laws
Watch Sexy Credit Card Senate Hearing Cam!
- Guests include Elizabeth Warren, Leo Gottleib Professor of Law and author of The Two Income Trap: Why Middle Class Mothers and Fathers are Going Broke, Harvard Law School; Dr. Robert Manning, Professor of Finance and Author of Credit Card Nation, Rochester Institute of Technology; John Finneran , President of Corporate Reputation and Governance, CapitalOne Financial; Richard Vague, Chief Executive Officer, Barclaycard US; Carter Franke, Executive Vice President of Marketing, JP Morgan Chase & Co.; Tamara Draut, Director, Economic Opportunity Programs, Demos; and Travis Plunkett, Legislative Director, Consumer Federation of America.
Ohh, CapitalOne. If they show up late we hope the senate charges them a fee.—MEGHANN MARCO
“Stupid” Law Prevents Foreign Investors From “Owning” US Airlines
Slate magazine’s Daniel Gross makes the case that the law prohibiting foreigners from owning more than 25 percent of an American airline, is not only “stupid” but rooted in “misplaced hostility to foreigners, national-security paranoia, and plain-old protectionism.” He claims the law is obsolete * (the Federal Aviation Act was created in 1938 1958 (the Civil Aeronautics Act was created in 1938) and damaging to consumers.
New Hampshire’s Crappy Lemon Law
In New Hampshire, if you buy a car rated for over 9,000lbs, and that car is a lemon, you’re in trouble. New Hampshire’s lemon law has a loophole that classifies any vehicle over the 9,000lbs limit as a commercial vehicle, and thus ineligible for consumer protection. So what do SUV buyers do with their lemons? “They either have to fight it out with the dealership or perhaps even file a civil claim depending on the defect,” said a spokesperson for the Department of Motor Vehicles. Fun.
Cellphone Dealers Won’t Sell Nice Phones To Less Profitable Customers
Cellphone dealers will sometimes hold new and limited quantity cellphones from existing customers, preferring to sell them to more profitable new customers or contract upgrades, members of HowardForums allege.
Don’t Get Drunk in Texas
Texas bar patrons may have more than a dirty glass or a saloon shootout to watch out for. A new program sends undercover agents into watering holes to arrest drinkers for being drunk.
