Law prof Eric Goldman has written An Introduction to the California Consumer Privacy Act. Here's the abstract: After a mere week of deliberations, the California legislature passed the Consumer Privacy Act (CPA), a sweeping, lengthy (10,000 words!), insanely complicated, and poorly drafted privacy regulation that will govern the world’s fifth largest economy. This short primer, excerpted […]
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Jon Sheldon at the National Consumer Law Center discusses "Shortening the Limitations Period on Credit Card Collection Lawsuits": With the growth of the debt buying industry, the statute of limitations has become a particularly important defense in credit card collection lawsuits. Not only do debt buyers purchase credit card debt six months or more after […]
The Regulatory Review has a short piece on Betsy Devos's effort to roll back protections for student loan borrowers put in place under the Obama Administration, focusing on the borrower-defense rule. The post is here.
Mobile peer-to-peer payment services used on smartphones and tablets make it easy to transfer money between friends. Consumer Reports tested five mobile P2P services — Venmo, Square's Cash App, Facebook P2P Payments in Messenger, and Zelle — to see how they stacked up for protecting data-privacy and security. The article is here.
In a piece for the Washington Post wntitled In expensive cities, rents fall for the rich — but rise for the poor, Jeff Stein writes: U.S. cities struggling with soaring housing costs have found some success in lowering rents this year, but that relief has not reached the renters most at risk of losing their housing. […]
I thought our readers might be interested in this article by Peter Holley, which does a short survey of the state of the self-driving truck industry. While explaining that Uber is getting out of the self-driving business for now, the article suggests that we can expect seeing driverless trucks pretty soon. One company is planning to make […]
As most of you likely know, Trump's Treasury Department has floated the idea of indexing capital gains to inflation, thereby reducing the tax due from owners of stocks and other investments when they sell those investments at a gain. (The administration has even suggested that this change could be done administratively, without congressional approval.) As this […]
That's the name of this LA Times article by David Lazurus, which explains that Americans of all political stripes support a strong Consumer Financial Protection Bureau. A survey conducted for Americans for Financial Reform and the Center for Responsible Lending shows "that an overwhelming majority of Americans — at least 80% — are concerned about the Trump administration’s […]
Senator Elizabeth Warren answers policy questions about the economy, free markets, and regulation for the Washington Post, here.
The Department of Education today proposed a new Borrower Defense Rule that would abandon important protections designed to stop for-profit colleges from forcing students to give up their right to take schools to court for wrongdoing by forcing them to arbitrate any claims. Forced arbitration provisions, together with bans on the right of students to […]