A Washington Post online story today discusses the Federal Trade Commission's opposition to proposed amendments to the Electronic Communications Privacy Act: By now, Americans are all too familiar with the ways hackers can gain unauthorized entry into their personal accounts online. But did you know that the government can currently seize many of your e-mails without even […]
You would probably assume that Ben Carson and his presidential campaign would be thrilled that so many people across America are creating T-shirts, mugs and other items touting his candidacy for the presidency, saying “Ben Carson for President 2016" or using more creative slogans, plastering his face on such items. And you would think that […]
Here. Excerpt: Under Grassley's legislation, all students who are going to take out a federal loan to help pay for college would have to undergo counseling that would include an estimate of how much the student will likely make upon graduating versus their loan debt. Students would also look at potential options for scholarships or […]
The FDA recently issued this draft guidance to assist industry in drug development to combat rare diseases. 10% of people will get a rare disease. That sounds strange because a rare disease is, well, rare. It is defined (by the Orphan Drug Act of 1983) as a disorder or condition that affects fewer than 200,000 […]
The Consumer Financial Protection Bureau on Monday obtained a preliminary injunction against World Law Group and its senior leaders for running a debt-relief scheme that the CFPB alleged charged consumers exorbitant, illegal upfront fees. The CFPB alleges the debt-relief scheme falsely promised consumers a team of attorneys to help negotiate debt settlements with creditors, failed […]
The Hill reports: The Obama administration on Monday announced a tweak to the federal financial aid program that one official said would help “literally hundreds of thousands” of students each year. Obama and Education Secretary Arne Duncan will formally announce the change at a town hall meeting in Iowa, where they will meet with high […]
by Jeff Sovern The following is the body of an email I sent to the editor of the Consumer Financial Services Law Report (a very useful newsletter on developments in consumer finance): The August 9, 2015 issue of the Consumer Financial Services Law Report includes an advocacy piece by financial industry lawyers Alan S. Kaplinsky and […]
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The Food and Drug Administration has released rules that will require U.S. food manufacturers to make detailed plans to identify and prevent possible contamination risks in food production facilities. As the Washington Post reports, "[t]he new regulations, which will apply to the production of both human and animal foods, mark the first step in a broader effort […]
Jim Hawkins of Houston has written Are Bigger Companies Better for Low-Income Borrowers?: Evidence from Payday and Title Loan Advertisements, Forthcoming in the Journal of Law, Economics and Policy. Here is the abstract: Payday lending and title lending markets are dominated by a small number of large lenders. Recent policy intervention into these markets in […]