Michael Collins Study of High-Risk Mortgage Regulation

J Michael Collins has written Protecting Mortgage Borrowers through Risk Awareness: Evidence from Variations in State Laws, 48 J. Consumer Affairs 124 (2014).  Here is the abstract: In the wake of historic levels of mortgage defaults, regulators have debated how to regulate certain high-risk loans because of the risks of foreclosure involved. This study examines […]

Register now for “Teaching Consumer Law Conference.”

Registration is now open for the Teaching Consumer Law Conference, to be held in Santa Fe, New Mexico, May 30-31. Presented by the Center for Consumer Law at the University of Houston Law Center, this year's Conference features more than thirty speakers discussing issues of importance to those teaching consumer law, interested in teaching consumer […]

Fixing Consumer Protection Law So Borrowers Understand Their Payment Obligations

by Jeff Sovern The Journal of Consumer Affairs published my paper, Fixing Consumer Protection Laws So Borrowers Understand Their Payment Obligations, 48 Journal Consumer Affairs 17 (2014). Here is the abstract: The millions of consumers who defaulted on their mortgages in recent years should all have received disclosures mandated by the federal Truth in Lending […]

Kirsch, Mayer, & Silber: What to Do About Payday Lending

Larry Kirsch, Roert N. Mayer and Norman I. Silber of Hofstra have authored, The CFPB and Payday Lending: New Agency/Old Problem, 48 Journal of Consumer Affairs 1 (2014). Here's the abstract: The Dodd-Frank Act of 2010 brings nonbank payday lenders under federal regulation for the first time. The question of precisely how to regulate the payday […]

US PIRG and the Center for Digital Democracy issues report calling for regulatory protection from unfair “big data” practices

Here is the groups' press release: New Report Examines Both the Promise and the Potential Dangers of the New Financial Marketplace Leading Reform Groups Call for New Regulations to Protect Consumers from Unfair and Discriminatory “Big Data” Practices, Groups File Report with the White House “Big Data” Review Proceeding  Washington, DC: U.S. PIRG Education Fund […]

Why does the U.S. Chamber oppose small businesses harmed by BP disaster?

That's the title of this thought-provoking piece in The Hill by Public Citizen President Rob Weissman about the amicus brief filed this week by the U.S. Chamber of Commerce in the class action over the damage caused by the Deepwater Horizon spill. The Chamber supports BP — against small U.S. businesses — in trying to […]

District court rules in case against Facebook about minors and California Family Code

As we've discussed, briefing is underway before the Ninth Circuit in an appeal regarding the settlement of a class action against Facebook (Fraley v. Facebook) for using its members' images for advertising without their consent — including the images of minors without their parents' consent. In a related development, yesterday the same judge in the […]