The Consumer Financial Protection Bureau announced today that it is launching a nationwide effort to advance financial education in schools. The Bureau is publishing “Advancing K-12 Financial Education: A Guide for Policymakers,” a resource guide which contains strategies for furthering the development and implementation of financial education in states. The CFPB press release is here.
That’s the question posed by this Reuters story, which suggests that big banks will retaliate against the pro-regulatory proposals of Senators Elizabeth Warren and Sherrod Brown by withholding campaign contributions from Senate Democrats. Sen. Warren, for her part, does not plan to play along, she explained in a blog post (entitled "Wall Street isn't happy […]
Reports Law360 last week: "Facebook Unlawfully Tracking All Visitors, Report Says." The report in question was prepared by the Interdisciplinary Center for Law and ICT at the University of Leuven in Belgium, and it accuses the social networking behemoth of violating EU privacy law by tracking the activities of individuals who are not users of […]
Nathalie Martin of New Mexico has written Giving Credit Where Credit is Due: What We Can Learn from the Banking and Credit Habits of Undocumented Immigrants. Here's the abstract: Undocumented immigrants currently make up more than 5% of the U.S. labor force and 7% of school-age children. Numbering over eleven million, undocumented immigrants unquestionably comprise […]
The Washington Post concludes that industry claims that state laws requiring food labels to disclose a products contains genetically modified ingredients would cost families $500 more in groceries each year are wildly exaggerated. The article is here. As the article indicates, the costs claimed by industry are largely due to expected changes in consumer behavior. […]
"Given the many billions of dollars financial companies have paid in regulatory and legal settlements related to the mortgage crisis, how much money has actually found its way into the pockets of investors harmed by their actions? "Less than you may think." That's the start of a New York Times article entitled "Victims of Financial […]
Shauhin A. Talesh of Irvine has written Institutional and Political Sources of Legislative Change: Explaining How Private Organizations Influence the Form and Content of Consumer Protection Legislation, 39 Law and Social Inquiry 973 (2014 ). Here's the abstract: This article explores how private organizations influence the content and meaning of consumer protection legislation. I examine […]
From the New York Times this morning: An agreement announced Monday by the New York State attorney general and GNC, the nation’s largest specialty retailer of dietary supplements, should provide protection against fraudulent herbal products that don’t contain the ingredients listed on their labels or contain unlisted ingredients that are potentially dangerous. Under the deal, […]
by Steve Gardner On March 31, another federal court rejected another a motion to dismiss another “natural” claims lawsuit. Download here: Langan v J&J. The first paragraph of the opinion does at least as good a job as I could of summarizing the case: This case is about the use of the word “natural” on […]