Ralph Nader has an article on tort law entitled "Suing for Justice – Your lawsuits are good for America" in April's edition of Harper's Magazine. His conclusion: We are at a moment in our legal history at which the tort system, built over the course of a century in courts of law by tens of […]
Last week, the Vermont Attorney General announced that Advantage Payment Systems will pay $22,000 to settle claims that the company violated state consumer laws by processing electronic payments to payday lenders charging 100-300% interest despite the fact that Vermont law forbids interest rates of greater than 24%. Apparently, the company has already stopped processing payments in Vermont […]
by Jeff Sovern I recently listened to the audio version of a book authored, by two Nobel Prize winners, George A. Akerlof & Robert J. Shiller, titled Phishing for Phools: The Economics of Manipulation and Deception. Their basic thesis is that while free markets have the salutary effect of encouraging sellers to provide things that consumers want, free […]
Maybe not, according to this NY Times article. Excerpt: [S]ome argue that the Supreme Court under Chief Justice John G. Roberts Jr. has become perhaps the most business-friendly court in recent history. A 2013 study by Lee Epstein of Washington University in St. Louis, William M. Landes of the University of Chicago Law School and […]
Joining a growing consensus of appellate courts that have addressed this issue in recent years, the Alaska Supreme Court held last week that foreclosure counts as "debt collection" and therefore firms in the business of foreclosing on homeowners are "debt collectors" subject to the restrictions of the FDCPA. As the court explained, "foreclosing on property, […]
The Hill reports: Government debt collectors could only robocall a person three times per month and would have to stop calling when asked to do so, according to a draft proposal at the Federal Communications Commission. The FCC released more details of the draft proposal circulated among the commissioners last month. The new details were […]
Federal Communications Commission Chairman Tom Wheeler has circulated for consideration by the full Commission a Notice of Proposed Rulemaking "to ensure consumers have the tools they need to make informed choices about how and whether their data is used and shared by their broadband providers." The proposal would apply the privacy requirements of the Communications […]
Resolving an ambiguity in the District of Columbia's Anti-SLAPP law, the DC Court of Appeals held today in Doe No. 1 v. Burke that a defendant who succeeds in a special motion to quash a subpoena for the defendant's identifying information is presumptively entitled to have attorney fees awarded, absent special circumstances rendering such an […]
Both cute and informative about the risks to consumers in the mobile economy. The takeaway: Federal regulations to protect consumers aren't evolving fast enough to keep up with technological advances. Watch it here.
As Fivethirtyeight explains, February saw the biggest one-month increase in the size of the labor force in over a year and continues the longest streak of gains in eight years. If this is a trend and not a blip, it's a significant reversal: Labor force participation has been a dark cloud hanging over the economy […]