| Volume 54 Number 8 |
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The People’s Lawyer’s Tip of the Day
Don't sign a contract to buy a car unless you are sure it is the car you want to purchase. Contrary to what many people believe, the law does not give you three days to change your mind. Once you sign, you are legally bound. Click here for more.
Elizabeth Warren Appointed Special Adviser
On Friday, President Obama appointed former University of Houston Law Center faculty member Elizabeth Warren as Special Advisor to the Consumer Financial Protection Bureau. Warren is a longtime consumer advocate and credited with the idea of the Consumer Financial Protection Bureau. With another one to two years before an official director is appointed, Warren will have the opportunity to kickstart the Bureau and frame the operations. What kind of vision does Elizabeth Warren have for the Consumer Financial Protection Bureau? Click here for more.
Intel Confirms HDTV Encryption Crack
The encryption that protects high definition video from copying, ripping, and distribution has been hacked. The entertainment industry is on edge after Intel confirmed the High-bandwidth Digital Content Protection code was successfully cracked using a master (universal) key. The High-bandwidth Digital Content Protection is the copy protection format for every device that plays high definition content. How will the entertainment industry suffer? Click here for more.
Economists Encourage Tax Cut Entension
When given the choice of four options, 60% of economists nationwide suggested the best way congress could help the economy would be to extend tax cuts for all taxpayers. Choices included "extend tax cuts for all taxpayers," "help spur small business lending," "extend middle class tax cuts," and "other." Ultimately, the survey demonstrates that most economists believe an extension of tax cuts is best option for economic recovery. How did the other 40% of economists vote? Will congress follow the recommendation? Click here for more.
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For the Lawyers
Class arbitration waiver is unenforceable. The Missouri Supreme Court held that a consumer lender could not enforce a class arbitration waiver in its loan agreement. The court found the waiver unconscionable, and invalidated the arbitration agreement in it entirety. Click here for more.