| Volume 142 Number 8 |
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The People’s Lawyer’s Tip of the Day
Most robocalls are prohibited by law, but scammers and dishonest people continue to send them. And even some legitimate companies violate peoples’ privacy rights with illegal robocalls. Click here for more.
Two automakers move in opposite directions
Ford has confirmed that it is trimming its workforce amid concerns that consumers will not purchase as many new cars and trucks as in years past. At the same time, Toyota is increasing its investment in U.S. manufacturing, in part because of concerns about U.S. tariffs. Click here for more.
Your Money
You can build a nest egg for retirement faster and more easily if you qualify for tax breaks for your retirement savings. Individual retirement accounts allow workers with earned income to minimize taxes as they save for retirement. What are the benefits of an IRA? Click here for more.
For the Lawyers
Consumers fail to allege how misleading credit report harmed them. A split Ninth Circuit panel dismissed claims in related Fair Credit Reporting Act cases against Experian and Equifax. The plaintiffs had alleged defendants reported misleading credit reports. The suits stem from how the credit reporting agencies allegedly handled confirmed Chapter 13 bankruptcy plans for the plaintiffs, neglecting to reflect the consumers’ repayment plans in their credit reports. The consumers, however, didn’t make any allegations regarding how the misrepresentations on the credit reports would affect their transactions. The Ninth Circuit majority found, that it’s “not obvious that they would” affect them, given their bankruptcy status to begin with. The majority of the three-judge panel affirmed the district courts’ rulings but allowed the consumers to file new complaints. “Without any allegation of the credit report harming plaintiffs’ ability to enter a transaction with a third party in the past or imminent future, plaintiffs have failed to allege a concrete injury for standing,” Jesus Jaras v. Equifax Inc., case number 17-15201, 9th Cir. 2019 Click here for more.