David Horton of California, Davis has written Arbitration About Arbitration Stanford Law Review, Vol. 70, (2017 Forthcoming). Here is the abstract: Recently, the U.S. Supreme Court’s interpretation of the Federal Arbitration Act (“FAA”) has nearly eliminated consumer and employment class actions, sparking vigorous debate. Yet another important development in federal arbitration law has received less […]
… because who doesn't want their online history collected and sold by internet companies? The New York Times has the story.
Ray Brescia of Albany, along with Albany alum Ralph Scunziano, the Empire Justice Center, and the Association for Neighborhood & Housing Development (ANHD) have created a New York Bank Ratings Index. The web site is here; a report on the project here, and Ray also has a Medium op-ed titled Putting Consumer Protection in the […]
Still at work, the Consumer Financial Protection Bureau announced today action against credit reporting agency Experian for deceiving consumers about the use of credit scores it sold to consumers. Experian claimed the credit scores it marketed and provided to consumers were used by lenders to make credit decisions. In fact, lenders did not use Experian’s […]
Remember when then-New York mayor Michael Bloomberg banned sales of sugary drinks in containers larger than 16 ounces? The idea was that the ban would cause people to drink fewer ounces of sugary drinks overall. (For Richard Posner's take on that issue, go here.) The New York Court of Appeals ultimately threw out Bloomberg's ban on New […]
From time to time, we discuss evidence about what types of consumer education and regulation (for instance, prohibitions on industry conduct vs. disclosure obligations) best protect consumers. So, I was intrigued by the Consumer Financial Protection Bureau's research study entitled The power of light-touch financial education: A demonstration with credit card revolvers. Here is the agency's summary […]
According to this story by Matt Fuller, the original sponsors of the bill to "repeal and replace" the Affordable Care Act have now been cut out of the legislative process and won't know what they are voting on. And it sounds like the last-minute revisions will cause massive harm to people most in need of essential health […]
Brian posted yesterday about the House hearing. For those who don't want to listen to the recording, you can find reports in the St. Louis Post-Dispatch (Rep. Ann Wagner takes aim at consumer protection chief), Housing Wire (Tensions escalate at House hearing on constitutionality of the CFPB), Money (This Lawmaker Just Gave the Perfect Defense […]
An Urban Institute report issued today on the "American Health Care Act" finds that, "taking both tax reductions and benefit reductions into account, the average high-income family would be significantly better off and the average low-income family would be significantly worse off under the AHCA." Specifically, under the bill, "[t]he average family with less than […]