Alison Frankel at Reuters has this article today.
by Jeff Sovern Here. The first paragraphs read: Defying the threat of a White House veto, the House on Wednesday afternoon passed bipartisan legislation to help homebuyers avoid delays and disruptions when closing on their new homes by a bipartisan vote of 303-121. The bill, the Homebuyers Assistance Act, provides a four-month grace period for businesses that […]
If you think so, Chrysler has a deal for you: a discount in exchange for agreeing to binding arbitration. Of course, if there's a problem with the car, then you may end up out way more than $200, and the notoriously business-friendly arbitration system is unlikely to help with that. This story on Jalopnik explains. […]
Here. Non-disparagement clauses are suddenly drawing a lot of attention.
The Bureau's announcement is here. An excerpt: Today the Consumer Financial Protection Bureau (CFPB) announced it is considering proposing rules that would ban consumer financial companies from using “free pass” arbitration clauses to block consumers from suing in groups to obtain relief. Buried in many contracts for consumer financial products like credit cards and bank […]
The Washington Post reports: The District would become the most generous place in the country for a worker to take time off after giving birth or to care for a dying parent under a measure supported by a majority of the D.C. Council. Under the legislation that will be introduced Tuesday, almost every part-time and […]
Yesterday, the U.S. and 11 other nations from North and South America, Asia, and the South Pacific reached agreement on the Trans Pacific Partnership (TPP), a huge trade deal years in the making. What does the text say? That's still a secret — the New York Times reports that the 30 chapters of the agreement […]
…is the first part of a four-part investigative report by WAMU (Washington D.C.'s NPR affiliate) about exploitative lending practices in the Commonwealth, including how a lender transforms a loan with a capped interest rate into one without. Part I, which aired yesterday, is here. Part II aired this morning and is available here. The remainder […]
Read The Decline of Big Soda by Margot Sanger-Katz in the New York Times. Sanger-Katz explains: Over the last 20 years, sales of full-calorie soda in the United States have plummeted by more than 25 percent. Soda consumption, which rocketed from the 1960s through 1990s, is now experiencing a serious and sustained decline. * * […]
Despite complaints from some that Dodd-Frank has led to the closing of community banks, the Wall Street Journal reports something different here. Some excerpts: It's a favorite lament of community banks: The 2010 Dodd-Frank law is squeezing small financial firms and crimping access to credit for Main Street, all in the name of protecting the […]