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Jeff Sovern
Recent Activity
Catherine Lee Wilson of Nebraska has written Making Prepaid Safe for Consumers: A Framework for Providing Deposit Insurance and Regulation E Protections, Forthcoming in the University of Pennsylvania Journal of Business Law. Here's the abstract: General purpose reloadable prepaid cards... Continue reading
Posted 2 hours ago at CL&P Blog
by Jeff Sovern Here. Disclosure: the story quotes me and discusses my article on cooling-off periods. Continue reading
Posted 3 days ago at CL&P Blog
Frank Pasquale of Maryland has a terrific op-ed in today's Times, The Dark Market for Personal Data, about lists of consumers with various characteristics. An excerpt: There are three problems with these lists. First, they are often inaccurate. For example,... Continue reading
Posted 5 days ago at CL&P Blog
by Jeff Sovern The op-ed is here, at Except that if you want to find out why everything Warren said is wrong, maybe the op-ed wouldn't be the place to look. Here's the lead: Why do people borrow? To... Continue reading
Posted 7 days ago at CL&P Blog
Thomas A. Durkin and Gregory Elliehausen, both of the Fed, and Todd J. Zywicki of George Mason have written An Assessment of Behavioral Law and Economics Contentions and What We Know Empirically About Credit Card Use by Consumers. Here is... Continue reading
Posted Oct 11, 2014 at CL&P Blog
Julia S. Cheney, Robert M. Hunt, Vyacheslav Mikhed, and Dubravka Ritter all of the Philadelphia Fed, have written Identity Theft as a Teachable Moment. Here is the abstract: This paper examines how instances of identity theft that are sufficiently severe... Continue reading
Posted Oct 11, 2014 at CL&P Blog
The main story is here, and sidebars on efforts to silence internet critics can be found here (quoting fellow blogger Scott Michelman) and here. An excerpt: [The consumers] agreed to pay $16,600 in principal and interest, with seven years of... Continue reading
Posted Oct 11, 2014 at CL&P Blog
Quoting from the CFP: The 15th conference of the International Association of Consumer law is organized on the theme of “Virtues and Consumer Law”. We kindly invite participants from all around the world to submit an abstract of a paper... Continue reading
Posted Oct 6, 2014 at CL&P Blog
Debra Pogrund Stark of John Marshall,Jessica M. Choplin of DePaul University, Mark A. LeBoeuf of DePaul and Andrew G. Pizor of the National Consumer Law Center have written Dodd-Frank 2.0: Creating Interactive Home-Loan Disclosures to Enable Shrewd Consumer Decision-Making, forthcoming... Continue reading
Posted Oct 3, 2014 at CL&P Blog
Danielle Kie Hart of Southwestern has written Form & Substance in Nancy Kim's Wrap Contracts, 44 Southwestern University Law Review (2014 Forthcoming). Here's the abstract: Nancy Kim’s book, Wrap Contracts, is ambitious and well worth reading. Kim coins the term... Continue reading
Posted Oct 2, 2014 at CL&P Blog
by Jeff Sovern Last week, Brian posted a link to a NY Times story about the use of devices that auto lenders can activate to prevent a car from starting when a consumer has defaulted on a payment. In response,... Continue reading
Posted Oct 1, 2014 at CL&P Blog
The Times has the story under the headline Tougher Shield for Soldiers Against Predatory Lenders. The proposed regulation closes loopholes like these described in the Times story: The law set a 36 percent interest rate cap on a range of... Continue reading
Posted Sep 29, 2014 at CL&P Blog
Raymond H. Brescia and Nicholas M. Martin, both of Albany have written The Price of Crisis: Eminent Domain, Local Governments, and the Value of Underwater Mortgages, forthcoming in 24 Temple Political & Civil Rights Law Review (2014). Here's the abstract:... Continue reading
Posted Sep 26, 2014 at CL&P Blog
Michael Lewis at Bloomberg View reports on a This American Life story on 46 hours of tapes secretly recorded by a Fed employee embedded at Goldman Sachs. An excerpt from Lewis's story: * * * In meetings, Fed employees would... Continue reading
Posted Sep 26, 2014 at CL&P Blog
by Jeff Sovern Here. The symposium, on Ben-Shahar's and Schneider's More Than You Wanted to Know: The Failure of Mandated Disclosure, has been running since last week and features contributions by names that will be familiar to regular readers of... Continue reading
Posted Sep 24, 2014 at CL&P Blog
Lauren E. Willis of Loyola Los Angeles has written Performance-Based Consumer Law. Here is the abstract: When firm and consumer interests are not well-aligned, the resulting transactions are often lousy, whether one uses consumer autonomy or consumer welfare as the... Continue reading
Posted Sep 15, 2014 at CL&P Blog
by Jeff Sovern I am partial to Lee Child's Jack Reacher novels. I buy the audio books and listen to them while driving, doing mindless chores, etc. In the latest, Personal, Reacher and a companion are discussing the activities of... Continue reading
Posted Sep 11, 2014 at CL&P Blog
Rhonda Wasserman of Pittsburgh has written Future Claimants and the Quest for Global Peace, Forthcoming in 64 Emory Law Journal (2014), Here's the abstract: In the mass tort context, the defendant typically seeks to resolve all of the claims against... Continue reading
Posted Sep 7, 2014 at CL&P Blog
Eric Goldman of Santa Clara and Rebecca Tushnet of Georgetown have written Featuring People in Ads (2014 Edition) from Advertising & Marketing Law: Cases and Materials (2014 edition). Here's the abstract: This is a book chapter from the 2014 edition... Continue reading
Posted Sep 7, 2014 at CL&P Blog
Joel R. Reidenberg, N. Cameron Russell, Alexander J. Callen, Sophia Qasir, and Thomas B. Norton, all of Fordham, have written Privacy Harms and the Effectiveness of the Notice and Choice Framework. Here is the abstract: In the last fifteen years,... Continue reading
Posted Aug 27, 2014 at CL&P Blog
by Jeff Sovern Various advocates have been calling recently for the Postal Service to get back into banking to seve the unbanked or underbanked. The financial industry has largely opposed postal banking, preumably because it doesn't want the competition. One... Continue reading
Posted Aug 19, 2014 at CL&P Blog
by Jeff Sovern You know those bulletin boards you used to see at some doctors' offices with snapshots of babies they had either treated or delivered? Well, last week, the Times ran an article, Baby Pictures at the Doctor’s? Cute,... Continue reading
Posted Aug 18, 2014 at CL&P Blog
Ron Elwood has written The Verdict Is in: Payday Lending Is Guilty as Charged, Clearinghouse Review: the Journal of Poverty Law & Policy. Here's the abstract: The payday loan is symptomatic of the failure to provide access to reasonably priced... Continue reading
Posted Aug 17, 2014 at CL&P Blog