In the News Today – April 14, 2015
An editorial in The Wall Street Journal asks whether there were any actual victims in a “bizarre” Consumer Financial Protection Bureau (CFPB) case in which an $80 million settlement was reached with Ally Bank in 2013. The CFPB alleged interest rate discrimination against car buyers who were assumed—but never proved—to be minorities. (Wall Street Journal)
Eighty-eight percent of participants in the Law Times’ latest reader poll agree with the finding in the recent joint ILR-Canadian Chamber report that “class actions are costing businesses too much” and have gotten “out of control” in Canada. (Law Times)
A Pennsylvania appeals court’s ruling on whether the state had been “diligent” in refraining from putting settling tobacco companies’ market shares at risk as part of a 1998 master settlement could influence other state courts currently weighing the same considerations. (Law360)
