October 7, in Denver. More here. Will the Bureau announce proposed arbitration rules? (HT: Gregory Gauthier)
The New York Times reports on a study that found a correlation between generous company stock options for executives and the incidence of serious product recalls of the companies products. The study, “Throwing Caution to the Wind: The Effect of C.E.O. Stock Option Pay on the Incidence of Product Safety Problems,” concluded that “C.E.O. option […]
Several news outlets reported this week on the huge price jump in the cost of a generic drug: Turing Pharmaceuticals increased the cost of the drug Daraprim more than 4n000 percent, from $13.50 a tablet to $750, overnight. See stories here and here. The prices of numerous generic drugs have risen sharply over the past […]
The Post reports: In ads, Volkswagen touted its popular Jetta and Beetle diesels as paragons of clean-fuel technology: Buyers were promised a car that was “clean, fuel efficient, and powerful,” according to one 2013 testimonial. In reality, the claims were based in part on a clever ruse, U.S. officials alleged on Friday. For at least […]
Thomas A. Durkin, Gregory Elliehausen, both of the Fed, and Todd J. Zywicki of George Mason have written Consumer Credit and the American Economy: An Overview, Forthcoming in the Journal of Law, Economics and Policy, Here is the abstract: This article provides an introduction to a law review symposium by the Journal of Law, Economics, and […]
by Jeff Sovern Here. Some excerpts: First, the attacks: Ben Carson, second only to Donald Trump in Republican presidential polling, has called the Consumer Financial Protection Bureau the "ultimate example of regulatory overreach." Candidate Carly Fiorina, former chief executive of Hewlett-Packard, says the watchdog agency's investigative powers worry her "a whole lot more" than the […]
by guest blogger Rachel Clattenburg of Public Citizen Litigation Group Last week, NPR’s Morning Edition described Chapter 11 bankruptcy as one of our economy's “secret weapons.” The story focused on an appliance business in Charlotte, N.C., which was saved after filing for Chapter 11 bankruptcy. The story credits Chapter 11—the Chapter generally used by businesses […]
Both enforcement and public education are on the agenda for the Commonwealth's Attorney General Mark Herring. Listen to the NPR story here.
The Journal of Legal Studies is holding a conference at the University of Chicago titled "Contracting Over Privacy" on October 16 & 17. The conference features an all-star lineup. Here's the conference blurb: Information privacy is rapidly emerging as one of the key areas of consumer protection in our era. This conference will examine the […]
Recently, we told you about Coca-Cola's funding of scientists seeking to shift the blame for obesity away from bad diets (including regularly gulping down sugary drinks like Coke). If you were interested in that story, you'll be interested in this story. At this website, Coke urges consumers to "Share a Coke" with someone by allowing […]