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On July 21, we noted the Consumer Financial Protection Bureau's 3-year anniversary. If you want some detail on what the CFPB has been up to, over a wide-range of topics, read Ed Mierzwinski's The CFPB at Three: A Child Prodigy.
A judge on the U.S. Court of Federal Claims has ruled that the government violated the Fair Labor Standards Act by waiting until after the fall 2013 government shutdown was over to pay federal workers. Plaintiffs' counsel estimates that up to 1.3 million workers could be affected, the Post reports. Read the opinion, largely denying […]
Anne Fleming of Georgetown has written The Rise and Fall of Unconscionability as the 'Law of the Poor,' 102 Georgetown Law Journal No. 5 (2014). Here's the abstract: What happened to unconscionability? Here’s one version of the story: The doctrine of unconscionability experienced a brief resurgence in the mid-1960s at the hands of naive, left-liberal, […]
We all know weddings can get expensive, but here's something most couples do not budget for: fines charged by the hotel if a wedding guest leaves a negative review online. Astonishingly, that's what the website of the Union Street Guest House in Hudson, N.Y., promised guests the hotel would do, according to this story in […]
Law prof Linda Mullenix addresses that issue in Designing Compensatory Funds: In Search of First Principles. Here is the abstract: The World Trade Center Victims’ Compensation Fund of 2001 ushered in a new age of fund approaches to resolving claims for mass disasters in the United States. Since then, numerous funds have been created following […]
by Jeff Sovern An American Banker article this week (behind paywall) noted that payday lending has been the subject of only one percent of the complaints to the CFPB complaint database. According to the article: "The 1% figure for payday is very low… I think the CFPB is probably surprised, or at least disappointed," said […]
The "INTERNATIONAL JOURNAL ON CONSUMER LAW AND PRACTICE, published by the National Law School of India University (NLSIU), Bangalore, has issued a call for papers. The deadline is September 1. More information below the fold.
Teresa Schmid has written The Lawyer-Rent Seeker Myth and Public Policy. Here is the abstract: Two enduring fallacies in public policy are that lawyers are rent seekers who impair rather than stimulate the economy, and that there are too many of them. While lawyers may disagree with the first premise, they tacitly accept the second. […]