Cathy Lesser Mansfield of Case Western Reserve has written It Takes a Thief….and a Bank: Protecting Consumers from Fraud and Scams on P2P Payment Platforms. Here’s the abstract: This Article proposes statutory and regulatory changes to the Electronic Fund Transfer Act; Regulation E; and the Bank Secrecy Act/Anti-Money Laundering regulations to protect consumers who use instant […]
So reports Bryan Koenig at Law360. Meador is a partner at Kressin Meador Powers and according to his bio has served at the FTC, DOJ and as a staffer for the Senate Judiciary Committee. He has considerable antitrust experience but I’m not sure what experience, if any, he has in consumer protection. Ferguson has been […]
Recently we blogged about Elon Musk’s call to delete the CFPB. Musk was responding to an interview by Marc Andreesen on Joe Rogan’s podcast in which Andreesen attacked the CFPB as “sort of Elizabeth Warren’s personal agency that she gets to control … it’s an independent agency that just gets to . . . do what […]
David Horton of California, Davis has written Accidental Arbitration, 102 Wash. U. L. Rev. — (forthcoming 2025). Here’s the abstract: The Supreme Court’s muscular interpretation of the Federal Arbitration Act (FAA) has encouraged businesses to insert arbitration clauses in untold millions of contracts. However, this Article explores a subtler way in which arbitration’s kingdom is […]
. . . on Ballard Spahr’s Consumer Finance Monitor Podcast, here.
For two decades airlines have used and profited from their “unbundling” strategy—charging separately for individual products and services that were once included in the price of a plane ticket. Just in time for the holidays, Sen. Richard Blumenthal, chair of the U.S. Senate Permanent Subcommittee on Investigations (PSI), last week released a Majority staff report […]
More information here. Guests include former CFPB director Kathy Kraninger and former CFPB senior staffer David Silberman. Ballard Spahr will conduct the sessions.
Earlier today, Elon Musk posted on X, formerly known as Twitter, that the CFPB should be deleted as a duplicative regulatory agency. I’m not sure why Musk considers the CFPB duplicative or what he thinks it is duplicative of (or if he himself knows), but it is simply wrong to call the CPB duplicative. Some […]
Earlier this month, the Department of Treasury’s Office of Inspector General issued a report on refund advance and refund transfer products sold to taxpayers, finding that nearly 16% of taxpayers used such products for the 2023 tax year– with nearly 80% of those taxpayers having worked with just 7 tax return preparation companies. The report […]
In September, I blogged about a Pennsylvania Supreme Court decision to review an intermediate appellate court decision holding that Uber’s “clickwrap” arbitration agreement was not enforceable under Pennsylvania law, as mutual assent was lacking based on the way it was presented to a user. Today, the New York Court of Appeals issued its own decision […]