Then listen to this episode of Ballard Spahr’s Consumer Finance Monitor podcast.
In an opinion issued yesterday in Cantero v. Bank of America, the Second Circuit held that New York’s law requiring 2% interest payments on mortgage escrow accounts is preempted under the National Bank Act, because it “significantly interferes” with federal law, which allows federally chartered national banks to offer mortgage-escrow accounts without requiring them to […]
Here or go to Pete Barry featured on ABC’s 20/20 & Nightline – YouTube. Painful listening. Another reason we need an actual CFPB.
The survey was conducted by the Goldberg Law Group. Only 16% of Americans say they read every word of a contract. I very much doubt it’s even that high. Almost certainly some of the people who said they read every word were too embarrassed to say they didn’t. For example, when I polled consumer financial […]
The last few years have had several decisions from state and federal courts of appeals addressing when “clickwrap” or “browsewrap” arbitration agreements are enforceable. “A clickwrap agreement requires a user to check a box or click a button to acknowledge acceptance of the agreement’s terms and conditions,” and “a browsewrap agreement contains hyperlinked terms, and […]
Here’s the latest announcement: The UC Berkeley Center for Consumer Law & Economic Justice and the Alexander Blewett III School of Law at the University of Montana are proud to present the fourteenth biennial international Teaching Consumer Law Conference. We are also excited to announce that this conference will constitute the first-ever North American (and Caribbean/Central American) […]
by Brandon Ballou. It’s available here. Ballou also has a guest essay in the Times, He Signed Away His Right to Sue by Subscribing to Disney+. Excerpt from the essay: * * * In small claims courts, consumers win as often as 89 percent of the time. Before the two leading U.S. arbitration providers, consumers […]
So Amanda Bronstad reports at Law.com in Federal Roundup Judge Refuses to Step Into ‘Mind-Boggling’ $7.25B Class Settlement. Excerpt: [Judge] Chhabria said, “You have a meeting with the judge on the day you filed it, a prearranged meeting with the judge on the day you filed it. You say it was in open court, but it […]
The “One Big Beautiful Bill Act” rushed through Congress last year included a number of major changes to the federal student loan system. Many of those changes required rulemaking by the Department of Education (via a negotiated rulemaking process), and, today, the Department finalized one set of rules. The rules published today (1) implement OBBBA’s […]
On May 14 – 15 at George Mason’s Antonin Scalia Law School’s Institute for Consumer Financial Choice. More information here. Here’s some of what appears there: The Future of Consumer Financial Protection: A Two-Day FTC/ICFC Colloquium on the 5th Anniversary of the Consumer Financial Protection Bureau’s Taskforce on Federal Consumer Financial Law The first afternoon’s registration begins at 11:45 and a […]