The perch of a Supreme Court seat can provide additional sources of income. Shortly after her 2009 nomination to the Court, Justice Sonia Sotomayor announced plans for a memoir, which was published in 2013. Last year, Sotomayor reported more than $117,000 in income from publisher Penguin Random House. She received a publisher’s advance of nearly $1.2 million. … [Read more...] about Supreme Court nominee Brett Kavanaugh piled up credit card debt by purchasing baseball tickets, White House says
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The Military Lending Act (MLA) will apply to credit card accounts starting Tuesday, October 3. The final rule took effect last October but provided a one-year exemption for “credit extended in a credit card account under an open-end (not home-secured) consumer credit plan.” Although the final rule permits the Secretary of Defense to extend the exemption for up to one year (October 3, 2018), the DoD declined to do so and is allowing the exemption to expire next week. … [Read more...] about MLA Compliance Deadline for Credit Card Accounts is Tuesday, October 3
Although the term “deceptive” is left undefined in Dodd-Frank, the CFPB Supervision and Examination Manual notes that the bureau should be guided by the Federal Trade Commission’s definition of deception, which states that an act or practice is deceptive if “there is a misrepresentation, omission, or other practice that misleads the consumer acting reasonably in the circumstances, to the consumer’s detriment,” and the representation or omission is material. … [Read more...] about Consumer Financial Protection Bureau (CFPB) Issues Warning on Promotional Credit Card Offers
When is a gallon of gas like an iTunes track? That may sound like a riddle from a Lewis Carroll novel, but it was one of the questions considered by the California Supreme Court during oral arguments in Apple v. Superior Court (Krescent) as Apple, Inc. attempted to persuade the Court that the Song-Beverly Credit Card Act of 1971 , which prohibits retails from recording a customer’s personal identification information as a condition of accepting a credit card payment, does not apply to online retailers. … [Read more...] about The Unforeseeable Transaction: Apple Argues that the California Song-Beverly Credit Card Act Should Not Apply To Online Retailers