This is Jeff Sovern's Typepad Profile.
Join Typepad and start following Jeff Sovern's activity
Join Now!
Already a member? Sign In
Jeff Sovern
Recent Activity
by Jeff Sovern So reports the NY Times. Excerpt: Vanderbilt University Medical Center, responding to a new Trump administration order to begin posting all hospital prices, listed a charge of $42,569 for a cardiology procedure described as “HC PTC CLOS... Continue reading
Posted 3 days ago at CL&P Blog
by Jeff Sovern Here, in Bloomberg. I'm afraid I didn't find it persuasive. He didn't respond to our argument that state courts often fail to discipline attorneys who violate ethical rules in debt collection matters, as well as other points... Continue reading
Posted 7 days ago at CL&P Blog
by Jeff Sovern The CFPB's former acting director, Mick Mulvaney, compared the Bureau's public database to Yelp and threatened to take it private, though he never did so. Director Kraninger has not made public her plans for the database, to... Continue reading
Posted Jan 4, 2019 at CL&P Blog
by Jeff Sovern Regular CFPB observers will recall that after Mulvaney took over as acting CFPB director, it took many months before the Bureau announced its first enforcement action. Well, the new director, Kathy Kraninger, has already announced her first... Continue reading
Posted Jan 3, 2019 at CL&P Blog
Alexander Tsesis of Loyola of Chicago has written Marketplace of Ideas, Privacy, and Digital Audiences, forthcoming in the Notre Dame Law Review. Here's the abstract: The availability of almost limitless sets of digital information has opened a vast marketplace of... Continue reading
Posted Dec 31, 2018 at CL&P Blog
by Jeff Sovern The FTC was expected to run out of funding to conduct most of its operations at some point today, according to the Washington Post. The FTC's shutdown is obviously bad news for consumers. My understanding is that... Continue reading
Posted Dec 28, 2018 at CL&P Blog
Excerpts from the announcement: The Janet D. Steiger Fellowship Project provides law students the extraordinary opportunity to work in the consumer protection departments of state and territorial Offices of Attorneys General and other consumer protection agencies, including the National Association... Continue reading
Posted Dec 28, 2018 at CL&P Blog
by Jeff Sovern That's the title of my essay my colleague Gina Calabrese and I wrote here in Bloomberg Law. Excerpt: The ABA argues that consumers don’t need protection from unscrupulous lawyers because lawyers are already subject to state ethics... Continue reading
Posted Dec 6, 2018 at CL&P Blog
WaPo has the story here. The government is also considering other debt collection initiatives, as noted in the article. Continue reading
Posted Dec 3, 2018 at CL&P Blog
Kenneth P. Brevoort, Jasper Clarkberg, Michelle Kambara, and Benjamin Litwin, all currently or formerly at the CFPB, have written The Geography of Credit Invisibility. Here's the abstract: This study builds on the Bureau’s earlier work and examines the relationship between... Continue reading
Posted Dec 2, 2018 at CL&P Blog
Here, in The Hill. Excerpt: Senators voted 50-49, along party lines, to end debate on Kathy Kraninger’s nomination to be the next CFPB director, with no Democrats supporting her. Kraninger is likely to be confirmed next week after a contentious... Continue reading
Posted Nov 29, 2018 at CL&P Blog
The International Association of Consumer Law has put out a call for papers for its 17th Annual Conference to take place in Indianapolis, Indiana on June 13-15, 2019. The theme is “Innovation and the Transformation of Consumer Law.” The abstract... Continue reading
Posted Nov 27, 2018 at CL&P Blog
by Jeff Sovern With the Democrats' capture of the House, Maxine ("Auntie Maxine") Waters is expected to chair the House Financial Service Committee in the new Congress. South Carolina's Patrick McHenry has tossed his hat in the ring to be... Continue reading
Posted Nov 23, 2018 at CL&P Blog
by Jeff Sovern The federal Fair Debt Collection Practices Act provides consumers a variety of protections. Collectors, for example, are barred from making false statements and engaging in unfair practices, and are obliged to give consumers certain disclosures. But the... Continue reading
Posted Nov 14, 2018 at CL&P Blog
by Jeff Sovern Regular readers of the blog know that we often write about the ineffectiveness of disclosures, and plenty of others have the same complaint. But here's a bit of good news: a study by Michael Grubb, Paul Adams,... Continue reading
Posted Nov 12, 2018 at CL&P Blog
Ann M. Burkhart of Minnesota has written Fixing Foreclosure, 36 Yale Law & Policy Review (2018). Here is the abstract: Since the American Revolution, mortgage foreclosures have consisted of a public auction of the mortgaged property. Judges and state legislators... Continue reading
Posted Nov 11, 2018 at CL&P Blog
Camilla E. Watson of Georgia has written Federal Financing of Higher Education at a Crossroads: The Evolution of the Student Loan Debt Crisis and the Reauthorization of the Higher Education Act of 1965. Here is the abstract: Currently, there are... Continue reading
Posted Nov 9, 2018 at CL&P Blog
Yonathan A. Arbel of Alabama has written Reputation Failure: Market Discipline and Its Limits. Here is the abstract: Free-market advocates seek to repeal broad swaths of tort, contract, and consumer law, trusting reputation to provide effective market-discipline. Their core belief... Continue reading
Posted Oct 30, 2018 at CL&P Blog
by Jeff Sovern According to Private Enforcement in Administrative Courts, 72 Vanderbilt Law Review, (Forthcoming), by Michael Sant'Ambrogio of Michigan State, in the year ending March 31, 2017, the government filed only eight consumer protection cases in federal court, which... Continue reading
Posted Oct 27, 2018 at CL&P Blog
by Jeff Sovern My colleague, Vincent DiLorenzo, has written Fintech Lending: A Study of Expectations Versus Market Outcomes, Forthcoming in Review of Banking & Financial Law. Here is the abstract: This paper documents the expectations for the fintech lending industry,... Continue reading
Posted Oct 25, 2018 at CL&P Blog
Samuel Issacharoff and Florencia Marotta-Wurgler, both of NYU, have written The Hollowed Out Common Law. Here's the abstract: The electronic marketplace poses novel issues for contract law. Contracts created through browsewrap, clickwrap, and shrinkwrap (contracts whose embedded terms are only... Continue reading
Posted Oct 18, 2018 at CL&P Blog
by Jeff Sovern A number of sources have reported on a survey of more than one thousand metastatic breast cancer patients presented recently at an American Society of Clinical Oncology (ASCO) symposium that found that debt collectors had contacted about... Continue reading
Posted Oct 15, 2018 at CL&P Blog
Here, by Brad Wolverton & Alex Richards. I don't want to quote too much, so here is an incomplete excerpt: The federal watchdog agency created to protect consumers is not regulating two of the country’s fastest-growing financial institutions despite receiving... Continue reading
Posted Oct 12, 2018 at CL&P Blog
Here. Excerpt from Jeff Bater's report: The Consumer Financial Protection Bureau took only three enforcement actions in the third quarter of 2018 and is on pace for the lowest yearly total in its seven years of existence. The bureau levied... Continue reading
Posted Oct 11, 2018 at CL&P Blog
by Jeff Sovern Acting CFPB director Mick Mulvaney famously wrote that he would not push the envelope. He explained: That entire governing philosophy of pushing the envelope frightens me a little. We are government employees, and we work for the... Continue reading
Posted Oct 11, 2018 at CL&P Blog