Sovern Quoted by Bloomberg BNA and Politico

Professor Jeff Sovern was recently quoted by both Bloomberg BNA and Politico. The Sovern Two[2]Bloomberg story, headlined CFPB Plans May 5 Hearing on Arbitration; Expected to Propose Rule, quoted Sovern’s blog post on the Consumer Law and Policy Blog:

Because the Bureau usually combines field hearings with announcements of related developments, it is likely to announce its proposed arbitration rules that day,” Jeff Sovern, a professor at St. John’s University School of Law, wrote in the Consumer Law & Policy Blog sponsored by the Public Citizen litigation group.

The Politico quote came in Politico’s Morning Money enewsletter, and read:

MORE ON COST-BENEFIT ANALYSIS — St. John’s University School of Law professor Jeff Sovern emails: “Consumer protection agencies already use CBA. The Dodd-Frank Act directs the CFPB to ‘consider’ costs and benefits. The FTC has a Bureau of Economics which effectively institutionalizes CBA. Neither the CFPB nor the FTC can find a practice unfair unless they find that it causes ‘substantial injury . . . which is . . . not outweighed by countervailing benefits.’”

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