Here. The top 10 complaint categories include: Category Number of Complaints Percentages Identity Theft 290,056 14% Debt Collection 204,644 10% Banks and Lenders 152,707 7% Imposter Scams 121,720 6% Telephone and Mobile Services 116,261 6% Prizes, Sweepstakes, and Lotteries 89,944 4% Auto Related Complaints 82,701 4% Shop-at-Home and Catalog Sales 66,024 3% Television and Electronic […]
Despite her history of backing measures on the leading edge of the conservative agenda (such as the controversial immigration law S.B. 1070, later invalidated in part by the Supreme Court), Arizona's Republican Governor Jan Brewer yesterday vetoed a bill that would have permitted discrimination against LGBT customers by business owners who cited religious reasons for […]
The Consumer Financial Protection Bureau announced yesterday that it has sued ITT Educational Services, Inc., accusing the for-profit college chain of predatory student lending. We believe that ITT used high-pressure tactics to push many students into expensive private student loans that were likely to end in default. This is our first public enforcement action against […]
by Jeff Sovern Housing Wire reports in Congressional Republicans mull bill to add CFPB oversight, that the House will vote this week on a bill to replace the CFPB's director with a commission and subject it to the congressional appropriation process. The bill is not expected to receive a warm welcome in the Senate or at […]
Those are the topics considered in law teacher Joseph Singer's new article Foreclosure and the Failures of Formality, or Subprime Mortgage Conundrums and How to Fix Them. Start with the abstract: The subprime mortgage crisis was not only an economic disaster but posed challenges to traditional rules of property law. Banks helped create the crisis […]
That's the topic of Why Who Does What Matters: Governmental Design, Agency Performance, the CFPB and PPACA by law teachers David Hyman and William Kovacic. Here's the abstract: How should the federal government be organized – and who (i.e., which departments, agencies, bureaus, and commissions) should do what? The issue is not new: President James […]
In August we posted a link to a paper Albany's Elizabeth Renuart had written, Uneasy Intersections: The Right to Foreclose and the U.C.C., 48 Wake Forest L. Rev. 1205 (2013), The paper has already drawn more than 500 downloads. An updated version is now available. Here is the revised abstract: Historically, the practice of […]
Here. Tim Danahey interviews Theresa Amato of Fair Contracts.org and Citizen Works. Theresa discusses how consumer contracts reduce consumers to "contract serfdom" and also explores issues governing arbitration clauses. Worth a listen, and if you are teaching consumer law this semester, this merits passing on to students as a painless way to learn about consumer protection […]
The Real News Network has produced Will a $10 Minimum Wage Get All Working Americans Out of Poverty? As its title suggests, RNN's story addresses whether President Obama and the Democratic party's proposal to take the minimum wage to $10.10 per hour will provide a non-poverty-level wage. To watch the story, you can click on […]
by Jeff Sovern There's been a lot of discussion recently about whether the Post Office should offer banking services. The idea is that it could serve the unbanked, and that its many existing branches would cover the entire country (Disclosure: one of my brothers works for the Postal Service, though we haven't discussed this idea). For […]