Underneath All Are the Contracts
Ralph Nader explains the problem with standard form contracts and introduces faircontracts.org.
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“Stop Contract Serfdom!” Amato in The Nation Magazine
“Stop Contract Serfdom!” Amato in The Nation MagazineThe January 27 print version issue of The Nation magazine carries an OpEd by Theresa Amato on what the Consumer Financial Protection Bureau should have on its agenda this year, including banning forced arbitration. The on-line version, titled “How Boilerplate Contracts Strip Our Rights,” can also be viewed…
The CFPB’s New Mortgage Rules and Senator E. Warren’s Senate Commentary
The Consumer Financial Protection Bureau’s New Mortgage Rules and Senator Elizabeth Warren’s Senate Commentary The CFPB’s new mortgage rules, including a provision that requires lenders to determine that borrower have the ability to repay a mortgage, go into effect on Friday, Jan. 10. Senator Warren praised them on the Senate Floor on January 7. Video…
Taking Time to Address the Target Hack
Taking Time to Address the Target Hack When I heard about the Target hack I immediately asked my spouse whether he had bought anything there recently as I had not, but I was worried about our debit card safety. He said yes, he had purchased two inexpensive alarm clocks. He couldn’t remember the date exactly, so then…
Senator Franken Holds Advisory Hearing on Americans’ Dwindling Right to Their Day in Court
Senator Franken Holds Advisory Hearing on Americans’ Dwindling Right to Their Day in Court On Tuesday, December 17, 2013, at 2:30 p.m., Senator Franken will hold an advisory hearing on the Arbitration Fairness Act of 2013. This may be one of the most important consumer protection bills in Congress as it would restore the rights…
Ralph Nader on The Wild and Cruel Gap Between Debtors and Creditors
Ralph Nader on The Wild and Cruel Gap Between Debtors and Creditors Read Ralph Nader here on the fine print in Student Loans and the Credit Industry.
CFPB Releases Preliminary Arbitration Study Results
CFPB Releases Preliminary Arbitration Study Results Today at a field hearing in Dallas, TX, Director Cordray made remarks explaining the preliminary results of an arbitration study conducted by the Consumer Financial Protection Bureau, pursuant to the Dodd-Frank Act of 2010. The hearing is posted at the CFPB’s website consumerfinance.org.
CFPB Issues New Mortgage Forms
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…
Contracts Law Professors Blog Symposium on Wrap Contracts, Foundations and Ramifications
Contracts 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,…
Is There a “Duty to Read”?
Is 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…
Cat Lobster Warns: Save Your Face!
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…