This article says that "[t]he top cop for U.S. consumer finance has decided not to sue a payday loan collector and is weighing whether to drop cases against three payday lenders, said five people with direct knowledge of the matter." "Top cop" for whom?
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The National Employment Lawyers Association Institute has just released this report about forced arbitration in the workplace. Here's how the Institute describes the report: Authored by Loyola University New Orleans College of Law Prof. Imre S. Szalai, this groundbreaking report finds that 80 percent of Fortune 100 companies use arbitration in their employment documents, nearly half of […]
This article by Hugo Martin explains: The smartphone video that went viral last year showing a United Airlines passenger being dragged out of an overbooked flight prompted several large airlines to vow to end or dramatically reduce the number of passengers denied a seat. The nation's airlines have made good on that promise. *** or its part, […]
As you may know, the Munger Tolles law firm has backtracked on its effort to force summer associates to sign mandatory, pre-dispute arbitration agreements with the firm. Given the "me too" movement, the firm certainly had a PR problem on its hands. As this article by Meghan Tribe explains: Munger, Tolles & Olson reacted swiftly Sunday afternoon after news of […]
In today's New York Times, two lawyers from the large corporate law firm Paul, Weiss, Rifkind, Wharton & Garrison argue for repeal of the law that immunizes gun manufacturers from liability and explain the importance of law allowing individuals to hold industry accountable for wrongdoing. A nice piece, available here.
Reuters reports: "The top cop for U.S. consumer finance has decided not to sue a payday loan collector and is weighing whether to drop cases against three payday lenders, said five people with direct knowledge of the matter." The full article is here.
Today, the Federal Trade Commission and Consumer Financial Protection Bureau issued a joint report on their 2017 activities to combat illegal debt collection practices. The annual report to Congress on the administration of the Fair Debt Collection Practices Act details the agencies’ efforts to stop unlawful debt collection practices, including vigorous law enforcement, education and […]
Kevin Brasler of Washington Consumer Checkbook has an interesting column in last week’s Washington Post detailing the findings of a study of consistently deceptive advertising of ”big ticket items” that are supposedly on sale, even though the supposed regular price was never applicable during the ten month period of the study. The complete study is […]
The result today in Cyan v. Beaver County Employees Retirement Fund is interesting, particularly given the legislative trend to provide forum choice to defendants in aggregate litigation (which usually means federal court, because big companies generally prefer federal court). The issues and the Supreme Court's unanimous holding are crisply stated in the first paragraph of Justice Kagan's […]
by Jeff Sovern Here in the LA Times. Excerpt: [T]he current occupant of the Oval Office, President Trump, a wealthy businessman, is aggressively pursuing policies that undermine each of Kennedy's declared rights. * * * Kennedy proposed four basic consumer rights: The right to safety: "To be protected against the marketing of goods which are hazardous […]