| Volume 142 Number 42 |
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The People’s Lawyer’s Tip of the Day
Tired of robocalls? Recently, the FTC and state and federal partners announced Operation Call it Quits, an effort to go after robocallers. Click here for more.
Independence Day spending on food to surpass $6 billion this year
This Independence Day, consumers in the U.S. will spend 6.7 billion (or $73 per person) on food for cookouts, picnics, and other celebrations, according to a report by the National Retail Federation (NRF). Independence Day spending has dipped slightly the past two years, with this year’s figure down from $6.94 billion last year. But a majority of Americans still say they plan to celebrate July 4 in some way this year, despite the fact that it falls on a Thursday. Click here for more.
Your Money
Buying a home costs more than just the purchase price. Aside from the price of a property, various expenses accompany its acquisition. Some expenses will squarely fall upon the seller, and others you will split. Yet others will be your sole responsibility. Here is what you can expect to pay when you buy a home: Click here for more.
For the Lawyers
Student loan borrowers can sue servicers under state consumer protection laws. A unanimous panel of the U.S. Court of Appeals for the Seventh Circuit concluded that the federal Higher Education Act (HEA) does not preempt state law claims against student loan servicers. The case involves a student loan borrower who brought a putative class action against the loan servicer alleging violations of the Illinois Consumer Fraud and Deceptive Business Practices Act, and constructive fraud and negligent misrepresentation under Illinois common law. The district court granted the defendant’s motion to dismiss concluding that these state law claims were expressly preempted by the HEA. On appeal, the Seventh Circuit reversed. Nelson v. Great Lakes Educational Loan Services Click here for more.