Law prof John Brooks has written Student Loans As Taxes. Here is the abstract: The growth of college tuition and the corresponding rise in student loan debt have become major issues of public importance. Total outstanding student debt is at least $1.3 trillion, and tuitions keep growing, even while we arguably need to invest more in […]
by Jeff Sovern Brian posted this morning on the CFPB's debt collection proposal. I wanted to focus just on the validation requirements. Appendix F to the Bureau's proposal speaks to the validation notice. The Proposal indicates that the Bureau has conducted and continues to conduct extensive consumer testing of validation notices. I don't know what […]
More information here. Here's a quote from the announcement (some may disagree with the first nine words but the rest is exciting): Best place to live and teach in the U.S.: The Alexander Blewett III School of Law at the University of Montana, the only law school in the state, anticipates hiring a full-time, tenure-track professor […]
Law prof Margot Pollans has written Drinking Water Protection and Agricultural Exceptionalism, which you may want to read in light of the water crisis in Flint. Here's the abstract: Providing safe drinking water is a basic responsibility of government. The US system is inefficient, unfair, and sets up local water utilities to fail. Under the Safe Drinking […]
The Consumer Financial Protection Bureau (CFPB) today proposed new debt-collection regulations described by the agency here. The agency's press release summarizes the proposal's key provisions this way: Collect the correct debt: Collectors would have to scrub their files and substantiate the debt before contacting consumers. For example, collectors would have to confirm that they have sufficient […]
by Jeff Sovern Here. It has more information than the article abstract, but is a lot shorter than the article. The article itself is here. In other debt collection news, Law360.com has its preview of the debt collection rules here (behind paywall). The headline: CFPB Enforcement Actions Could Guide Debt Collection Rules. UPDATE: InsideARM.com reports […]
The American Banker (behind paywall) and Bloomberg report speculations.
In this short essay (subscription possibly required), public-interest lawyer Arthur Bryant explains why he thinks the Supreme Court's decision in Spokeo v. Robins is good news for consumers seeking to enforce their rights to statutory damages.
by Jeff Sovern We now have reason to believe that validation notices fail to convey to consumers the information Congress wants consumers to have. If the CFPB addresses validation notices in its regulation, courts can simply follow the Bureau's lead. But it could be years before that regulation takes effect. What should courts do in the […]
The Hill reports that the chairman of the Federal Communications Commission on Friday told phone companies that they should start providing free technology for their customers to block robocalls and spam texts. Last year, The Hill explains, the FCC told wireless carriers that they could provide robocall-blocking technology said without running afoul of any rules. […]