This summer I reported the news that after much study, the CFPB had issued its arbitration rule barring the use of arbitration clauses to preclude class actions with respect to financial services and contracts disputes. The rule would have prohibited banks and other consumer financial companies from including mandatory arbitration clauses that block group lawsuits […]
My recent comments can be seen here: https://wallethub.com/edu/states-where-identity-theft-and-fraud-are-worst/17549/#amy-j-schmitz. The post also notes the rankings for states with the greatest risk of ID theft.
Anyone who has either been in college recently or has had a child in college knows that textbooks are expensive. Some textbooks cost well over $200. Many students continue to purchase textbooks from their campus bookstore and then resell those books back to the university. The main reason is simply the convenience of purchasing the […]
I would like to welcome Professor Pamela Foohey as a blogger to this site! I am so very pleased to have her on board, to share her insights and research. Professor Foohey teaches at Indiana University Maurer School of Law in Bloomington, Indiana, where her research centers on bankruptcy, commercial law, and consumer law. She […]
Tamko Building Products, Inc. v. Hobbs is a big win for consumer protection. This case differs from others of its kind, as it provides consumers with protection from invasive arbitration agreements attached to a product’s packaging. In 2005 and 2007 respectively, Lee Hobbs and the Jonesburg Methodist Church bought Heritage Series Shingles, which are manufactured by […]
In 2003, Elliot Clark took out five short-term loans of $500 from payday lenders in Kansas City so he could keep up with the bills his security job simply could not cover. Clark juggled the five loans for five years, paying off a $500 loan and interest using loans he took from another payday lender. […]
Traveling to other countries to get treatments or surgeries not fully covered here by your insurance or health plan may seem like a good idea that can potentially save you money. And in some cases it can be. However, before making that big decision it’s important to know the risks. Know the Regulations of the […]