Here.
The CFPB has just released its much-awaited proposed rule on forced arbitration clauses — arguably the single biggest step the Bureau can take to level the playing field for American consumers. If adopted after notice-and-comment, the CFPB's new rule would prohibit forced arbitration clauses that prevent consumers from banding together to hold companies accountable in court, […]
Last week I posted something about the latest attack on the CFPB's constitutionality because of its single-director structure and sought comment. Americans for Financial Reform Policy Counsel Brian Simmonds Marshall addressed the issue on the ACS Blog in an informative post titled An Easy Case: Why a Federal Appeals Court Should Reject a Constitutional Challenge to […]
The Federal Trade Commission has charged the operators of dozens of companies with deceiving consumers by using fake newspaper subscription notices. According to the FTC’s complaint, through a complicated web of companies, the defendants send consumers “Notice of Renewal/New Order” mailers for subscriptions to newspapers such as The New York Times, The Wall Street Journal, […]
Marketers of green coffee bean extract weight-loss supplements, male enhancement products, and skin care products will forfeit assets totaling approximately $9.2 million, and have already turned over a Ferrari to settle the Federal Trade Commission’s court action brought against them in October 2014. The proposed stipulated final order bans individual defendants Danelle Miller and Jason […]
by Paul Alan Levy When I saw the Popehat Signal a few years ago, seeking counsel to help Todd DeShong fend off a lawsuit in federal court in Texas claiming that he defamed Clark Baker on his "HIV Innocence Group Truth blog, which criticizes Baker for profiting through charlatanism (Baker claims that HIV status is unrelated […]
A sign of things to come, reports the Times: In January, the Department of Housing and Urban Development announced grants totaling $1 billion in 13 states to help communities adapt to climate change, by building stronger levees, dams and drainage systems. One of those grants, $48 million for Isle de Jean Charles [in southern Louisiana], […]
That question was the subject of a recent class action lawsuit on behalf of the drivers in California and Massachusetts. Now Uber will pay $100 million to settle the case and will allow the drivers to collect tips, but will keep workers classified as contractors under the deal. The classification issue seems likely to arise […]
by Jeff Sovern Earlier today, the US Chamber of Commerce released a letter to CFPB Director Richard Cordray from David Hirschmann, President and CEO, Center for Capital Markets Competitiveness, urging the Director to address certain issues at Thursday's CFPB arbitration field hearing. Here's one of those issues, as stated in the letter: [T]he public would benefit […]