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On November 20, the Consumer Financial Protection Bureau issued here its new, consumer road-tested, mortgage disclosure final rule and new forms. There is a link to the study showing how consumers had significantly better understanding with the redesigned disclosures. The New York Times editorialized on them here as an improvement but still “disappointing,” citing the…
Read MoreContracts Law Professors Blog Symposium on Wrap Contracts, Foundations and Ramifications Can you be bound to a contract just by visiting a website? Without you even knowing it? Yes, you can. Find out how and why. Today we submitted a piece to the Contracts Law Professors Blog Symposium on “Wrap Contracts” or all the browsewrap,…
Read MoreIs There a “Duty to Read”? Professor Charles L. Knapp at the University of California Hastings College of the Law has written a research paper that every Judge and fair contracts advocate should read. He argues that we should stop using the term “Duty to Read”, as it is commonly expressed in U.S. jurisprudence, and…
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Cat Lobster Warns: Save Your Face! Protect Your Privacy! On Saturday, October 26, 2013 a privacy rally against mass surveillance will take place in Washington, DC. See rally.stopwatchingus.us. It is also a good weekend to check your online fine print privacy settings as both Google and Facebook have made it easier to unmask…
Read MoreCFPB Releases Credit Card Study/Holds Public Hearing/ Fair Contracts Provides Testimony On October 2, 2013, the Consumer Financial Protection Bureau released it’s first biennial report on the effects of the Credit Card Accountability and Disclosure Act of 2009 or the “CARD Act”. In a public field hearing in downtown Chicago, Director Richard Cordray summarized…
Read More“Really, this time you’ve gone too far, Facebook.” Law professor Nancy S. Kim, author of the new book WRAP CONTRACTS, Foundations and Ramifications (Oxford University Press, 2013), writes at the ContractsProf Blog that Facebook has gone too far in its newly proposed policy terms. Professor Kim, in Happy Groundhog Day, Facebook!, notes that Facebook is…
Read MoreListen to Cullen Hoback and Professor Margaret Jane Radin on Kojo Nnamdi’s WAMU 88.5 Radio Program: “Clicking ‘Agree’ Without Reading the Fine Print” Cullen Hoback, producer of “Terms and Conditions May Apply,” and Professor Margaret Jane Radin, author of “Boilerplate: The Fine Print, Vanishing Rights, and the Rule of Law” discuss today here with Kojo…
Read MoreCitizen Works/Fair Contracts Submits Comments with Consumer Groups to the CFPB on Consumer Survey The CFPB has proposed a national telephone survey of 1,000 credit card holders as part of its forced arbitration study, required under Section 1028(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Several consumer groups made suggestions in the attached.…
Read MoreFair Contracts Openly Calls on Cordray to Deny Any “Side Deal” On Tuesday, July 16, 2013, the United States Senate finally confirmed Richard Cordray by a vote of 66 to 34 as the Director of the Consumer Financial Protection Bureau, which turned two years old today. The delay caused concerns about the scope of agency powers…
Read MoreNew York Times Article on Boilerplate Contracts Gives Shout Out to this Website Professors (and Fair Contracts Advisory Board Members) Margaret Jane Radin and Florencia Marotta-Wurgler, as well as Professor James Gibson, are all quoted about the problems of boilerplate in “Those Wordy Contracts We All So Quickly Accept,” an article written by Alina Tugend…
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