The Consumer Financial Protection Bureau has finalized a set of rules intended to protect prepaid account users. The new rule requires financial institutions to limit consumers’ losses when funds are stolen or cards are lost, investigate and resolve errors, and give consumers free and easy access to account information. The CFPB also finalized new “Know […]

  The Third Circuit recently held that title insurers did not waive their ability to compel individual arbitration when attempting to do so earlier would have been futile under then-existing law. In Chassen, et al. v. Fidelity National Financial, Inc., et al., (Sept. 8, 2016), plaintiffs sought to recover hundreds of millions of dollars in claimed […]

The Federal Trade Commission announced today that, at the FTC's request, a federal court in Nevada has found that racecar driver Scott A. Tucker and several corporate defendants in a Kansas City-based payday lending scheme violated Section 5 of the FTC Act and has ordered them to pay $1.3 billion for deceiving consumers across the […]

That's the topic of this article by Jeff Lingwall. Here is the abstract: This Article examines the emerging use of “food forensics” to discover injury in class action litigation. Based on increased public interest in what goes inside food, plaintiffs have begun relying on statistical and chemical testing to verify label claims. The test results often spur […]

From a Washington Post column today by Katrina vanden Heuvel: Wells Fargo’s abuse of its customers — its employees opened some 2 million accounts and credit cards for depositors who may not have wanted them — has sparked deserved outrage. Sen. Elizabeth Warren (D.-Mass.) charged Wells Fargo chair and chief executive John Stumpf with “gutless […]

Last week, Senator Warren sent a letter to the Department of Education drawing attention to some “unsettling” data:  Nearly 80,000 former Corinthian students who attended the now-defunct school at a time when the Department found the school was engaged in fraud—and who are therefore eligible to apply for federal debt relief—are currently in some form […]

The Department of Health and Human Services final rule overhauling skilled nursing facility prohibits all arbitration agreements at the time of admission. According to the Centers for Medicare and Medicaid Services, such pre-dispute agreements are "fundamentally unfair" because "it is almost impossible for residents or their decision-makers to give fully informed and voluntary consent to […]