Yesterday, the Consumer Financial Protection Bureau warned credit-card companies through this Bulletin not to attract new customers with deceptive interest-rate deals that are too good to be true. Here's how CFPB head Richard Cordray put it: Credit card offers that lure in consumers and then hit them with surprise charges are against the law. Before […]
I was surprised to learn, as the National Law Journal reported today: The recent settlement of the long-running legal dispute over modernization of the U.S. Supreme Court building included a pledge by the government not to give the contractor any negative ratings. Read more here (subscription required). I imagine it's unusual to see an entity […]
I thought our readers might be interested in this story by legal reporter Adam Liptak about how some facts are determined in the Supreme Court. Like any court, the Supreme Court wants to understand the facts relevant to the legal issues. It also wants to know how its decision, one way or the other, might […]
Check out this story from a recent episode of This American Life, with a tale of what happens in court when a debtor being sued insists on seeing evidence of the debt.
We told you yesterday about the online merchant Accessory Outlet, which demanded $250 from a consumer and told her she was "playing games with the wrong people" after the consumer said she would contact her credit card company about a transaction with Accessory Outlet. Now, Consumerist has compiled some additional, telling information — turns out, […]
Taking aim at some of the key causes of the financial crisis, the SEC approved rules on Wednesday that would require issuers of asset-backed securities — complex investments based on mortgages, auto loans or other types of debt — to disclose more information about the underlying loans. The rules are meant to help investors better […]
Joel R. Reidenberg, N. Cameron Russell, Alexander J. Callen, Sophia Qasir, and Thomas B. Norton, all of Fordham, have written Privacy Harms and the Effectiveness of the Notice and Choice Framework. Here is the abstract: In the last fifteen years, the Federal Trade Commission and the White House have promoted notice and choice as the […]
The march of the non-disparagement clauses continues. This time the business is Accessory Outlet, another web-based retailer. Its terms (fine print, as usual) prohibit “any complaint, chargeback, claim, dispute,” or “any public forum post, review, Better Business Bureau complaint, social media post, or any public statement regarding the order,” or threats to take any of […]
We have posted a number of times about self-driving cars, including about how they'll be regulated. Go, for instance, here, here, and here. So, now, read this article by Ashley Halsey III about a spin around D.C. in a driverless car. And, then, read the 15 things you need to know about driverless cars,including when […]
So, you want to buy a used or new car. How do you tell whether the vehicle has been recalled and whether the repair associated with the recall has been completed? Given the large number of high-volume recalls in the last few years, used cars in particular may be the subject of recalls, and you'll […]