bureau has filed a lawsuit against Fifth Third Bank, alleging the bank’s employees opened fake accounts for customers in order to meet aggressive sales targets. The federal regulator alleged Monday that the bank knew its employees were opening fake accounts since at least 2008 and […]
A nice win today for attorney Kelly Jones and my colleague Adam Pulver in McAdory v. DNF Associates: Reversing the district court’s dismissal of an action under the Fair Debt Collection Practices Act and remanding, the Ninth Circuit held that a business that bought and profited from consumer debts, but outsourced direct collection activities, qualified […]
… but experts call it opportunistic. The Washington Post explains, here.
President Trump has nominated Nancy B. Beck, a former chemical industry executive, to lead the Consumer Product Safety Commission, an independent federal agency charged with protecting the public against dangers like toxic substances in products. The New York Times has the story, here.