Brian D. Galle of Georgetown has written The Problem of Intra-Personal Cost. Here is the abstract: “Externalities”, or harms to others, provide a standard justification for government intervention in the private market. There is less agreement over whether government is justified in correcting “internalities,” or harms to self the self is largely powerless to avoid. […]
Christopher P. Guzelian of Thomas Jefferson, Michael Ashley Stein of Harvard Law School and the University of Pretoria Faculty of Law, and H. S. Akiskal of UC San Diego Department of Psychology have written Credit Scores, Lending, and Psychosocial Disability, 95 Boston University Law Review 1807 (2015). Here is the abstract: Credit scores have become a […]
Bankrate has the story here. Excerpt: It's one thing to see banks marketing financial products they sell, like credit cards. It's another thing altogether to see them trying to sell cars, says Elisabeth Honka, assistant professor of marketing at the UCLA Anderson School of Management. "This is the first time I'm seeing it," Honka says. […]
The CFPB typically invites representatives from various organizations to speak at its field hearings. According to an email report, U.S. Chamber Center for Capital Markets Competitiveness Executive Director Travis Norton will be one of the speakers at next Thursday's arbitration field hearing.
A piece in Fivethirtyeight last week highlights the challenges occupational licensing laws pose for younger job-seekers. These are rules, usually at the state or local level, that require workers to get a government-issued license to hold certain jobs. That makes sense for doctors and accountants, but the requirements are increasingly spreading to barbers, cosmetologists and even […]
The Consumer Financial Protection Bureau announced yesterday the "Payback Playbook"—a set of prototype disclosures that outline a path to affordable payments for borrowers trying to avoid student debt distress. The CFPB explained that Payback Playbook provides borrowers with personalized information about their repayment options from loan servicers so they can secure a monthly payment they […]
by Jeff Sovern Earlier this month, Allison posted a link to a story about the PHH case in which the D.C Circuit heard arguments about whether the CFPB's structure is constitutional (CFPB Monitor reports on the oral argument here). The Wall Street Journal has now run an editorial (behind a paywall) arguing that the Bureau […]
A thoughtful article in the New York Times Magazine this week posits that TV has largely shifted from portraying working class and middle class struggles (from mid-century to the early 90s) to shows largely focused on hanging out and that exist in a classless vacuum (for the past twenty years). As a result, blue collar workers […]
A lot is going on in yesterday's decision in FTC v. Amazon, 2016 WL 1643973 (W.D. Wash. Apr. 26, 2016) — some excellent and some troubling. First, the good news. A Seattle district court held that Amazon engaged in unfair or deceptive practices when it embedded within its apps options to take actions that cost real […]
Check out this fascinating report in Wired last week, which explains how Cornell Tech researchers cracked the code to shortened URLs from Microsoft and Google and as a result were about to figure out personal information about specific individuals: "By guessing at shortened URLs until they found working ones, the researchers say that they could have […]