What Lawyers Do

Now that Obama has become our 44th president, a feeling of excitement has infused the nation. He is young, level-headed, dazzlingly articulate and intelligent, and seems to carry so much promise. But as the excitement begins to wane as his honeymoon gets underway and reality sets in, we should keep an eye out for whether the Obama administration will enact real and meaningful change for consumers.

I believe that there should be an end to, among other anti-consumer practices: 1) jury and class action waivers; 2) mandatory arbitration clauses; 3) damages caps; 4) exorbitant credit card fees and bank surcharges; 5) payday lending industry usurious loans; and 6) National Bank Act preemption which prevents many consumer actions against banks.

Let’s see if this type of change is set to come.