Senators Warren and McCain have introduced legislation to prevent banks from engaging in certain financial speculation. Its explained in this article by Peter Eavis. Here's a brief excerpt: Senator Elizabeth Warren on Thursday introduced an aggressive piece of legislation that intends to take the financial industry back to an era when there was a strict […]
Following up on Allison's post about a tentative deal in the Senate on student-loan interest rates, this Bloomberg story spells it out. Here are the basics, including a description of what has already been passed in the House: The House-passed plan, H.R. 1911, would charge students 2.5 percentage points more than the yield of the […]
Following up on Brian's post early this morning about a failed Senate bill that would have rolled back the student-loan interest rate that doubled earlier this month: CNN is reporting that a "bipartisan groups of senators have reached a tentative deal to help students facing the doubled interest rate."
Wal-Mart has been thinking about putting at least three large stores in the District of Columbia and had spent a chunk of money in the planning phase. Meanwhile, the D.C. City Council has been considering minimum-wage legislation that would require certain large retailers, including Wal-Mart, to pay its workers at least $12.50 per hour (or […]
by Jeff Sovern This is completely self-serving, but law professor readers of this blog may be interested to learn that the fourth edition of our casebook, Consumer Law, Cases and Materials, Fourth Edition is now available. As I said in April, our goal was to continue comprehensive coverage of core consumer law subjects (like deceptive advertising, Truth in Lending, […]
We reported earlier that the interest rate for new federal student loans doubled from 3.4% to 6.8% on July 1 because Congress failed to agree on new legislation. The Senate tried again yesterday, but again failed. A bill sponsored by Senate Democrats would have brought the rate back down to 3.4% for one year, retroactive […]
My colleagues Greg Beck and Brian Wolfman have blogged here several times about the fight over the FDA's graphic cigarette warnings, which were invalidated by the D.C. Circuit on First Amendment grounds. Other countries, however, are continuing to require graphic warnings. And now from Australia comes the fascinating news that the new graphic warnings there […]
The Dodd-Frank financial reform legislation remains under assault in the Republican controlled House of Representatives. At a hearing yesterday before the House Financial Services Committee's subcommittee on Oversight and Investigations, law professor Thomas Merrill and lawyer C. Boyden Gray testified that certain aspects of Dodd-Frank are likely unconstitutional. Merrill's testimony is here and Gray's testimony […]
The case was brought by our own U.S. Department of Justice. Read about it here.