Alleging that auto loan company Security National Automotive Acceptance Company misled servicemembers about the consequences of nonpayment, the Consumer Financial Protection Bureau yesterday filed suit against the company in federal court in Ohio. The CFPB alleges that the company used a combination of illegal threats and deceptive claims to collect debts. The suit seeks compensation […]
The Federal Communications Commission plans to fine AT&T Mobility $100,000,000 for misleading its customers about unlimited mobile data plans. The FCC’s investigation alleges that AT&T severely slowed down the data speeds for customers with unlimited data plans and that the company failed to adequately notify its customers that they could receive speeds slower than the […]
States are preparing for the worst if the Supreme Court rules this month in King v. Burwell that some health care subsidiaries are unlawful under the Affordable Care Act. The Hill reports that two states' backup plans have been approved. The article notes, "Delaware and Pennsylvania are among the estimated 34 states that stand to lose healthcare […]
This fascinating Washington Post profile tells the story of Fred Kummerow, "The 100-year-old scientist who pushed the FDA to ban artificial trans fat."
Christopher Odinet has written Payday Lenders, Vehicle Title Loans, and Small-Value Financing: The CFPB's Proposal to Regulate the Fringe Economy. Here is the abstract: The market for payday lenders, businesses that provide vehicle title loans, and other small-value financing players is rife with controversy. Some see them as predatory lenders that weave a web of […]
Thanks to alert reader Jasmine Henriques for sending us this informative graphic about identity theft, which reflects data about whom it befalls, how much it costs, and how it is most frequently carried out, among other things.
The Washington Post reports today: [I]n an effort to get a fuller understanding of side effects of certain medicines, the FDA is partnering with a networking forum called PatientsLikeMe, which allows people with the same disease or condition to connect with others and share their experiences. The site, among the largest of its kind, has more than 350,000 […]
. . . in the Southwestern Law Review, as reported with links to pdfs by the ContractsProfBlog.
A New York Times editorial yesterday encouraged that the Consumer Financial Protection Bureau use its enforcement powers to put an end to abusive car loans. The editorial begins: Auto loans have long been a bastion of predatory lending and racial discrimination. Until the federal Consumer Financial Protection Bureau was established, auto lending by banks was […]
The Federal Communications Commission has warned PayPal that PayPal's new terms of service might violate the Telephone Consumer Protection Act. Under the new terms, which go into effect in July, PayPal customers would be deemed to have consented to receiving robocalls and texts from PayPal on any phone number. The Hill has the story.