At the Regulatory Review, Trevor Kirby discusses the Consumer Financial Protection Bureau’s proposal to create a public registry of agency and court orders against these nonbank financial companies. The post is here.
The Consumer Financial Protection Bureau issued a request for information seeking public feedback on how the consumer credit market is functioning as part of a biennial review of the industry. The CFPB is seeking more and current information on various aspects of the consumer experience with credit cards. Congress enacted the Credit Card Accountability Responsibility […]
In 2019, DOJ’s Antitrust Division opened an investigation into practices and policies of the National Association of Realtors (NAR) — the trade and lobbying group representing most of the nation’s real estate agents, brokers, and other professionals, and defendant in several earlier antitrust cases. Among the practices DOJ sought to investigate were NAR’s “clear cooperation […]
The Justice Department and eight states sued Google today, alleging that the company has a monopoly over the online advertising market that violates the antitrust laws. The lawsuit, filed in the Eastern District of Virginia, aims to have Google’s dominance in the online ad marketplace broken up by having a court compel the company to […]
Gothamist reports: Restaurants and food delivery services will be barred from providing plastic knives, forks and condiment packets unless customers specifically request them, if a bill passed by the New York City Council Thursday goes into effect. The bill aims to curb single-use plastic waste that can’t be recycled. Approximately 1.1 million pounds of single-use […]
Late last week we filed an amicus brief in an Ohio court case in which the City of Beachwood is financing litigation, purportedly seeking to recover damages for the police chief based on an anonymous email and a handful of anonymous posts to the police department’s Facebook page that denigrated the police chief’s leadership. We […]
Tobacco companies have long fought regulatory action to protect consumer health and safety, and while there has been a shift from smokeable products to “e-cigarettes,” the legal battles continue. In 2016, the FDA issued a rule deeming e-cigarettes “new tobacco products,” and requiring manufacturers to submit premarket tobacco product applications (“PMTAs”) before they could sell […]
The Federal Trade Commission has been busy the past few days: FTC Finalizes Order Requiring Credit Karma to Pay $3 Million and Halt Deceptive ‘Pre-Approved’ Claims (Jan. 23, 2023) FTC Order Requires HomeAdvisor to Pay Up To $7.2 Million and Stop Deceptively Marketing its Leads for Home Improvement Projects (Jan. 23, 2023) FTC Order Requires […]
American Banker’s Kate Berry reports in an article titled Could credit card late fees drop to $10? (behind paywall but probably available on Lexis) that the CFPB is expected to issue a proposal soon that would cut credit card late fees sharply. Under the Credit CARD Act of 2009, credit card late fees must be […]
My latest, co-authored with Nahal Heydari. It may be behind a paywall, but should soon be available on Lexis. It’s based on our article, Not-So-Smartphone Disclosures, which reports on the results of a survey of consumer understanding of credit card disclosures on smartphones and other computers. Here’s an excerpt: If we had graded the consumers by […]