Payday lenders will lose access to Google’s biggest online ads network in mid-July. From that point on, search results pages will stop displaying paid marketing from payday lenders. ThinkProgress has the story.
by Jeff Sovern Jean Sternlight of UNLV is circulating an impressive and well-argued letter for law professors to sign supporting the CFPB's proposed arbitration regulation. According to my count, 139 have already signed it. If you would like to add your name to the list, please email Jean at jean.sternlight@unlv.edu no later than May 20.
In Nebraska, ProPublica reports, debt collectors frequently sue over medical debts as small as $60 and a simple missed doctor’s bill can quickly land you in court. Filing suit is one of the most aggressive ways to collect debt, but no one tracks how frequently it happens or to whom. An examination of Nebraska’s courts, […]
Here's a post that I wrote for the American Constitution Society's blog last Friday — the day after the CFPB released its proposed arbitration rule.
Troubling new statistics — as reported in the Washington Post.
A recent Consumer Reports survey of 1,005 adults found that more than half of consumers seek out foods with the word "natural" on the label, often in the false belief that the foods were produced without genetically modified organisms, hormones, pesticides, or artificial ingredients. But on food labels, the word does not necessarily mean any […]
Think Progress reports that traditional are planning to jump into the market for low-rate loans after the Consumer Financial Protection Bureau finalizes rules on payday and auto title lending. Relying on an American Banker article (subscription required), it says that at least three major American banks are planning to offer comparable loans at far lower […]
NPR reports: The Texas-based Pastoral Medical Association gives out "pastoral provider licenses" in all 50 states and 30 countries. Some providers call themselves doctors of pastoral medicine. But these licenses are not medical degrees. That has watchdog organizations concerned that some patients may not understand what this certification really means. Listen here.
Yes, argue proponents of basic income, the policy proposal to scrap social welfare programs in favor of just cutting everyone a check. Fivethirtyeight summarizes the arguments: Efficiency-minded libertarians like the idea of streamlining the bureaucracy of the welfare state. Silicon Valley techies hope a guaranteed income would cushion the blow as automation replaces human jobs. […]
The New York Times, in an article titled, "One Top Taxpayer Moved, and New Jersey Shuddered," explains: Our top-heavy economy has come to this: One man can move out of New Jersey and put the entire state budget at risk. Other states are facing similar situations as a greater share of income — and tax […]