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Jeff Sovern
Recent Activity
Jay Tidmarsh of Notre Dame has written Auctioning Class Settlements, forthcoming in the William & Mary Law Review. Here's the abstract: Although they promise better deterrence at a lower cost, class actions are infected with problems that can keep them... Continue reading
Posted 6 days ago at CL&P Blog
I don't usually link to posts on Ballard Spahr's CFPB Monitor on the theory that our readers also read their blog (and if you don't, you should), but just in case that theory is incorrect as to some of our... Continue reading
Posted Apr 9, 2014 at CL&P Blog
Timothy E. Goldsmith of New Mexico's Psychology Department and Nathalie Martin at New Mexico's Law School have written Interest Rate Caps, State Legislation, and Public Opinion: Does the Law Reflect the Public's Desires? 89 Chicago-Kent Law Review (2014). Here's the... Continue reading
Posted Apr 9, 2014 at CL&P Blog
Here. I recommend the conference highly. Very informative. Continue reading
Posted Apr 7, 2014 at CL&P Blog
by Jeff Sovern In preparation for remarks at the University of Houston's Teaching Consumer Law Conference, to be held this year in Santa Fe in May, I asked my research assistant, Preston Postlethwaite, to review the web sites of the... Continue reading
Posted Apr 2, 2014 at CL&P Blog
No surprise, in view of past Republican attempts to cripple the CFPB by doing just that, but still an unfortunate proposal. The Hill has the story here. Continue reading
Posted Apr 2, 2014 at CL&P Blog
by Jeff Sovern Last week, the Senate Banking Committee held a hearing on Alternative Financial Products. The American Banker account is here, albeit behind a paywall. I found most interesting the payday lending discussion, and in particular the arguments made... Continue reading
Posted Apr 1, 2014 at CL&P Blog
Paul Harrison, Marta Massi & Kathryn Chalmers have written Beyond Door-to-Door: The Implications of Invited In-Home Selling, 48 J. Consumer Affairs 195 (2014). Here is the abstract: Over the past 20 years, consumer groups and policymakers have expressed concerns about... Continue reading
Posted Mar 31, 2014 at CL&P Blog
J Michael Collins has written Protecting Mortgage Borrowers through Risk Awareness: Evidence from Variations in State Laws, 48 J. Consumer Affairs 124 (2014). Here is the abstract: In the wake of historic levels of mortgage defaults, regulators have debated how... Continue reading
Posted Mar 30, 2014 at CL&P Blog
by Jeff Sovern The Journal of Consumer Affairs published my paper, Fixing Consumer Protection Laws So Borrowers Understand Their Payment Obligations, 48 Journal Consumer Affairs 17 (2014). Here is the abstract: The millions of consumers who defaulted on their mortgages... Continue reading
Posted Mar 29, 2014 at CL&P Blog
Larry Kirsch, Roert N. Mayer and Norman I. Silber of Hofstra have authored, The CFPB and Payday Lending: New Agency/Old Problem, 48 Journal of Consumer Affairs 1 (2014). Here's the abstract: The Dodd-Frank Act of 2010 brings nonbank payday lenders... Continue reading
Posted Mar 28, 2014 at CL&P Blog
Joshua Mitts of Sullivan & Cromwell has written How Effective is Mandatory Disclosure? Here's the abstract: Mandatory disclosure lies at the cornerstone of consumer protection law but its efficacy is unclear. I conduct one of the first online experiments on... Continue reading
Posted Mar 24, 2014 at CL&P Blog
The Georgetown Consumer Law Society and Citizen Works are hosting a symposium, Making the Fine Print Fair, at Georgetown on April 4 from 8:30 a.m. to 6:30 p.m. Speakers include FTC Chairwoman Edith Ramirez; Ralph Nader; Georgetown Dean William Treanor;... Continue reading
Posted Mar 23, 2014 at CL&P Blog
Not this hard! You can read about Theresa Amato's and my Don Quixote imitation here. Continue reading
Posted Mar 20, 2014 at CL&P Blog
Bruce Wardhaugh of the School of Law--Queen's University Belfast haas written Unveiling Fairness for the Consumer: The Law, Economics and Justice of Expanded Arbitration, forthcoming in the Loyola Consumer Law Review. Here is the abstract: In recent years, the US... Continue reading
Posted Mar 13, 2014 at CL&P Blog
The Consumer Eagle is a new entrant in coverage of consumer rights and consumer protection issues. It runs original reported content and also aggregates stories from elsewhere. Continue reading
Posted Mar 12, 2014 at CL&P Blog
Peter A. Holland of Maryland has written Junk Justice: A Statistical Analysis of 4,400 Lawsuits Filed by Debt Buyers, 26 Loyola Consumer Law Reporter 179 (2014). Here's the abstract: Debt buyers have flooded courts nationwide with collection lawsuits against consumers.... Continue reading
Posted Mar 10, 2014 at CL&P Blog
by Jeff Sovern In a column last week, The Wild West of Privacy, Times columnist Joe Nocera called for, among other things, regulating data brokers. In response, I wrote a letter to the Times, which they ran here. Here's what... Continue reading
Posted Mar 7, 2014 at CL&P Blog
Here. A look at the bigger picture, and a lot of sage advice. Continue reading
Posted Mar 6, 2014 at CL&P Blog
Dennis D. Hirsch of Capital has written In Search of the Holy Grail: Achieving Global Privacy Rules Through Sector-Based Codes of Conduct, 74 Ohio St. L.J. (2013). Here is the abstract: The movement of personal data across national borders is... Continue reading
Posted Mar 4, 2014 at CL&P Blog
Adam J. Levitin of Georgetown and Janneke Ratcliffe the University of North Carolina at Chapel Hill's Center for Community Capital have written Rethinking Duties to Serve in Housing Finance, in Homeownership Built to Last: Lessons from the Housing Crisis on... Continue reading
Posted Mar 3, 2014 at CL&P Blog
Susanna Montezemolo of the Center for Responsible Lending haas written Car-Title Lending. Here is the abstract: Provides an overview of car-title lending and its impact on U.S. households. Car-title lending — making expensive loans secured by the title of a... Continue reading
Posted Mar 3, 2014 at CL&P Blog
Here, in the Boston Fed's quarterly newsletter. Excerpt: The problems inherent to the business model are most starkly exposed in the context of lawsuits filed by debt buyers. On the one hand, the debt buyer acknowledges in the forward-flow agreement... Continue reading
Posted Mar 2, 2014 at CL&P Blog