Stephen Colbert explains the Equifax bungle on The Late Show with Stephen Colbert.
Class Actions Blog
Archive for the ‘Consumer Protection’ Category
Corporate interests seeking to secretly gut the key law that protects a citizen’s privacy
Congress is considering legislation that would ban class actions under the Fair Credit Reporting Act. The Fair Credit Reporting Act is the key law that is used to protect citizen’s credit reports and credit scores. Eliminating class actions would eviscerate these key protections.
Here is a link to a very good article on why this legislation should be rejected.
Category: Consumer Protection, Legislation |
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Tags: Fair Credit Reporting Act, legislation
Tags: Fair Credit Reporting Act, legislation
9th Circuit Court of Appeals reverses order requiring arbitration
The 9th U.S. Circuit Court of Appeals recently reversed a District Court decision that forced Verizon customers into an arbitration against a different company, Turn, Inc. The Court found that the claims did not arise out of the Verizon contract which contained an arbitration clause.
Senators must now choose whether to side with veterans or big banks
A recent article in the Huffington Post explains why the CFPB Rule banning forced arbitration is so important. Here is the link.
Shareholder sues Zillow for securities fraud
A shareholder in Zillow Group Inc. has filed a class action against the company alleging that the company should have told investors about its practices, which recently led to an investigation by the Consumer Financial Protection Bureau (“CFPB”). When Zillow announced that it received a Notice from the CFPB on August 8, 2017, alleging violations of the Real Estate Settlement Procedures Act, shares of the company fell $7.43, down more than 15 percent, over the next two trading days.
American Banker Magazine says that Equifax data breach may doom GOP efforts to stop CFPB from banning class action waivers
An interesting article in the American Banker Magazine says that the hoopla surrounding the Equifax data breach, including Equifax’s efforts to force consumers into arbitration after the data breach, may mean doom for GOP efforts to reverse the rule adopted by the CFPB that bans forced arbitration and class action waivers.
Click here for the article.
