Amanda Werner of Americans for Financial Reform and Public Citizen attended the Equifax hearing today to draw attention to forced arbitration and make the point that forced arbitration gives corporations a monopoly on justice. Amanda seems to have attracted as much attention as the former Equifax CEO who was testifying. Below is a small sample […]
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The Consumer Financial Protection Bureau today issued an interim final rule and a proposed rule "to provide mortgage servicers more flexibility and certainty around requirements to communicate with certain borrowers under the Bureau’s 2016 mortgage servicing amendments. The interim final rule gives servicers more flexibility regarding when to communicate about foreclosure prevention options with borrowers […]
Our readers may be interested in this story by Michael Scarcella on the contentious oral argument today before the Supreme Court in Epic Systems v. Lewis (and two cases consolidated with it), perhaps one of the most important arbitration cases the Court has ever heard. The question presented by one of the pro-arbitration parties is Whether an agreement that […]
"Black people struggling with debts are far less likely than their white peers to gain lasting relief from bankruptcy, according to a ProPublica analysis. Primarily to blame is a style of bankruptcy practiced by lawyers in the South." ProPublica's full story is here.
“This must stop. It is positively infuriating that my colleagues in Congress are so afraid of the gun industry that they pretend there aren’t public policy responses to this epidemic. There are, and the thoughts and prayers of politicians are cruelly hollow if they are paired with legislative indifference. It’s time for Congress to get […]
Below are announcements from the Department of Justice's Consumer Protection Branch from July through September. September 27, 2017 – District Court Enters Permanent Injunction Against Illinois Caviar Supplier to Prevent Distribution of Adulterated Food September 26, 2017 – District Court Enters Permanent Injunction Against Two New Jersey Companies and Two Individuals to Stop Distribution of […]
Here and here. And if want to see who will likely benefit from Trump's proposed changes, click on the chart below.
Those are topics of Justifying Class Action Limits: Parsing the Debates over Ascertainability and Cy Pres by law prof Robert Bone. Here's the abstract: The federal class action has lost its way. It was created about fifty years ago in a major revision to Rule 23 that envisioned a functional aggregation device aimed at promoting litigation efficiency […]
Today, the U.S. Chamber of Commerce, American Bankers Association, American Financial Services Association, Consumer Bankers Association, Financial Services Roundtable, and a coalition of associations located throughout Texas filed a legal challenge to the Consumer Financial Protection Bureau’s anti-arbitration rule. The complaint alleges that the rule violates the requirements of the Dodd-Frank Act because the CFPB […]
by Paul Alan Levy In a motion to quash filed today, three Facebook users are challenging search warrants issued by federal prosecutors seeking to rummage through accounts in which they supported protests against the inauguration of Donald Trump on the weekend of January 20. One of the accounts may be the Facebook analogue of the […]