The Consumer Financial Protection Bureau has issued a report examining the growth of financial transactions in online video games and virtual worlds. “These platforms increasingly resemble traditional banking and payment systems that facilitate the storage and exchange of billions of dollars in assets, including virtual currencies. However, consumers report being harmed by scams or theft […]
The Federal Trade Commission is sending nearly $62 million in refunds to sellers deceived by advertising and marketing claims made by online real estate business Opendoor Labs, Inc. According to the FTC’s August 2022 complaint, Opendoor cheated home sellers by tricking them into thinking that they could make more money selling their home to Opendoor than […]
Andrea J. Boyack of Missouri has written Abuse of Contract: Boilerplate Erasure of Consumer Counterparty Rights, Iowa Law Review, Forthcoming. Here’s the abstract: Contract law and the new Restatement of the Law of Consumer Contracts generally treats the entirety of the company’s boilerplate as presumptively binding. Entrusting the content of consumer contracts to companies creates a […]
March 31 was this weekend, and, as is customary in the D.C. federal district court, that meant a huge number of decisions over the last two weeks so judges could avoid appearing on the dreaded CJRA “six-month” list. In one such long-awaited decision, Judge Leon granted PayPal summary judgment in its challenge to a 2016 […]
We received the following announcement: Join us in a discussion from diverse perspectives on how the National Association of Realtors settlement will affect the real estate industry Friday, April 12, 2024 | 12:30 to 4 pm (CT) Walter F. Mondale Hall Room 30, Sub-plaza (In-person) 229 19th Avenue South Minneapolis, Minnesota In-person – or – […]
As many of us feared, those who support student loan debt have used the Supreme Court’s rejection of the Biden administration’s broad-based loan cancellation scheme to attack any debt relief offered by the Department of Education, regardless of statutory basis or how targeted it may be. Yesterday, in a rambling complaint including, for some reason, […]
Texas federal courts (and the Fifth Circuit) have become the go-to venues for industry groups to file legal challenges against recently released federal regulations. But yesterday, the District Court for the Northern District of Texas transferred Chamber of Commerce v. Consumer Fin. Prot. Bureau – a case where the Chamber and others are contesting the […]
In 2019, New Jersey amended its state fair credit reporting act to require national credit reporting agencies to provide, upon request, credit file disclosures to New Jersey consumers in certain languages other than English. An industry association sued, alleging the statute was preempted by the federal fair credit reporting act, and violated the First Amendment. […]
Available here, the article explains the history of additional fees added by D.C. restaurants, the rationales given by supporters and defenders, and the status of enforcement and litigation efforts.
Consumer Financial Protection Bureau, Consumer Law Scholarship, Unfair & Deceptive Acts & Practices (UDAP), including Discrimination
Consumer Finance Monitor Podcast: The Consumer Financial Protection Bureau’s Use of Unfairness to Regulate Discriminatory Conduct: A Discussion of the Consumer and Industry Perspectives
Here. I spoke about my recent article, Is Discrimination Unfair?, on the podcast.