The Home Mortgage Disclosure Act Modified Loan Application Register data for 2021 are now available on the Federal Financial Institutions Examination Council’s HMDA Platform for approximately 4,316 HMDA filers. The published data contain loan-level information filed by financial institutions, modified to protect consumer privacy.
The Consumer Financial Protection Bureau had issued policy guidance regarding potentially illegal practices related to consumer reviews. "The CFPB seeks to ensure that customers can write reviews, particularly ones posted online, about financial products and services that accurately reflect their opinions and experiences. The guidance also highlights that practices such as posting fake reviews or […]
by Jeff Sovern Jack Hoover, a 3L at Virginia, has written Standing and Student Loan Cancellation, 108 Va. L. Rev. Online (Forthcoming 2022). Here's the abstract: As the public policy debate over broad student loan cancellation continues, many have questioned whether the Executive branch has the legal authority to waive the federal government’s claim to […]
Nydia Remolina of Singapore Management University – Centre for AI & Data Governance has written The Role of Financial Regulators in the Governance of Algorithmic Credit Scoring. Here’s the abstract: The use of algorithmic credit scoring presents opportunities and challenges for lenders, regulators, and consumers. This paper provides an analysis of the perils of the […]
A Federal Trade Commission report on e-cigarette products “paints a disturbing picture of surging e-cigarette sales and advertising that are likely to damage the health of America’s youth.” The FTC found that “flavored cartridges, nicotine concentration, and deep discounting surged between 2015 and 2018, likely fueling increased underage consumption.” The report, which is based on […]
Loyola Consumer Law Review is holding a symposium titled: Consumer Protection in the Online Ecosystem *Friday, April 1, 2022, 9:00 a.m. – 2:30 p.m. (CT), Via Zoom Here is announcement: Please join Loyola University Chicago School of Law’s Consumer Law Review for its annual symposium on April 1, 2022. This year’s symposium will focus on […]
A Federal Trade Commission blog post about data breach and prevention is here.
by Jeff Sovern The Chamber of Commerce has released a study about arbitration. I paste in immediately below the relevant portion of the press release, and then I identify some methodological issues with the study. A new study released today by the U.S. Chamber of Commerce Institute for Legal Reform found that consumers and employees […]
Presented by the Center for Consumer Law, University of Houston, and the Center for Consumer Law & Economic Justice, UC Berkeley Live in Santa Fe, New Mexico. May 20-21, 2022. Conference for Clinical Faculty, May 19th.* It may seem like forever since there has been an in-person conference…. but we are proud to present the […]
by Jeff Sovern Earlier this week, the Senate Banking Committee held a hearing on consumer arbitration clauses. The consumer side was ably represented by Paul Bland, Myriam Gilles, and Remington Gregg. I want to say something about the arguments put forth at the hearing by Senator Toomey and Professor Todd Zywicki. Professor Toomey argued that […]