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Jeff Sovern
Recent Activity
Wenli Li of the Philadelphia Fed, Ishani Tewari of the Yale School of Management, and Michelle J. White of California, San Diego's Department of Economics and the National Bureau of Economic Research have written Using Bankruptcy to Reduce Foreclosures: Does... Continue reading
Posted 5 days ago at CL&P Blog
Robert C. Hockett of Cornell has written 'We Don't Follow, We Lead': How New York City Will Save Mortgage Loans by Condemning Them, 124 Yale Law Journal Forum 131 (2014). Here is the abstract: This brief invited essay lays out... Continue reading
Posted Dec 7, 2014 at CL&P Blog
by Jeff Sovern The press release is here. The rules themselves are here. Law360's Evan Weinberger reports here on whether they might become a model for the CFPB or other states. I am very curious to see how effective the... Continue reading
Posted Dec 4, 2014 at CL&P Blog
Here. An excerpt: Right now, the CFPB is finishing up the second phase of its study, which will hone in on consumers' understanding of arbitration clauses. At that point, it will decide whether it needs to act. If the bureau's... Continue reading
Posted Nov 30, 2014 at CL&P Blog
Alan Schwartz of Yale has written Regulating for Rationality, Forthcoming in the Stanford Law Review. Here's the abstract: Traditional consumer protection law responds with various forms of disclosure to market imperfections that are the consequence of consumers being imperfectly informed... Continue reading
Posted Nov 21, 2014 at CL&P Blog
Amy Schmitz of Colorado has written Females on the Fringe: Considering Gender in Payday Lending Policy, 89 Chicago-Kent Law Review (2014). Here's the abstract: Payday lending may provide a much-needed safety net for some consumers in need of quick cash... Continue reading
Posted Nov 19, 2014 at CL&P Blog
by Jeff Sovern My coauthor, Paul Kirgis, has posted an excellent response to Alan S. Kaplinsky and Mark J. Levin's comments on the CFPB Monitor on our arbitration study. His response also has the virtue of being briefer than mine.... Continue reading
Posted Nov 16, 2014 at CL&P Blog
by Jeff Sovern Alan S. Kaplinsky and Mark J. Levin, in their comments at the CFPB Monitor, wrote about the contract we showed the survey respondents: "The hypothetical card agreement used in the St. John’s study did not even contain... Continue reading
Posted Nov 14, 2014 at CL&P Blog
by Jeff Sovern I am pleased to report that Ballard Spahr’s Alan Kaplinsky and Mark Levin have commented on our arbitration study at their very informative and useful blog, CFPB Monitor (We’re still in the stage of soliciting comments and... Continue reading
Posted Nov 12, 2014 at CL&P Blog
by Jeff Sovern The Times reported yesterday Takata Saw and Hid Risk in Airbags in 2004, Former Workers Say. Last weekend, the Philadelphia Inquirer's Jeff Gelles weighed in with Safety agency is failing the public on air bags. One sidenote:... Continue reading
Posted Nov 8, 2014 at CL&P Blog
by Jeff Sovern Some readers of our blog will no doubt be familiar with Nobel prize-winning physicist Richard Feynman from his popular books, What Do You Care What Other People Think? or Surely You're Joking, Mr. Feynman! Others will remember... Continue reading
Posted Nov 7, 2014 at CL&P Blog
by Jeff Sovern As to the eight questions that had right or wrong answers: Only two respondents answered all eight questions correctly out of 663 who answered all eight questions. 117 did not answer any of the questions correctly. That’s... Continue reading
Posted Nov 6, 2014 at CL&P Blog
by Jeff Sovern Last week I posted the abstract for our study, 'Whimsy Little Contracts' with Unexpected Consequences: An Empirical Analysis of Consumer Understanding of Arbitration Agreements. I want to discuss today some of what we learned about respondent awareness... Continue reading
Posted Nov 5, 2014 at CL&P Blog
by Jeff Sovern Last week I posted the abstract for our study, 'Whimsy Little Contracts' with Unexpected Consequences: An Empirical Analysis of Consumer Understanding of Arbitration Agreements. The abstract observed that many respondents think that form contracts can't strip consumers... Continue reading
Posted Nov 4, 2014 at CL&P Blog
by Jeff Sovern Last week I posted the abstract for our study, 'Whimsy Little Contracts' with Unexpected Consequences: An Empirical Analysis of Consumer Understanding of Arbitration Agreements. But the abstract doesn't come close to capturing all the interesting findings. I... Continue reading
Posted Nov 3, 2014 at CL&P Blog
. . . and finds Pennsylvania's law wanting in his column, N.J. wrong to consider weakening consumer protection. An interesting natural experiment. Continue reading
Posted Oct 31, 2014 at CL&P Blog
by Jeff Sovern Elayne Greenberg, Paul Kirgis, Yuxiang Liu, and I have posted a draft of our article, "Whimsy Little Contracts" with Unexpected Consequences: An Empirical Analysis of Consumer Understanding of Arbitration Agreements, to the web. Here's the abstract: Arbitration... Continue reading
Posted Oct 31, 2014 at CL&P Blog
Here. New School professor Lisa Servon, based on her forthcoming book. Continue reading
Posted Oct 30, 2014 at CL&P Blog
Cheryl B. Preston of Brigham Young has written 'Please Note: You Have Waived Everything': Can Notice Redeem Online Contracts? Forthcoming in the American University Law Review. Here is the abstract: Online consumers are largely unaware of the extent to which... Continue reading
Posted Oct 29, 2014 at CL&P Blog
Here. An excerpt: There's been a concerted move to the right by the banking industry since the passage of the Dodd-Frank Act in 2010. The industry already tilted slightly Republican for years, but there's been a more distinctive shift over... Continue reading
Posted Oct 28, 2014 at CL&P Blog
Bloomberg story here, and here is one from InsideArm.com. Continue reading
Posted Oct 28, 2014 at CL&P Blog
Nathalie Martin of New Mexico has written Public Opinion and the Limits of State Law: The Case for a Federal Usury Cap, 34 North Illinois University Law Review (2014). Here's the abstract: This Article calls on Congress to set a... Continue reading
Posted Oct 26, 2014 at CL&P Blog
by Jeff Sovern This is not consumer law, but perhaps readers of the blog will appreciate some Civil Procedure humor. I asked my CivPro students to write haikus about the course. Some samples: Minimum contacts Then to hell with sovereignty... Continue reading
Posted Oct 23, 2014 at CL&P Blog