| Volume 121 Number 6 |
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The People’s Lawyer’s Tip of the Day
Email fraud continues to be a problem. You didn’t win a foreign lottery or inherit money from someone in England. Nor does a disposed foreign dictator need your help moving money to the US. No reputable company or the government sends an email to verify your personal information. Hit “delete” whenever you see one of these scams. Click here for more.
Consumer Financial Protection Bureau Recovers Money for Consumers
On March 8, 2016, the Consumer Financial Protection Bureau (CFPB) announced that it recovered $14.3 million for approximately 228,000 consumers. Using its supervisory and examination authority, the CFPB discovered violations in the money transmitter, student lending, and debt collection markets. The CFPB disclosed these findings in its latest supervisory highlights report. Click here for more.
Your Money
Got a scary phone call saying you owe a lot of money to the IRS? It is a scam. In a current scam still operating, 896,000 people have been called by would-be swindlers, and more than 5,000 victims have handed over $26.5 million. It is important to know that the IRS does not solicit payments by phone nor email. If the agency needs information from you, it will write a letter first. Click here for more.
For the Lawyers
Arbitration agreement is unconscionable. The Montana Supreme Court affirmed a finding that an arbitration agreement was unconscionable and unenforceable. The court noted that where a party specifically challenges the validity of the arbitration clause, and not just the entire contract, it is the court that determines the validity of the arbitration clause. It also found that the arbitration provision lacked mutuality of obligation, was one-sided, and contained terms unreasonably favorable to the drafter. Global Client Solutions, LLC v. Ossello (Montana Sup Ct) Click here for more.