Legal consequences of failing to read fine print

For the past couple years, I have had the privilege of working as a consumer attorney.  I’ve occasionally written about some of the topics I’ve encountered as a consumer lawyer.  In this post, I’ll address another issue that I commonly encounter in my practice: illegible forms full of fine print that deprive consumers of fundamental rights.

What provoked this topic is a lawsuit I am currently handling.  My client sued a payday lender based on a payday loan that she alleges the defendant repeatedly processed and renewed in violation of the payday lending laws of Missouri.  This is a big deal to my client and to all of the numerous potential class members of this class action.  Why is it important?  For starters, this particular payday lender (and many others) charged 469% interest.  This is not a typo.  I have often asked friends and acquaintances whether they’ve heard of payday loans.  They usually say they have heard of those sorts of businesses.  I then ask them how much interest they think payday lenders charge.  Most people say something like this:

“Oh, I hear that it is an exorbitant rate of interest, perhaps 25%.” 

They are shocked to hear that it is legal to charge consumers 400 or 500% interest on a small consumer loans.  They are shocked to hear that some of these companies make it part of their business plan to repeatedly violate Missouri lending laws.  They are also shocked at one other thing, the topic of this post.  …

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Nakedness For A Better World

Have you ever noticed that certain people who drive Very Large Vehicles tend to drive slower than everyone else?  I followed a 4X4 pick-up truck of epic proportions this morning and the driver crawled along at just under 25 miles an hour on a 35 mph street.  He--there's only one…

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We Should All Be Messiahs

There may be little original in this post, but then, there seems to be little original in its subject.  It's just that, well, no one, or not many, manage to say the obvious. I was sitting before my tv the other day watching Dune.  The SciFi Channel version, not that…

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How Did Noah’s Flood Deposit the Iridium Layer?

I've been spending (wa-ay too much) time today reading various news reports about the new Answers In Genesis Museum. In the blog responses to some of these reports I see mostly relief that someone has finally created this museum to tell the truth about Young Earth Creationism. As opposed to…

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Creation in Covington

A friend from Kentucky recently sent me this local newspaper column about the soon-to-be-opened Creation Museum in Covington, Kentucky (just across the river from Cincinnati, Ohio). This museum aims to counteract the secular lies about how old the Earth really is, and to show that only the Bible has a…

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