AAJ Research (an arm of the American Association for Justice) has written Driven to Safety: Robot Cars and the Future of Liability. Here is the abstract: Widespread adoption of robot cars could have a revolutionary impact on these figures, potentially preventing 90 percent of crashes and saving thousands of lives every year. The impact of such […]
The Wall Street Journal reports: President Donald Trump believes the structure of the Consumer Financial Protection Bureau makes the agency “unaccountable” to the American people, according to a White House spokesperson, weighing in for the first time in the debate about the future of the watchdog agency created under the Obama administration. The comment came […]
Here. I won't post an excerpt because the report is too full of information to single some items out. If you care about class actions, I suggest reading the whole piece.
Todd J. Zywicki of George Mason has written Market-Reinforcing versus Market-Replacing Consumer Finance Regulation in Hester Peirce and Benjamin Klutsey, eds., Reframing Financial Regulation: Enhancing Stability and Protecting Consumers, Mercatus Center at George Mason University, pp. 319-341, 2016. Here's the abstract: The aftermath of the financial crisis has seen the formation of several new banking regulators […]
Here (behind paywall). The article reports on an email from an unidentified Trump spokesperson. Excerpt: “The President believes that the initial decision made by the three judge panel of the DC circuit was correct,” the spokesperson said in an emailed statement. “The structure of the CFPB makes it unaccountable to the American people.” The statement […]
Washington Post columnist Christopher Elliott fills us in If you’re an experienced traveler, maybe you know about the Department of Transportation’s 24-hour rule for airline ticket purchases, or EU 261, the European consumer protection regulation for air travelers, or the Fair Credit Billing Act. But what about the cruise bill of rights? The flat-tire rule? […]
The New York Times reports: At a time when many Republicans are urging President Trump to weaken the Consumer Financial Protection Bureau, a federal judge has now upheld its authority to issue a subpoena in a housing finance investigation. Judge Nancy G. Edmunds of Federal District Court in Detroit has ruled that one of the […]
Caitlin Cattelino of Defenders of Wildlife writes that "[t]he first month of the Trump administration has ushered in a new era of uncertainty for the future of our nation’s treasured public lands, unique biodiversity, and conservation values. And with the frenzy of executive orders, cabinet nominations, and protests across the country, it may have been […]
The DC Circuit today granted the CFPB’s petition for rehearing en banc of the decision holding its structure unconstitutional. The court vacated the October 2016 decision (see Brian's October post here) and set a quick briefing schedule, with the petitioner's s opening brief due on March 10 and the CFPB's due on March 31. It […]
Here. Excerpt: [T]here are three cases before the Supreme Court at various stages that not only deal with the CFPB, but with federal regulations that some fear that Trump's nominee, Neil McGill Gorsuch, currently a judge on the U.S. Court of Appeals for the Tenth Circuit, will have no patience with. Correction: An earlier version […]