The CFPB is finally issuing its arbitration rule! I have not yet fully read the rule, but the substance seems to say the same as the proposed rule. It doesn’t make arbitration clauses unenforceable, just the use of arbitration clauses to preclude class actions.  Essentially, the press release read in part:   “Today’s rule prohibits […]

This is not a usual “consumer tips” posting, but I wanted to share this good news about someone making a difference for workers and consumers! My colleague at the University of Missouri, Rafael Gely, just received the David Petersen Award from the National Academy of Arbitrators.  Rafael directs our Center for the Study of Dispute […]

I have a couple credit cards, and for more than a year, both have provided me with a free credit score (FICO score), updated about once a month. From what I know about the computation of credit scores,they seemed more or less accurate. Nonetheless, they are hard to compare because each credit card company’s FICO […]

First, many thanks to Amy Schmitz for inviting me to guest blog on My Consumer Tips. I’m excited to share some of the consumer credit issues I’ve happened upon during my work. My research includes empirical studies of bankruptcy and consumer credit. (Read more about me here.) Along with my co-authors on some articles, I’ve written […]