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March 2015

CFPB’s Proposed Payday Lending Rules: A Big Step in the Right Direction

Photo via Scurzuzu on Flickr By Sarah BeltonCartwright-Baron Attorney  Reckoning day for payday lenders has finally arrived. To quote President Obama’s prepared remarks for his speech in Birmingham, Ala., “if you’re making a profit by trapping hard-working Americans in a vicious cycle of debt, then you…

CFPB Hearing: Data on One Side, Empty Rhetoric on the Other

photo credit: cfpb 36794 via photopin (license) By Gabriel HopkinsThornton-Robb Attorney In today’s era of Big Data, analytics, and sabermetrics, the cheeky motto “in God we trust, all others must bring data” has never seemed more relevant. Well, in the arena of mandatory arbitration provisions…

CFPB Report Finds Forced Arbitration is Bad for Consumers

photo credit: plastic please via photopin (license) By Aidan O’SheaCommunications Specialist A report released today by the Consumer Financial Protection Bureau has found that forced arbitration clauses – language in consumer contracts that pushes any customer dispute out of court and into a private, secret,…

Payday Lending: Boon or Boondoggle for Tribes?

By Leslie BaileyStaff Attorney Earlier this week, the Washington Post published a fascinating piece profiling the Lac Vieux Desert Band of Lake Superior Chippewa Indians, a small Native American tribe that ostensibly went into the payday loan business in a quest for much-needed funding for…

Trinity Guardrails Court Files Must Be Open, Court Rules

An image from the Harman v. Trinity complaint. By Leah NichollsStaff Attorney  Good news! Yesterday, in a high-profile case involving the safety of highway guardrails, Harman v. Trinity, the court ordered that all the court records in the case be made open to the public….