Professor Jeff Sovern was recently quoted by both Bloomberg BNA and Politico. The ![Sovern Two[2]](https://stjlawfaculty.files.wordpress.com/2015/03/sovern-two2.jpg?w=214&h=300)
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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