Mark Budnitz on Mobile Financial Services

Mark Elliott Budnitz of Georgia State has written Mobile Financial Services: The Need for a Comprehensive Consumer Protection Law, 27 Banking & Finance Law Review (2012).  Here's the abstract: The article first describes mobile financial services for consumers and the types of companies participating in the provision of those services. Anticipated consumer problems are explored, […]

Supreme Court Grants Review in Generic Drug Preemption Case

By Brian Wolfman In 2009, the Supreme Court held 6-3 in Wyeth v. Levine that, in general, FDA approval of a brand-name prescription drug and its labeling does not preempt a state-law damages claim premised on the drug manufacturer's failure to warn of the drug's hazards. I wrote an article on the implications of that […]

Ralph Nader: Congress Should Enact a Speculation Tax to Narrow the Federal Deficit

Ralph Nader explains in this op-ed that Congress should impose a small tax on trades of stocks and other financial products, such as derivatives. The tax would never exceed 1/2 of 1 percent of the value of the traded product, with the hardest hit on short-term investments. Here's an excerpt: In the debate over the […]

Looking Back on David Vladeck’s Soon-to-be-Completed Tenure at the FTC

Next month, David Vladeck will a leave the helm of the FTC's Bureau of Consumer Protection–by all accounts reinvograted under his dynamic leadership–to go back to Georgetown Law. Jeff Gelles, the Philadelphia Inquirer's consumer columnist, attempts to sum up David's tenure in a piece entitled "Consumer chief leaves FTC a feistier place." A snippet: Speaking […]

Times Magazine Asks Who Do Online Advertisers Think You Are?

by Jeff Sovern Here.  The piece is by GW's Jeffrey Rosen and explores how online marketers gather and use information about consumers.  Rosen describes how he visited different web sites using two different browsers, as a result of which one online marketer, BlueKai, created two inconsistent personae for him.  BlueKai, incidentally, allows consumers to see […]

Solove Paper on Privacy Self-Management vs. Paternalism

Daniel J. Solove of GW has written Privacy Self-Management and the Consent Paradox, 126 Harvard Law Review (2013).  Here's the abstract: The current regulatory approach for protecting privacy involves what I refer to as the “privacy self-management model” – the law provides people with a set of rights to enable them to decide for themselves […]

Crushing Student Loan Delinquency

We've covered the issue of the nation's huge student loan debt many times before. Many people are way behind on their payments and nearly all of the loans are made by or guaranteed by the federal government. This Wall Street Journal article explains the current situation. Here's an excerpt that describes differences between student loan debt […]